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. All three buildings have been repainted recently. New roofs have also been installed on the two single-story buildings on 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: $299K (8/7)
$2,999,999
7603 Pacific Avenue, Tacoma, WA 98408
30beds
21baths
14,063sqft
Multi Family
Built in 1989
-- sqft lot
$-- Zestimate®
$213/sqft
$-- HOA
What's special
Ample parkingOn-site laundry
- 233 days
- 87
- 5
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
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: $213/sqft
- Tax assessed value: $2,614,900
- Annual tax amount: $28,453
- Date on market: 7/14/2025
- Cumulative days on market: 418 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$1,851/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Price change | $2,999,999-9.1%$213/sqft |
Source:  NWMLS as distributed by MLS GRID #2468356 Report a problem | ||
| 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 |
|---|---|---|
| 2025 | $28,453 -4.2% | $2,614,900 -4.3% |
| 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
