908 S 5th St

Tacoma, WA 98405

$1,000,000
Price
6
Beds
6
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a front view of a house with garden
a picture of city view
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor and a window
a kitchen with white cabinets and sink
a bathroom with a sink a toilet and shower
Listing provided courtesy of Kidder Mathews

Description

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...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.
  1. Listed by David A. Kelley • Kidder Mathews

Property Details for 908 South 5th Street

Community Name
Stadium District
School District
Tacoma
Total Covered Parking
0
Entry Date
01-20-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/20/2026 11:58 AM

Property Details for 908 South 5th Street

StatusActive
MLS #2470155
Days on Market5
Cumulative Days on Market5
Taxes$12,576 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
Lot Size0.07 AC / 3,000 SF
CountyPierce County

Location

Listing Courtesy of Kidder Mathews
Add your commute

Building Information for 908 South 5th Street

Stories3Residences6Year Built1910Building Size-Lot Size0.07 AC / 3,000 SF

Payment Calculator

$5,922 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,874

Property Taxes

$1,048

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 908 South 5th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 20 - North Tacoma
  • Effective Year Built Source: Public Records
  • Directions: Take I-5 S to I-705 N in Tacoma // Continue on I-705 N. Take S Stadium Way, S 4th St, Tacoma Ave S and S 6th Ave to S 5th St
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Wood Products
  • Roof: Flat
Property
Utilities
  • Water/Sewer/Garbage: 7680
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • First Right Of Refusal: false
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1999
  • Photos Count: 6
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 2005180010
  • Building Condition: Good
  • Calculated Square Footage: 0
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 0.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 31458
  • Gross Adjusted Income: 76266
  • Gross Rent Multiplier: 12.4
  • Gross Scheduled Income: $80,280
  • Insurance Expense: $4,680
  • Net Operating Income: $44,806
  • Other Expenses: $6,522
  • Total Monthly Income: 6690
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 800
  • Rent Unit 1: $1,000.00
  • Bedrooms Unit 1: 1
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 800
  • Rent Unit 2: $1,100.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 800
  • Rent Unit 3: $1,200.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 800
  • Rent Unit 4: $1,200.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Square Feet Unit 5: 800
  • Rent Unit 5: $1,200.00
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Square Feet Unit 6: 800
  • Rent Unit 6: $890.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4800.0

Property History for 908 South 5th Street

DateEvent & SourcePriceAppreciation
Jan 20, 2026

Listed (Active)

NWMLS #2470155

$1,000,000—
DateEvent & SourcePrice
01/20/2026

Listed (Active)

NWMLS #2470155

$1,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 908 South 5th Street

Taxable ValueLand$247,300Additions$909,500Total$1,156,800
Tax Record2025$12,577 ($1,048 / month)
Home Facts
Total Finished SqFt5,140 SqFtAbove Ground SqFt5,140 SqFtUnfinished Basement Area400 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated1999ZoningHMCountyPIERCEAPN2005180010

Schools near 908 South 5th Street

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Edna Travis Elementary
Public - PK to 5
Hilltop Heritage Middle School
Public - 6 to 8
Stadium High School
Public - 9 to 12
Tacoma Online Elementary School
Public - K to 5
Rating
School
Distance
Edna Travis Elementary
PublicPK to 5

Hilltop Heritage Middle School
Public6 to 8

Stadium High School
Public9 to 12

Tacoma Online Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 908 South 5th Street, Tacoma, WA 98405

908 South 5th Street is a multi-family home for sale in Tacoma, WA 98405. This property was listed for sale on January 20, 2026 by Kidder Mathews, it's currently listed at $1,000,000. This listing's school district is Tacoma School District. Nearby schools include Edna Travis Elementary, Hilltop Heritage Middle School and Stadium High School. 908 South 5th Street is a 6-bed, 6-bath, multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/25/2026 06:27 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.