1115 N 12th Street, Tacoma, WA 98403 (MLS # 2553708)

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Listing provided courtesy of Northwest MLS; Kidder Mathews

PRICE $2,000,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 12,611 sqft
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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.

LAST UPDATED 7/14/2026 TRACT North Tacoma
YEAR BUILT 1954 COMMUNITY North Tacoma
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 13 - North Tacoma
CONSTRUCTION Cement Siding
HEAT Electric, Forced Air
LOT 0.2895 acre(s)
MLS STATUS Active
STORIES 2
STYLE 56 - 10+ Units
SUBDIVISION North Tacoma
TAXES 15846
UTILITIES Sewer Connected
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 9/1/26 9:24 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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