Smith Apartments | 713-715 S Yakima Ave
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Smith Apartments 713-715 S Yakima Ave
14 Unit Apartment Building $2,450,000 ($175,000/Unit) Tacoma, WA 98405
Investment Highlights
- Fully remodeled turn-key opportunity
- Near the historic 27-acre Wright Park
- Large lot with potential to add units
- Excellent Downtown Tacoma location
Executive Summary
CBRE proudly presents the Smith Apartments, a 14-unit turn-key investment opportunity located in Tacoma’s thriving Hilltop neighborhood. The Smith Apartments were remodeled down to the studs in 2024 and feature all new plumbing and electrical systems, in-unit washers and dryers, and premium quality finishes. The property is close to shops, restaurants, and the historic Wright Park. The 6th Avenue light rail station is also a short walk away, providing easy access to downtown Tacoma and other parts of the city.
Property Facts
| Price | $2,450,000 | Lot Size | 0.15 AC |
| Price Per Unit | $175,000 | Building Size | 4,912 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 14 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1919/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.04/1,000 SF |
| Apartment Style | Mid Rise | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | $2,450,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,912 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1919/2019 |
| Parking Ratio | 2.04/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 14 | $1,250 | 259 - 467 |
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Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 200715-0050 | Improvements Assessment | $43,400 |
| Land Assessment | $474,000 | Total Assessment | $517,400 |
PROPERTY TAXES
Parcel Number
200715-0050
Land Assessment
$474,000
Improvements Assessment
$43,400
Total Assessment
$517,400
zoning
| Zoning Code | DR (Downtown Residential) |
| DR (Downtown Residential) |
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Smith Apartments | 713-715 S Yakima Ave
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