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Listed by:Kidder Mathews • David A. Kelley
$ 2,800,000
Est. payment | /mo
18 Beds
12 Baths
0.4 Acres Lot
$ 2,800,000
Est. payment | /mo
18 Beds
12 Baths
0.4 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Narrows
MLS Listing ID 2538763
Style 56 - 10+ Units
Bedrooms 18
Year Built 1955
Annual Tax Amount $28,717
Lot Size 0.402 Acres
Property Sub-Type Multi Family
Property Description
Built in 1959 and representing the quintessential Tacoma brick construction, Viewcrest Terrace Apartments is a meticulously maintained asset that has stood the test of time - both in physical condition and locational relevance. The property sits on the corner of Tacoma's prominent 6th Avenue corridor and S Jackson Avenue, offering residents sweeping views of Puget Sound and the Narrows Bridge from one of the most coveted residential locations in the city. Despite its premier positioning, the property presents a compelling light value-add opportunity with approximately $4,000 per month in unrealized rental upside between current in-place rents and market rates. A targeted interior modernization program focused on updated finishes, fixtures, and unit upgrades provides a clear and executable path to capturing meaningful rent premiums — without the need for significant structural or exterior capital investment. The building's exceptional physical condition allows a new owner to focus exclusively on value creation rather than deferred maintenance
Location
State WA
County Pierce
Area 31 - West Tacoma
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Brick
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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