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Smith Apartments 713-715 S Yakima Ave 10 Unit Apartment Building $1,800,000 ($180,000/Unit) Tacoma, WA 98405
INVESTMENT HIGHLIGHTS
- Fully remodeled turn-key opportunity
- Near the historic 27-acre Wright Park
- Large lot with potential to add units
- Excellent Downtown Tacoma location
EXECUTIVE SUMMARY
CBRE proudly presents the Smith Apartments, a 10-unit turn-key investment opportunity located in Tacoma’s thriving Hilltop neighborhood. The Smith Apartments were remodeled down to the studs in 2024 and feature all new plumbing and electrical systems, in-unit washers and dryers, and premium quality finishes. The property is close to shops, restaurants, and the historic Wright Park. The 6th Avenue light rail station is also a short walk away, providing easy access to downtown Tacoma and other parts of the city.
PROPERTY FACTS
| Price | $1,800,000 | Lot Size | 0.15 AC |
| Price Per Unit | $180,000 | Building Size | 6,500 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1919/2019 |
| Property Subtype | Apartment | Parking Ratio | 1.54/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | DR - Downtown Residential | ||
| Price | $1,800,000 |
| Price Per Unit | $180,000 |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1919/2019 |
| Parking Ratio | 1.54/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | DR - Downtown Residential |
AMENITIES
UNIT AMENITIES
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $1,250 | 259 - 467 |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 200715-0050 | Improvements Assessment | $40,200 |
| Land Assessment | $474,000 | Total Assessment | $514,200 |
PROPERTY TAXES
Parcel Number
200715-0050
Land Assessment
$474,000
Improvements Assessment
$40,200
Total Assessment
$514,200
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Smith Apartments | 713-715 S Yakima Ave
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