Homes for sale - 908 S 5th ST, Tacoma, WA 98405

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John Dirgo Deweese

john@realtyonegroupallstars.com +1(360) 986-5969

Listed by Kidder Mathews David A. Kelley

$1,000,000

Est. payment - /mo

6 Beds

6 Baths

3,000 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Stadium District

MLS Listing ID 2470155

Style 55 - 5-9 Units

Bedrooms 6

Year Built 1910

Annual Tax Amount $12,576

Lot Size 3,000 Sqft

Property Sub-Type Multi Family

Property Description

The Park 5 apartments are a well-located 6-unit apartment building constructed in 1910, offering investors a compelling value-add opportunity in one of Tacoma's most desirable and historically stable submarkets. Significant recent capital improvements have already been completed, substantially reducing new ownerships near-term maintenance risk. Recent upgrades include brand new exterior siding and paint, along with a new roof and new windows, positioning the asset with strong curb appeal and durable long-term appreciation. These improvements allow a new owner to focus capital and effort on interior enhancements rather than major structural or exterior work. The interiors remain in largely original condition, presenting a clear path for modernization through updated finishes and fixtures. Park5 offers meaningful upside potential through a strategic renovation program aimed at driving rental growth. The property benefits from an exceptional location, situated adjacent to Wright Park, one of Tacoma's most iconic green spaces, and just steps from Tacoma General Hospital, one of the region's largest employment hubs. This proximity supports strong tenant demand from healthcare professionals and long-term renters seeking walkability, access to transit, and neighborhood amenities.

Location

State WA

County Pierce

Area 20 - North Tacoma

Interior

Flooring Hardwood

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

New Construction No

Schools

School District Tacoma

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

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"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

SCHOOLS PROPERTIES

Elementary Schools 20

8

Stanley

Public | PK - 5
8

Lowell

Public | KG - 5
6

Franklin

Public | PK - 5
6

Grant

Public | PK - 5
6

Browns Point

Public | KG - 5
5

Lyon

Public | PK - 5
5

Blix Elementary School

Public | PK - 5
5

Bryant

Public | PK - 8
4

Whitman

Public | PK - 5
1

Reed

Public | PK - 5
1

McCarver

Public | PK - 5
0

Hrrs Juan Diego Academy

Private | PK - 8
0

Life Christian School

Private | PK - 12
0

Tacoma Christian Academy

Private | PK - 10
0

Community Montessori

Private | PK - 4
0

Home Based

Public | PK - 12
0

Special Services

Public | PK - 12
0

First Presbyterian Church School

Private | PK - 5
0

St Patrick School

Private | PK - 8
0

Annie Wright Schools

Private | PK - 12

Middle Schools 3

6

Mason

Public | 6 - 8
1

Oakland High School

Public | 8 - 12
1

Jason Lee

Public | 6 - 8

High Schools 15

8

Stadium

Public | 9 - 12
7

Tacoma School of the Arts

Public | 9 - 12
4

Lincoln

Public | 9 - 12
4

Foss

Public | 9 - 12
1

Fresh Start

Public | 9 - 12
0

Wava

Public | 9 - 12
0

Goodwill Ged

Public | 9 - 12
0

Bellarmine Preparatory School

Private | 9 - 12
0

Re-Engagement Center

Public | 9 - 12
0

Bates Technical High School

Public | 9 - 12
0

Tacoma Business Academy

Public | 9 - 12
0

Tacoma Pierce County Education Center

Public | 9 - 12
0

Alternative Spcl Needs Div Occ

Public | 9 - 12
0

Community Based Trans Program

Public | 11 - 12
0

Tcc Fresh Start

Public | 9 - 12

School and business data provided by Attom Data.

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John Dirgo Deweese

+1(360) 986-5969

Designated Broker | License ID: 25033

Designated Broker License ID: 25033

908 S 5th ST Tacoma, WA 98405

John Dirgo Deweese

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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908 S 5th ST