Tacoma, WA 98405,908 S 5th ST
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Tacoma, WA 98405,908 S 5th ST
Tacoma, WA 98405,908 S 5th ST
Tacoma, WA 98405,908 S 5th ST
Tacoma, WA 98405,908 S 5th ST
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Shannon Shaffer

Shannon Shaffer

+1(408) 218-3268
Listed by Kidder Mathews David A. Kelley 
$ 1,000,000
Est. payment /mo
Save
New

908 S 5th ST Tacoma, WA 98405

6 Beds

6 Baths

3,000 Sqft Lot

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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

SCHOOLSPROPERTIES
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.
Shannon Shaffer
Shannon Shaffer

+1(408) 218-3268 | shannon@livingsouthsound.com

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