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No HOA
Street View
Listed by: David A. Kelley (360) 705-2800 | Kidder Mathews (360) 705-2800
$2,000,000
Monthly Est:$9,955
12 Beds
10 Baths
--sqft
1115 N 12th Street, Tacoma, WA 98403
$2,000,000
$9,955/moEst:
Get Pre-Approved
Multi Family
Built in 1954
$-- HOA
12,610 sqft lot
--/sqft
Description
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.
- Houzeo last checked: 8 hours ago
- Listing updated: September 22, 2026 at 6:38 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2553708
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1954
HOA Fees
-
Finished Area
- sqft
Lot Size
12,610 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2553708
MLS Status
Active
Days on Market
79
Cumulative Days on Market
79
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 10
Interior
Heating
Forced Air
Sewer
Sewer Connected
Exterior Features
Cement Planked
Cooling
None
Flooring
Vinyl Plank
Construction
Year Built
Year Built: 1954
Home type
Multi Family
Foundation Details
Poured Concrete
Roof
Flat
Construction Materials
Cement Plank
Property Condition
Good
Other Features
Subdivision Name
North Tacoma
Price History
| Date | Event | Price |
|---|---|---|
07/14/2026 Source: | Listed for Sale | $2,000,000 $0/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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.
IDX information is provided exclusively for consumers’ personal, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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