$1,000,000
908 S 5th Street, Tacoma, WA 98405
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908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405
908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405 908 S 5th Street, Tacoma, WA 98405

MLS #2470155 / Listing provided by NWMLS & Kidder Mathews.

$1,000,000

908 S 5th Street
Tacoma, WA 98405

Active 1 day ago
1910
Year Built

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.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Total Uncovered Parking Spaces: 0

Structure

  • Roof: Flat
  • Exterior Features: Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Acres: 0.0689
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Tacoma

Lot Details

  • Acres: 0.0689
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water, Sewer, and Garbage: 7680
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Packy and Kari Rieder

Packy and Kari Rieder
Broker | REALTOR®

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