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Stadium District Victorian Apartments 404 N Tacoma Ave 6 Unit Apartment Building $1,000,000 ($166,667/Unit) 5.73% Cap Rate Tacoma, WA 98403
Executive Summary
TROPHY LOCATION! On the market for the first time in 70 years, The Stadium District Victorian Apartments has been owned and cared for by the same family since 1956. Constructed in 1890, this rare six-unit asset features six one-bedroom apartment homes averaging approximately 600 square feet and showcases Victorian old-world charm in one of Tacoma's most desirable neighborhoods, the Stadium District. Residents enjoy access to a common on-site laundry room, six private storage lockers, and a five-car carport located at the rear of the property. All units are currently occupied. Please do not disturb tenants.
Property Facts
| Price | $1,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $166,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.73% | Building Size | 6,000 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | ||
| Zoning | R4L | ||
| Price | $1,000,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,000 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Zoning | R4L |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 600 - 650 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 203412-0070 | Improvements Assessment | $875,900 |
| Land Assessment | $427,600 | Total Assessment | $1,303,500 |
Property Taxes
Parcel Number
203412-0070
Land Assessment
$427,600
Improvements Assessment
$875,900
Total Assessment
$1,303,500
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