Listing provided courtesy of Kidder MathewsNWMLSas Distributed by MLSGrid- MLS# NWM2538763
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Request Info601 S Jackson AvenueTacoma, WA 98465
Multi-Family · 18 Beds · 0.40 Acres$2,800,000
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601 S Jackson Avenue Overview
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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
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601 S Jackson Avenue Facts & Features
- Type Multi-Family
- Lot 0.40 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Tacoma
Income/Expenses
- Other Expense: 25268
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 223518
- Insurance Expense: 8545
- Net Operating Income: 131185
- Total Expenses: 81157
- Total Monthly Income: 18150
- Water/Sewer/Garbage: 18627
Building Information
- New Construction: No
- Year Built: 1955
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 31 - West Tacoma
- Subdivision Name: Narrows
Tax Information
- Tax Annual Amount: $28,717.00
- Tax Year: 2026
General Information
- Listing Terms: Conventional
- Parcel Number: 0220031072
- Possible Use: Multi-Family
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 10600
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 16
- Parking Uncovered Total: 16
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.4017
- Lot Size Square Feet: 17500
- Lot Size Units: Square Feet
- Elevation Units: Feet
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Flat
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Brick
- Number Of Units Total: 12
- Sewer: Sewer Connected
Unit Information
Unit 5 Details
- Actual Rent: 1163
- Beds Total: 2
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1197
- Beds Total: 1
- Baths Total: 1
Unit 9 Details
- Actual Rent: 1197
- Beds Total: 1
- Baths Total: 1
Unit 12 Details
- Actual Rent: 1197
- Beds Total: 1
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1348
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1375
- Beds Total: 2
- Baths Total: 1
Unit 11 Details
- Actual Rent: 1400
- Beds Total: 1
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1497
- Beds Total: 2
- Baths Total: 1
Unit 10 Details
- Actual Rent: 1500
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1695
- Beds Total: 2
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1695
- Beds Total: 2
- Baths Total: 1
Unit 8 Details
- Actual Rent: 1850
- Beds Total: 1
- Baths Total: 1
601 S Jackson Avenue Neighborhood
Community
98465 (Tacoma) Demographics
43
Median Age
2,855
Population Density (per sq. mile)
45%
College Educated
$59,163
Estimated Median Income
1,731
Estimated Total Home Owners
1,486
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.601 S Jackson Avenue Monthly Cost
601 S Jackson Avenue Market Data
Based on the last 30 days in this zip code
$775,185
Average List Price
$360
Average Price per Square Foot
8
Properties Sold
66
Average Days on Market
21
Properties for Sale
601 S Jackson Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/11/2026Source: NWMLS | June 11, 2026 |
|
| 6/20/2022Source: NWMLS | February 18, 2022 |
|
| 3/29/2022Source: NWMLS | Sold |
|
| 2/19/2022Source: NWMLS | Pending |