PROPERTIES FOR SALE

1115 N 12th Street Tacoma, WA 98403

NWMLS Courtesy of Kidder Mathews
1115 N 12th Street
Tacoma, WA 98403
$2,000,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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SELLER FINANCING AVAILABLE. The Villa Apartments is a well-located 10-unit apartment building situated in one of Tacoma's most coveted and historically stable submarkets — North Tacoma. Offered to the market for the first time in over 25 years, this is a rare opportunity to acquire a long-held, carefully maintained asset in a neighborhood that consistently commands strong tenant demand and above-average rent growth. The property presents a compelling value-add investment profile, with dated interiors that reflect the building's long-term ownership and offer a clear path to modernization. A strategic renovation program targeting updated finishes, fixtures and exteriors would allow a new owner to drive meaningful rental growth and unlock significant upside in stabilized value. Adding to the opportunity, the seller is offering attractive financing terms, providing qualified buyers with a distinct advantage in today's elevated interest rate environment. North Tacoma's appeal is well established - tree-lined streets, walkable neighborhoods, proximity to the University of Puget Sound, Tacoma's best retail and dining corridors, and consistently low vacancy make it one of the most sought-after multifamily locations in the South Sound.

Property Features

Community: North Tacoma
10+ Units
Exterior: Cement Planked
Roof: Flat
Year Built: 1954
2026 Taxes: $15846.00
Buyer Broker Comp.: 1
Listing #: 2553708

Lot Details

Lot Size: 0.29 acres
No. of Units: 10

Interior

Cooling: None
Heating: Forced Air
Electric

Schools

District: Tacoma
Call or Email:
Grace Wamwere

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Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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