Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor, well suited for an investor focused on renovation completion, lease-up, and long-term income growth. The property consists of three buildings totaling 21 units. The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with additional units in various stages of renovation. A new roof has been installed on the south portion of the property. The third building is a three-story structure built in 1989 with nine spacious two-bedroom units. The property offers on-site laundry and ample parking and is conveniently located near retail, dining, transit, and daily services.
Active
Listed by: Engel & Voelkers Seattle DT • Roberto Laing
Price cut: $100K (7/17)
$3,299,000
7603 Pacific Avenue, Tacoma, WA 98408
30beds
21baths
14,063sqft
Multi Family
Built in 1989
-- sqft lot
$-- Zestimate®
$235/sqft
$-- HOA
What's special
Ample parkingOn-site laundry
- 184 days |
- 80 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Roberto Laing,
Engel & Voelkers Seattle DT,
Francie Zanuzoski,
John L. Scott R.E.Tacoma North
Source: NWMLS as distributed by MLS GRID,MLS#: 2468356
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 30
- Bathrooms: 21
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 14,063
- Total interior livable area: 14,063 sqft
Property
Lot
- Size: 0.81 Acres
Details
- Parcel number: 785000660
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition,Torch Down
Condition
- Good
- Year built: 1989
- Major remodel year: 2002
Utilities & green energy
- Electric: Company: TPU
- Sewer: Sewer Connected, Company: TPU
- Water: Public, Company: TPU
Community & HOA
Community
- Subdivision: Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $235/sqft
- Tax assessed value: $2,733,000
- Annual tax amount: $29,698
- Date on market: 7/14/2025
- Cumulative days on market: 369 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,851/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/17/2026 | Price change | $3,299,000-2.9%$235/sqft |
Source:  NWMLS as distributed by MLS GRID #2468356 Report a problem | ||
| 5/21/2026 | Price change | $3,399,000-1.4%$242/sqft |
Source: NWMLS as distributed by MLS GRID #2468356 Report a problem | ||
| 1/15/2026 | Listed for sale | $3,449,000-4.2%$245/sqft |
Source: NWMLS as distributed by MLS GRID #2468356 Report a problem | ||
| 4/17/2023 | Listing removed | -- |
Source: John L Scott Real Estate Report a problem | ||
| 3/31/2023 | Listed for sale | $3,600,000+46.9%$256/sqft |
Source: John L Scott Real Estate #2050434 Report a problem | ||
| 12/20/2021 | Sold | $2,450,000-12.5%$174/sqft |
Source: NWMLS as distributed by MLS GRID #1829675 Report a problem | ||
| 10/23/2021 | Pending sale | $2,800,000$199/sqft |
Source: NWMLS as distributed by MLS GRID #1829675 Report a problem | ||
| 10/21/2021 | Listed for sale | $2,800,000$199/sqft |
Source: NWMLS as distributed by MLS GRID #1829675 Report a problem | ||
| 10/9/2021 | Pending sale | $2,800,000+166.2%$199/sqft |
Source: NWMLS as distributed by MLS GRID #1829675 Report a problem | ||
| 8/15/2014 | Sold | $1,051,719+16.2%$75/sqft |
Source: Public Record Report a problem | ||
| 7/25/2003 | Sold | $905,000+31.8%$64/sqft |
Source: Public Record Report a problem | ||
| 3/1/1999 | Sold | $686,405$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $29,698 -2.2% | $2,733,000 |
| 2023 | $30,367 +7.2% | $2,733,000 |
| 2022 | $28,326 +4.1% | $2,733,000 +15% |
| 2021 | $27,210 +51.9% | $2,377,500 +43.2% |
| 2019 | $17,912 -9.5% | $1,660,000 +20.2% |
| 2018 | $19,798 +3% | $1,380,900 +10% |
| 2017 | $19,230 +2.3% | $1,255,500 +15.5% |
| 2016 | $18,805 | $1,087,000 +0.3% |
| 2014 | $18,805 +3% | $1,083,400 -0.1% |
| 2013 | $18,255 | $1,084,200 +4% |
| 2012 | -- | $1,042,100 |
| 2011 | -- | $1,042,100 +3.3% |
| 2010 | -- | $1,009,100 -11.2% |
| 2009 | -- | $1,136,600 0% |
| 2008 | $10,369 +2.4% | $1,136,700 +92.1% |
| 2002 | $10,128 -2.6% | $591,600 |
| 2001 | $10,395 | $591,600 -0.2% |
| 2000 | $10,395 | $592,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: South End
Nearby schools
GreatSchools rating
- 3/10Larchmont Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Baker Middle SchoolGrades: 6-8Distance: 0.7 mi
- 1/10Mt Tahoma High SchoolGrades: 9-12Distance: 3.1 mi
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