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1207 Altheimer Street, Tacoma
$1,750,000
2594907 MLS ⋅ ACTIVE Status
Ten-unit multifamily opportunity directly across from Bates Technical College’s Downtown Campus in Tacoma. Six one-bedroom apartments and four studios, with substantial updates completed in December 2018 across all units, including building replumbing and rewiring. Proximity to UW Tacoma and St. Joseph Medical Center, with Tacoma General Hospital and Mary Bridge Children’s Hospital also nearby. Convenient access to Wright Park, downtown dining, the Theater District, Tacoma Art Museum and Children’s Museum of Tacoma. Nearby campus investment includes Bates’ $43.7 million Center for Allied Health Education, opened in 2022. On-site laundry and limited off-street parking add everyday convenience. Located within a designated Qualified Opportunity Zone; buyer to verify eligibility for any associated tax benefits with their tax advisor.

1207 Altheimer Street, Tacoma

Listing Broker: Keasy Property Management; Liat Arama; 425-786-7542; broker@keasy.ai

11905 Park Avenue S, Tacoma
$749,000
2588383 MLS ⋅ ACTIVE Status
They said the "1% Rule" was impossible - but this Parkland rental delivers! This large corner-lot home is split into 3 separate living suites, each with its own kitchen & laundry: a 6-bed/2-bath suite, & two 3-bed/1-bath suites. Renovated to the studs in 2017 & capped with a new 2026 roof & sheeting. Built to last with full insulation, all new plumbing lines, tankless water heater, LVP + laminate flooring, & electric heat w/ thermostats. Sold fully furnished, mostly occupied, & systemized for immediate cashflow! Favorite tenant upgrades include a large covered patio, fenced & level backyard with a large storage shed, plus abundant off-street parking for 10+ cars & an EV hookup. Ask the listing agent for ROI spreadsheets showing $ 1,850 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses! Great location: walk to major commuter buses, Pacific Lutheran University (PLU), Sushi Burrito & other Garfield Street cafes. Easily hop on SR-512 and I-5 freeways for nearby JBLM, Tacoma, & Seattle. Investments like this don't come often! Message listing agent for room-rental lender recommendations. Home is in Parkland - Pierce County, no Tacoma rental laws!

11905 Park Avenue S, Tacoma

Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com

9618 Pacific Avenue, Tacoma
$1,499,999
2468619 MLS ⋅ ACTIVE Status
Value-add mixed-use multifamily opportunity along the Pacific Avenue corridor, suited for an investor focused on lease-up, income stabilization, and operational improvement. The property includes 10 residential units with street frontage featuring a minimart and convenience store component. The residential units offer upside through leasing activity, while the commercial frontage provides additional income potential along a high-traffic corridor. The property provides ample on-site parking and is conveniently located near major arterials and daily services. Well suited for an investor seeking steady income with incremental upside and long-term mixed-use flexibility.

9618 Pacific Avenue, Tacoma

Listing Broker: Engel & Voelkers Seattle DT; Robert Laing; 206-552-0599; robert.laing@evrealestate.com

7603 Pacific Avenue, Tacoma
$2,999,999
2468356 MLS ⋅ ACTIVE Status
Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor, well suited for an investor focused on renovation completion, lease-up, and long-term income growth. The property consists of three buildings totaling 21 units. The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with additional units in various stages of renovation. All three buildings have been repainted recently. New roofs have also been installed on the two single-story buildings on the property. The third building is a three-story structure built in 1989 with nine spacious two-bedroom units. The property offers on-site laundry and ample parking and is conveniently located near retail, dining, transit, and daily services.

7603 Pacific Avenue, Tacoma

Listing Broker: Engel & Voelkers Seattle DT; Robert Laing; 206-552-0599; robert.laing@evrealestate.com

301 E 26th, Tacoma
$21,500,000
2468328 MLS ⋅ ACTIVE Status
Joint Venture Development Opportunity. Mount Bay Apartments is a permit-ready, fully bid, and shovel-ready 307-unit workforce housing development in the heart of Tacoma’s Transportation District. One block from Tacoma Link Light Rail, Sounder, Amtrak, and Greyhound, the project delivers unmatched regional connectivity to downtown Tacoma, Seattle, and Portland—driving strong demand, high occupancy, and long-term value. Designed for working professionals and essential workforce residents, the community features two landscaped courtyards, convenience retail, below-grade parking, a welcoming lobby, fitness center, shared workspace, and a seventh-floor indoor/outdoor sky lounge. The project is fully aligned with Tacoma’s urban revitalization vision while addressing a critical housing need. Mount Bay Apartments offers a compelling, defensive multifamily investment with predictable cash flow, downside protection, and meaningful upside. Workforce housing has consistently outperformed luxury assets across market cycles, delivering stable occupancy even in economic downturns. An eight-year property tax abatement enhances early-year cash flow and improves overall returns, while long-term appreciation is supported by sustained infrastructure investment and neighborhood transformation. This is an exceptional opportunity to partner in a transit-oriented, tax-advantaged asset positioned to generate reliable income and lasting value in one of Tacoma’s fastest-growing urban corridors.

301 E 26th, Tacoma

Listing Broker: Crestview Realty Advisors; Chuck Walle; 253-677-2739; chuckwalle@msn.com

1405 Martin Luther King Jr Way, Tacoma
$1,300,000
2467071 MLS ⋅ ACTIVE Status
Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

1405 Martin Luther King Jr Way, Tacoma

Listing Broker: Theory Real Estate; Ronald Dudley; 253-640-6688; Ron@theoryRE.com

5601 S Thompson Avenue, Tacoma
$1,285,000
2324610 MLS ⋅ ACTIVE Status
Great 2 story 10-plex in Tacoma with 9, 1 BD/ 1 BA units and one large studio. 100% occupied with long-term tenants at below-market rents. Centrally located and walking distance to shops and grocery stories. Exterior security lighting, 5 parking spots rented for extra income, and coin-op washer and dryer in dedicated laundry room. One of the best priced buildings in Tacoma!

5601 S Thompson Avenue, Tacoma

Listing Broker: KW Greater Seattle; Stacey A. Brower; 206-491-1200; Stacey@kendratoddgroup.com

5404 S M Street, Tacoma
$1,775,000
2321667 MLS ⋅ ACTIVE Status
Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit. 6 garage units that are fully rented.

5404 S M Street, Tacoma

Listing Broker: KW Greater Seattle; Stacey A. Brower; 206-491-1200; Stacey@kendratoddgroup.com

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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