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(253) 209-4200
Real Estate Company
1207 Altheimer Street, Tacoma, WA 98405
Listing Broker: Keasy Property Management; Liat Arama; 425-786-7542; broker@keasy.ai
- $1,750,000
- 5,505
- SqFt
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- 2594907
- Style
- 56 - 10+ Units
- Finished SqFt
- 5,505
- Area Total SqFt
- 5505
- Annual Tax Ammount
- 19543
- Lot Size (sq ft)
- 6,500
- Sewer
- Available
Property Description
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.
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Additional Information
- Community
- Hilltop
- Net Operating Income
- $98,844
- Gross Adjusted Income
- $137,451
- Gross Scheduled Income
- $152,724
- Total Monthly Income
- $12,727
- Insurance Expenses
- $5,205
- Water/Sewer/Garbage Expenses
- $11,050
- Gross Rent Multiplier
- 11.46
- Total Expenses
- $38,607
- Cap Rate
- 5.65
- Vacancy Rate
- 10
- Total Number of Units
- 10
- Unit Name
- 1207
- Potential Terms
- Conventional
- Year Built
- 1889
- Roof
- Composition
- Electric Expenses
- 2809
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $12,727
- Gross Scheduled Income
- $152,724
- Vacancy Rate
- 10
- Gross Adjusted Income
- $137,451
- Tax Year
- 2026
- Insurance Expense
- $5,205
- W/S/G Expenses
- $11,050
- Total Expenses
- $38,607
- Net Operating Income
- $98,844
- Gross Rent Multiplier
- 11.46
- Cap Rate
- 5.65
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.