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About the Listing 128 - 124360
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.
Listing Highlights
Status
Active
Days on Site
2
Property Type
Multi-Family
MLS ®
2553708
Year Built
1954
Total Square Footage
6,325
Lot/Acreage
0.29
Interior Details
- Bedrooms: 12
- Bathrooms: 10 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 4
- Zoning: Multi-Family
- Roof: Flat
- Others: Cement Planked,Good
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $15,846
- Taxes w/Assessments: N/A
- Tax/Property ID: 2042230030
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
1115 N 12th St Tacoma, WA 98403
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