James & Angie Smith

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Listing provided courtesy of RE/MAX Sound PropertiesNWMLSas Distributed by MLSGrid- MLS# NWM2491440MLS Provider

1134 Fawcett AvenueTacoma, WA 98402

Commercial · 0.21 Acres
$899,950 Active

1134 Fawcett Avenue Overview

Visits:
12

Great investment opportunity in Tacoma’s Downtown Business District. The property includes a 4-plex apartment building and 46 self-storage units. The apartments are consistently easy to rent with very low vacancy, and Unit #1 was remodeled within the last year. Renovate the remaining units to further increase rents and lease up the storage units for additional income, or explore redevelopment options. The site also offers potential for a mixed-use project with commercial space on the ground floor and apartments or condos above, providing strong upside potential. Owner financing available with 25% down, creating a flexible path for investors looking to secure a well-located income property. Endless possibilities in this well-priced commercial location.

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1134 Fawcett Avenue Facts & Features

  • Type Commercial
  • Lot 0.21 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

Income/Expenses

  • Electric Expense: 3800
  • Fuel Expense: 2500
  • Gross Scheduled Income: 72660
  • Insurance Expense: 2750
  • Net Operating Income: 41799
  • Total Expenses: 23595
  • Water/Sewer/Garbage: 2500

Building Information

  • Year Built: 1931

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 30 - Central Tacoma
  • Subdivision Name: New Tacoma

Tax Information

  • Tax Annual Amount: $12,045.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 2011100081
  • Possible Use: Commercial
  • Property Condition: Fair
  • Property Sub Type: Commercial Industrial
  • Property Type: Commercial Sale
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Approximate Building Square Feet: 7250
  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl, Carpet
  • Foundation Details: Poured Concrete
  • Heating: No
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.2094
  • Lot Size Square Feet: 9120
  • Lot Size Units: Square Feet
  • Topography: Sloped
  • Elevation Units: Feet
  • Water Source: Public

Building Exterior/Construction

  • Roof: Flat
  • Structure Type: Unspecified

General Information

  • Carport: No
  • Exterior Features: Stucco
  • Number Of Units Total: 5
  • Sewer: Sewer Connected

Unit Information

Unit 5 Details

  • Actual Rent: 390

Unit 3 Details

  • Unit Type: Residental Lease
  • Actual Rent: 1295

Unit 4 Details

  • Unit Type: Residental Lease
  • Actual Rent: 1370

Unit 1 Details

  • Unit Type: Residental Lease
  • Actual Rent: 1500

Unit 2 Details

  • Unit Type: Residental Lease
  • Actual Rent: 1500

1134 Fawcett Avenue Neighborhood

Community

98402 (Tacoma) Demographics

35
Median Age
5,975
Population Density (per sq. mile)
51%
College Educated
$57,083
Estimated Median Income
755
Estimated Total Home Owners
2,982
Estimated Total Renters
20% / 80%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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.

1134 Fawcett Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1134 Fawcett Avenue Market Data

Based on the last 30 days in this zip code

$476,627
Average List Price
$419
Average Price per Square Foot
4
Properties Sold
72
Average Days on Market
29
Properties for Sale
Calculations provided by Reliance Network

1134 Fawcett Avenue History

Date Event Value Agent
3/15/2026Source: NWMLS Price Reduction
$899,950 -28.0%
3/11/2026Source: NWMLS Added to Database
March 11, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021