7603 Pacific Avenue, Tacoma, WA, 98408
About This Home
Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor, well suited for an investor focused on renovation completion, lease-up, and long-term income growth. The property consists of three buildings totaling 21 units. The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with additional units in various stages of renovation. A new roof has been installed on the south portion of the property. The third building is a three-story structure built in 1989 with nine spacious two-bedroom units. The property offers on-site laundry and ample parking and is conveniently located near retail, dining, transit, and daily services.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1989
Materials
- Foundation: Poured Concrete
- Roof: Composition,Torch Down
- Construction materials: Wood Products
Notable Dates
- Major remodel year: 2002
Type & Style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 30
- Bathrooms: 21
Features
- Flooring: Vinyl,Carpet
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None
Interior Area
- Total structure area: 14,063
- Total interior livable area: 14,063 sqft
Property
Details
- Parcel number: 785000660
- Zoning description: Multi-Family,Jurisdiction: City
- Special condition: Standard
Lot
- Lot size: 0.81 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $16,681 | $200,172 |
| Home Insurance * | $968 | $11,616 |
| Property Taxes | $2,870 | $34,440 |
| Electricity | $961 | $11,543 |
| Total | $21,480 | $257,760 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-15 | Listed for sale | $3,449,000 |
| 2025-12-21 | Listing removed | $3,499,000 |
| 2025-11-19 | Price change | $3,499,000 |
| 2025-10-29 | Price change | $3,700,000 |
| 2025-08-01 | Listed for sale | $3,800,000 |
| 2025-07-23 | Listing removed | $3,800,000 |
| 2025-06-21 | Listed for sale | $3,800,000 |
| 2023-04-17 | Listing removed | -- |
| 2023-03-31 | Listed for sale | $3,600,000 |
| 2021-12-20 | Sold | $2,450,000 |
| 2021-10-23 | Pending sale | $2,800,000 |
| 2021-10-21 | Listed for sale | $2,800,000 |
| 2021-10-09 | Pending sale | $2,800,000 |
| 2014-08-15 | Sold | $1,051,719 |
| 2003-07-25 | Sold | $905,000 |
| 1999-03-01 | Sold | $686,405 |
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