Provided by NWMLS, Listed by Paragon Real Estate Advisors

Active

219 125th Street S

Tacoma WA, 98444

$5,000,000


$187.18 per sqft

Active

26,712 sqft

Multi-family

Built in 1971

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.

2277492

MLS ID

August 14, 2024

Listed

September 13, 2024

Updated

Map

219 125th Street S
Tacoma WA, 98444

Interior Features

Total Stories

2


Interior Features

Wall to Wall Carpet, Laminate Hardwood


Floor Description

Engineered Hardwood, Laminate, Vinyl Plank, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard

Exterior/Building Features

Lot Size

1.79 Acres


Exterior Features

Wood, Wood Products


Roof

Composition


Sewer

Sewer Connected

School Information

School District

Tacoma

Other Property Details

Area Name

69 - Parkland


Taxes

$57,810


Tax Frequency

Annually


Garage

No


Parking Total

51


View

No


County

Pierce


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/16/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/16/2024 at 6:00 PM UTC . 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.

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Data last updated on 9/16/2024 at 6:00 PM UTC 

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