523 N Tacoma Avenue, Tacoma, WA 98403
- $1,690,000
- 5,965
- SqFt
Listing courtesy of Blake Investment Advisors. Selling Office: Windermere Prof Partners.
- Sold Price
- $1,690,000
- List Price
- $1,775,000
- Status
- SOLD
- MLS#
- 2366956
- Closing Date
- Oct 07, 2025
- Days on Market
- 14
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 5,965
- Area Total SqFt
- 5965
- Annual Tax Ammount
- 18387
- Lot Size (sq ft)
- 14,000
- Sewer
- Available
Property Description
The Stadium District Mansion Apartments is a well-maintained asset with a history of nearly 100% occupancy and consistent income. Located across the street from the Tacoma Lawn and Tennis Club, 523 North Tacoma is a trophy apartment building investment in a True “A+” location in the stadium district of North Tacoma. Constructed in 1892, many of the apartments boast sweeping territorial views of the Puget Sound and the quality of the location and the classic charm of the asset combine to create one of the most unique multifamily investment opportunities an investor will likely ever see. Contact broker for financial information. All units are occupied; do not disturb tenants. View with discretion from street.
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Additional Information
- List Date
- 2025-09-23 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $120,587
- Gross Adjusted Income
- $168,480
- Gross Scheduled Income
- $168,480
- Total Monthly Income
- $14,302
- Insurance Expenses
- $7,601
- Water/Sewer/Garbage Expenses
- $15,605
- Gross Rent Multiplier
- 10.5
- Total Expenses
- $47,893
- Cap Rate
- 6.79
- Vacancy Rate
- 2
- Total Number of Units
- 6
- Unit Name
- 523
- Potential Terms
- Conventional
- Year Built
- 1892
- Roof
- Composition
- Site Features
- Sprinkler System
- Other Expenses
- 6300
- Energy Source
- Natural Gas
- School District
- Tacoma
- Total Monthly Income
- $14,302
- Gross Scheduled Income
- $168,480
- Vacancy Rate
- 2
- Gross Adjusted Income
- $168,480
- Tax Year
- 2024
- Insurance Expense
- $7,601
- W/S/G Expenses
- $15,605
- Total Expenses
- $47,893
- Net Operating Income
- $120,587
- Gross Rent Multiplier
- 10.5
- Cap Rate
- 6.79
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.