219 125th Street S Tacoma, WA $ 5,000,000
219 125th Street S
$ 5,000,000
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219 125th Street S

Tacoma, WA, 98444
$ 5,000,000
Baths0.0 Sq 26,712

Monthly Estimate*

$ 29,945

Listed by Paragon Real Estate Advisors
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Studio

Multi-Family Home for sale in Tacoma, WA

for $5,000,000. This 26,712 square foot home was built in 1971 on a lot size of 1.7938.

36-unit garden-style community is offered to the market for the first time in over 30 years. Property features 22-1BD and 14-2BD units, and 51 parking spaces. The property spans four buildings, surrounding a shared courtyard with swimming pool an leasing office. Property has been maintained and operated by long-term ownership, preserving their classic charm while offering significant potential for repositioning. This property presents a value add opportunity for new ownership through modernization and improved operations. The units, which are larger than average for the submarket, can command higher rents with cosmetic upgrades. Additionally, the complex includes desirable amenities such as a pool, leasing office, and laundry facilities.

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Multi-Family Active

Price

$ 5,000,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 57,810

Style

10+ Units

Lot Size

1.7938

Year Built

1971

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2277492

Features
General
Interior Features Wall to Wall Carpet Laminate Hardwood
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Wood Wood Products
HOA 0
Security Features PartiallyFenced
Year Built 1971
Property SubType Multi-Family
Tax Year 2024
County Pierce
Net Operating Income 285523
Insurance Expense 28542
New Construction N
Property Type Residential Income
Home Owner Assoc N
Subdivision Name Parkland
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions From I5S take exit 127 for WA 512 E. Left on WA 512 E Take the Pacific Ave S Exit.
City Tacoma
View Y/N N
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 51
NumberOfUnitsTotal 36
MLS Area 69 - Parkland
Lot Size Units Square Feet
Lot Size Square Feet 78137
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Terms Cash Out Conventional
Tax Annual Amount 57810
Electric Expense 0
Fuel Expense 0
Public Remarks 36-unit garden-style community is offered to the market for the first time in over 30 years. Property features 22-1BD and 14-2BD units and 51 parking spaces. The property spans four buildings surroun
Leasable Area 26712
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Storage
Units Below Grade false
Units In Building Total 36
Zoning Class Multi-Family Residential
Water Sewer Garbage 40816
Property Style 56 - 10+ Units
Cap Rate 5.74
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Interior
Flooring Engineered Hardwood Laminate Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Total Parking 51
Foundation Details Poured Concrete
Building Area Total 26712
Lot Size Acres 1.7938
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Fenced-Fully
Parking Uncovered Spaces 51
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Internal Only
OriginalMLSID NWM2277492
Street Number 1 219
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* Excluded Features
List By
Nick Hemming

Listing Agent

Paragon Real Estate Advisors

Broker

Affordability Calculator

$34,763
Per Month
86%
14%
0%
Monthly Principal & Interest
$29,945
Monthly Property Taxes
$4,818
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/14/2024$5,000,000 Listed Price

Map


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219 125th Street S, Tacoma, WA, 98444 is a Multi-Family Home for sale at $5,000,000 with 26,712 sqft and a lot size of 1.7938. 219 125th Street S is a studio with 0.0 baths and was built in 1971. The property's zip code is 98444 which is in Tacoma, WA