$1,750,000
Est. $9,484/mo5,505 sq ft
1207 Altheimer Street, Tacoma, WA 98405
• Listed Nov 6, 2026•3 days active · 3 cumulative
Listing Broker: Keasy Property Management; Liat Arama; 425-786-7542; broker@keasy.ai
Talk to a local RexMont expert
A local broker replies within minutes
Listing Broker: Keasy Property Management; Liat Arama; 425-786-7542; broker@keasy.ai
About this home
Ten-unit multifamily opportunity directly across from Bates Technical College’s Downtown Campus in Tacoma. Six one-bedroom apartments and four studios, with substantial updates completed in December 2018 across all units, including building replumbing and rewiring. Proximity to UW Tacoma and St. Joseph Medical Center, with Tacoma General Hospital and Mary Bridge Children’s Hospital also nearby. Convenient access to Wright Park, downtown dining, the Theater District, Tacoma Art Museum and Children’s Museum of Tacoma. Nearby campus investment includes Bates’ $43.7 million Center for Allied Health Education, opened in 2022. On-site laundry and limited off-street parking add everyday convenience. Located within a designated Qualified Opportunity Zone; buyer to verify eligibility for any associated tax benefits with their tax advisor.
Listed by Liat Arama • Keasy Property Management
Listing updated: November 6, 2026 at 11:43am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2594907
Around this home
How much should you offer?
1207 Altheimer Street, Tacoma, WA 98405
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 10+ Units
Flooring
- Laminate
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDigger- Edna Travis Elementary SchoolPublic · Grades PK-5 · 0.7 mi · State rank 1,101 of 1,1381/10
- Bryant Montessori Middle SchoolPublic · Grades 6-8 · 0.8 mi · State rank 283 of 5144/10
- Bates Technical High SchoolPublic · Grades 9-12 · 0.1 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 10
- Units in building
- 10
- Units below grade
- false
- Building square feet
- 5,505 sq ft
Income & expenses
- Gross scheduled income
- $152,724
- Total monthly income
- $12,727
- Gross adjusted income
- $137,451
- Net operating income
- $98,844
- Cap rate
- 5.65%
- Gross rent multiplier
- 11.46
- Vacancy rate
- 10%
- Total expenses
- $38,607
- Insurance
- $5,205
- Electric
- $2,809
- Water / sewer / garbage paid by
- 11050
Parking & storage
- Parking spaces
- 4
- Uncovered parking
- 4
Taxes & assessment
- Annual taxes
- $19,543
- Tax year
- 2026
- Financing
- Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1207 Altheimer Street
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Nov 6, 2026ListedNWMLS via MLS Grid · #2594907$1,750,000$318/sq ft
- Mar 23, 2018SoldNWMLS via MLS Grid · #1231714$895,000$163/sq ft
- Jan 17, 2018PendingNWMLS via MLS Grid · #1231714$895,000$163/sq ft
- Jan 8, 2018ListedNWMLS via MLS Grid · #1231714$895,000$163/sq ft
- Mar 2, 2004SoldNWMLS via MLS Grid · #23149186$302,000$55/sq ft
- Jan 13, 2004PendingNWMLS via MLS Grid · #23149186$300,000$54/sq ft
Mortgage payment forecast
$11,551 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Keasy Property Management; Liat Arama; 425-786-7542; broker@keasy.ai
Market pulse
Tacoma is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 68 days.
Recent sales nearby
Within 1 mile · last 6 months$395,000 Sold
5 days ago
3 bd•1.75 ba•~1,617 sq ft•Single Family
1702 S Ainsworth Avenue, Tacoma, WA 98405
0%
Over list
55
Days on market
0.7 mi
Distance
$489,999 Sold
6 days ago
4 bd•1.75 ba•~1,664 sq ft•Single Family
2340 S M Street, Tacoma, WA 98405
1%
Over list
54
Days on market
1.0 mi
Distance
$450,000 Sold
1 week ago
•Single Family
817 S 13th street, Tacoma, WA 98405
10%
Under list
74
Days on market
0.2 mi
Distance
$424,000 Sold
2 weeks ago
2 bd•1.5 ba•~1,016 sq ft•Single Family
1717 S 17th Street, Tacoma, WA 98405
0%
Over list
39
Days on market
0.8 mi
Distance
$600,000 Sold
3 weeks ago
•Single Family
1216 S 4th Street, Tacoma, WA 98405
2%
Under list
57
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 Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 10:58 AM PT (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.
Some IDX listings have been excluded from this website.
© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
