908 S 5th Street, Tacoma, WA 98405

Local realty services provided by:Knipe Realty ERA Powered
Listed by: david a. kelley
Office: kidder mathews
MLS#:2470155
Source:NWMLS
908 S 5th Street,Tacoma, WA 98405
$1,000,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$1,000,000

About this home

The Park 5 apartments are a well-located 6-unit apartment building constructed in 1910, offering investors a compelling value-add opportunity in one of Tacoma’s most desirable and historically stable submarkets. Significant recent capital improvements have already been completed, substantially reducing new ownerships near-term maintenance risk. Recent upgrades include brand new exterior siding and paint, along with a new roof and new windows, positioning the asset with strong curb appeal and durable long-term appreciation. These improvements allow a new owner to focus capital and effort on interior enhancements rather than major structural or exterior work. The interiors remain in largely original condition, presenting a clear path for modernization through updated finishes and fixtures. Park5 offers meaningful upside potential through a strategic renovation program aimed at driving rental growth. The property benefits from an exceptional location, situated adjacent to Wright Park,

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Home facts

  • Year built:1910
  • Listing ID #:2470155
  • Updated:February 12, 2026 at 10:43 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1910
  • Lot area:0.07 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,000,000
  • Tax amount:$12,576 (2025)
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