MLS #2538763 / Listing provided by NWMLS & Kidder Mathews.
$2,800,000
601 S Jackson Avenue
Tacoma,
WA
98465
Year Built
Built in 1959 and representing the quintessential Tacoma brick construction, Viewcrest Terrace Apartments is a meticulously maintained asset that has stood the test of time - both in physical condition and locational relevance. The property sits on the corner of Tacoma's prominent 6th Avenue corridor and S Jackson Avenue, offering residents sweeping views of Puget Sound and the Narrows Bridge from one of the most coveted residential locations in the city. Despite its premier positioning, the property presents a compelling light value-add opportunity with approximately $4,000 per month in unrealized rental upside between current in-place rents and market rates. A targeted interior modernization program focused on updated finishes, fixtures, and unit upgrades provides a clear and executable path to capturing meaningful rent premiums — without the need for significant structural or exterior capital investment. The building's exceptional physical condition allows a new owner to focus exclusively on value creation rather than deferred maintenance
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 0
- Parking Total: 16
- Total Uncovered Parking Spaces: 16
Structure
- Roof: Flat
- Exterior Features: Brick
- Foundation: Poured Concrete
Lot Details
- Acres: 0.4017
- Foundation: Poured Concrete
Schools
- High School District: Tacoma
Lot Details
- Acres: 0.4017
- Foundation: Poured Concrete
Power
- Energy Source: Electric
- Power Company: Kidder Mathews
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 18627
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