$2,000,000
Est. $10,166/mo1115 N 12th Street, Tacoma, WA 98403
• Listed 2026-07-14•7 days on market
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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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1115 N 12th Street, Tacoma, WA 98403
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 14, 2026 at 10:36am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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Listed by David A. Kelley • Kidder Mathews
Listing updated: July 14, 2026 at 10:36am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2553708
Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 7 days.
$574,950 Sold
0 days ago
3 bd•1.5 ba•~1,296 sq ft•Single Family
1509 N 6th Street, Tacoma, WA 98403
0%
Over list
—
Days on market
0.5 mi
Distance
$654,500 Sold
1 week ago
3 bd•1 ba•~1,242 sq ft•Single Family
920 N Sheridan Avenue, Tacoma, WA 98403
1%
Over list
—
Days on market
0.2 mi
Distance
$1,650,000 Sold
3 weeks ago
5 bd•3.5 ba•~3,344 sq ft•Single Family
1014 N E Street, Tacoma, WA 98403
3%
Over list
—
Days on market
0.5 mi
Distance
$1,300,000 Sold
3 weeks ago
3 bd•2 ba•~3,480 sq ft•Single Family
2107 N 29th Street, Tacoma, WA 98403
0%
Over list
—
Days on market
0.7 mi
Distance
$705,000 Sold
3 weeks ago
•Single Family
201 N I Street, Tacoma, WA 98403
6%
Under list
—
Days on market
0.7 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
