908 S 5th Street, Tacoma, WA 98405 (MLS # 2470155)

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Listing provided courtesy of Northwest MLS; Kidder Mathews

PRICE $1,000,000
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 3,002 sqft
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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.

LAST UPDATED 1/20/2026 TRACT Stadium District
YEAR BUILT 1910 COMMUNITY Stadium District
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR None
AREA 20 - North Tacoma
CONSTRUCTION Wood Siding
HEAT Electric, Forced Air
LOT 3001 sq ft
MLS STATUS Active
STORIES 3
STYLE 55 - 5-9 Units
SUBDIVISION Stadium District
TAXES 12576
UTILITIES Sewer Connected

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 1/20/26 5:46 PM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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