Map of Property

15 N Tacoma Ave

15 N Tacoma Ave, Tacoma, WA 98403

  • For Sale $4,600,000
  • Property Type Multi-Family
  • Property Size 19,528 SF
  • Units 28
  • Cap Rate % 8.5
  • Additional Rent Contact for pricing
  • Date Updated Sep 18, 2024

A 28-unit heavy value-add opportunity located in the highly sought-after Stadium district of Tacoma.

Kidder Mathew is pleased to have the exclusive listing for The Ambassador Apartments - a one-of-a-kind, trophy asset located in the heart of Tacoma.

Built in 1925 and offered for sale for the first time in over 50 years, The Ambassador Apartments represent quintessential Tacoma roots and have been a flagship asset in the area since its construction nearly 100 years ago. A five-story 28-unit community holding a mix of studio, 1-bedroom, and 2-bedroom homes, the Ambassador offers new ownership a truly unique investment opportunity with tremendous untapped income potential. Periodically updated with new flooring, appliances, and fixtures – all 28 units can support a massive cosmetic remodel. Primed for modern upgrades, the Ambassador could achieve rental increases of over 50% of in-place income. Current rents average $1,100 per unit with limited utility recapture and additional fees being implemented. Residents of the Ambassador enjoy water views, unrivaled walkability to neighboring retail and grocery, and excellent freeway access near the corner of Stadium Way and Division Ave. With historic occupancy near 98%, this flagship asset will continue to benefit from its Class A location, walkability, and proximity to local transit. We invite you to review the offering memorandum for The Ambassador Apartments. Please contact Austin Kelley and Ted Sipila to schedule a tour.

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Contacts

broker

Austin Kelley Is this you?

Kidder Mathews

broker

Ted Sipila Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Tacoma, WA
  • Neighborhood New Tacoma
  • Zip Code 98403
  • Market Seattle

Points of Interest

  • Stadium District

    0.07 miles

  • S 4th

    0.32 miles

  • Tacoma General

    0.41 miles

  • Old City Hall

    0.58 miles

  • 6th Ave

    0.58 miles

  • Hilltop District

    0.90 miles

  • Theater District

    0.91 miles

  • Convention Center

    1.12 miles

  • Convention Center/South 15th Street

    1.12 miles

  • St Joseph

    1.35 miles

  • Ball Auto

    0.09 miles

  • Shell

    0.18 miles

  • Main Street Grocery

    0.76 miles

  • ChargePoint

    1.14 miles

  • FLO

    1.18 miles

  • ARCO

    1.20 miles

  • Spirit

    1.35 miles

  • 7-Eleven

    1.53 miles

  • Chevron

    1.87 miles

  • Pacific Pride

    2.00 miles

  • Staff

    0.09 miles

  • J Street Parking Garage

    0.34 miles

  • Baker Center Parking Garage

    0.50 miles

  • 5th Street Parking Garage

    0.50 miles

  • Parking Garage

    0.73 miles

  • Market Street

    0.73 miles

  • Rialto Garage

    0.74 miles

  • Tacoma Rhodes Center Parking

    0.78 miles

  • Park Plaza North

    0.80 miles

  • Market Street Public Parking

    0.95 miles

  • Hotel Murano

    1.03 miles

  • 6th Avenue Goddess Short Term Rentls

    1.07 miles

  • Courtyard Marriott - Tacoma Downtown

    1.19 miles

  • Marriott Tacoma Downtown

    1.24 miles

  • Silver Cloud Inn

    1.25 miles

  • Holiday Inn Express & Suites Tacoma Downtown

    1.58 miles

  • Best Western Tacoma Dome Hotel

    2.04 miles

  • Tacoma Center Motel

    2.16 miles

  • La Quinta Inn & Suites Tacoma - Seattle

    2.38 miles

  • Emerald Queen Casino Hotel

    2.69 miles

  • Powder Room

    0.02 miles

  • Salamone’s Pizza

    0.04 miles

  • Indo Asian Street Eatery

    0.07 miles

  • Moshi Moshi

    0.07 miles

  • Rhein Haus Tacoma

    0.08 miles

  • Jimmy John's

    0.09 miles

  • Shake Shake Shake

    0.10 miles

  • Poquitos

    0.10 miles

  • manuscript

    0.19 miles

  • Burger Bar

    0.20 miles

  • Open Arts Studio

    0.07 miles

  • Stadium High School

    0.16 miles

  • Central Luthern Christian School

    0.27 miles

  • Gwen E Johnson School of Learning

    0.29 miles

  • Evergreen State College

    0.64 miles

  • Annie Wright School

    0.65 miles

  • Kindermusik

    0.67 miles

  • Seabury School

    0.77 miles

  • Annie Wright Schools

    0.79 miles

  • Saint Patrick Catholic School

    0.80 miles

  • First Presbyterian Preschool

    0.06 miles

  • New Adventures Childrens Center

    0.59 miles

  • Tacoma Daycare & Preschool

    0.88 miles

  • North Tacoma Cooperative Preschool

    1.82 miles

  • Alphabet Preschool

    2.44 miles

  • KinderCare

    3.74 miles

  • Brown's Point KinderCare

    3.78 miles

  • Kid's Country Learning Center

    3.99 miles

  • Achievement Center Preschool & Daycare

    4.28 miles

  • Children's Castle

    4.83 miles

Frequently Asked Questions

How much does 15 N Tacoma Ave cost?

The space currently listed for sale at 15 N Tacoma Ave asks for $4,600,000.

What is the total square footage of 15 N Tacoma Ave?

15 N Tacoma Ave totals 19,528 square feet.

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