1115 N 12th Street, Tacoma, WA 98403

Tacoma
Local realty services provided by:Knipe Realty ERA Powered
Listed by: david a. kelley
Office: kidder mathews
MLS#:2553708
Source:NWMLS
1115 N 12th Street,Tacoma, WA 98403
$2,000,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,000,000

About this home

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...

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Home facts

  • Year built:1954
  • Subdivision & Development:North Tacoma
  • Listing ID #:2553708
  • Updated:September 17, 2026 at 12:33 AM

Rooms and interior

  • Flooring:Vinyl Plank

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1954
  • Lot area:0.29 Acres
  • Construction Materials:Cement Planked

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$2,000,000
  • Tax amount:$15,846 (2026)

Parking

  • Total parking spaces:4
  • Carport spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 17, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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