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Ardivus Brivity

Sooper Dooper Guy | Template Draper

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1115 N 12th St , Tacoma, WA 98403
$2,000,000
Est. Payment: $10,052.14/mo
12 Bed
10 Bath
6325 Sqft
Status: active | Days on site: 8
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Ardivus Brivity
Sooper Dooper Guy
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House 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.
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Highlights

Listed by David A. Kelley , 360-705-2800 Kidder Mathews , 360-705-2800. Northwest Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.29

Year Built

1954

County

Pierce

Area

13 - North Tacoma

 Neighborhood

North Tacoma

 School District

Tacoma

Listing ID

2553708

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:12
  • ▪ Bathrooms:10
  • ▪ Full Bathrooms:
Floor:Vinyl Plank

Exterior Features

Lot:Zoning: Multi-Family
Garage Capacity:4
Zoning:Multi-Family
Roof:Flat
Others:Cement Planked,Good
Sewer:Sewer Connected
Principal Interest
$10,052
Taxes
$1,321

Home Price

$2,000,000

Loan Details

30 yrs
6.442%

Down Payment

20%
$400,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,052.14

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,052.14 $1,320.50 $0.00 $11,372.64
Yearly $120,625.63 $15,846.00 $0.00 $136,471.63
Total $3,618,768.87 $475,380.00 $0.00 $4,094,148.87
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Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Tacoma, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
The three tree icon represents listings courtesy of NWMLS. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data last updated: 2026-07-22T04:48:12.000Z

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