The McIlvaine Apartments is a piece of Tacomas history. The property consists of a manageable 8-unit community paired withample land for future development. The McIlvaine pairs modern finishes with old charm, boasting original molding, grand columns, built in cabinetry, arched walkways, original old growth wood flooring and tall window bays. Each unit features quartz countertops, new kitchen cabinet packages including stainless steel appliances, dishwashers, new lighting throughout, updated plumbing & electrical systems, stackable washer/dryer units in every unit. These upgrades to large 850-1, 000SF floorplans appeal to a renter demographic that is robust in the area.
Property Features
Interior Features
- Hardwood
- Flooring: Hardwood
Heating and Cooling
- Heating Features: Baseboard
- Heating Fuel: Electric
- Heating: Yes
Exterior and Lot Features
Land Info
- Lot Description: Corner Lot, Curbs, Sidewalk
- Lot Size Acres: 0.0985537
- Lot Size Square Feet: 4293
Garage and Parking
Rental Info
- Gross Scheduled Income: 166320
- Leasable Area: 7850
- Leasable Area Units: Square Feet
School Information
- High School District: Tacoma
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 2
- Bedrooms in Unit-6: 2
- Bedrooms in Unit-7: 2
- Bedrooms in Unit-8: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Total Bathrooms in Unit-7: 1
- Total Bathrooms in Unit-8: 1
- Unit-1 Description: 1
- Unit-2 Description: 2
- Unit-3 Description: 3
- Unit-4 Description: 4
- Unit-5 Description: 5
- Unit-6 Description: 6
- Unit-7 Description: 7
- Unit-8 Description: 8
- Unit-1 Square Feet: 850
- Unit-2 Square Feet: 1000
- Unit-3 Square Feet: 1000
- Unit-4 Square Feet: 1000
- Unit-5 Square Feet: 1000
- Unit-6 Square Feet: 1000
- Unit-7 Square Feet: 1000
- Unit-8 Square Feet: 1000
- Unit 1 Total Actual Rent: 1295
- Unit 2 Total Actual Rent: 1795
- Unit 3 Total Actual Rent: 1795
- Unit 4 Total Actual Rent: 1795
- Unit 5 Total Actual Rent: 1795
- Unit 6 Total Actual Rent: 1795
- Unit 7 Total Actual Rent: 1795
- Unit 8 Total Actual Rent: 1795
Other Property Info
- Annual Tax Amount: 14516
- Source Listing Status: Active
- Country Region: US
- County: Pierce
- Cap Rate: 6.54
- Directions: From I-705 N, left onto Commerce St, Right onto 9th St, Building on Left
- Tax Year: 2024
- Other Expense: 19573
- Source Property Type: Multi-Family
- Insurance Expense: 7502
- Area: 29 - Central Tacoma
- List Development Name: Tacoma
- Source Neighborhood: Tacoma
- Parcel Number: 200919-001-2
- Subdivision: Tacoma
- Source System Name: C2C
- Buyer Agent Commission: 2.5
Commercial Info
- Net Operating Income: 101338
- Operating Expense: 56666
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
Building and Construction
- Building Area Total: 8100
- Building Area Units: Square Feet
- Building Name: McIlvaine Apartments
- Living Area Units: Square Feet
- Property Age: 112
- Roof: Flat
- Building Total Stories: 3
- Structure Type: Multi Family
- House Style: 5-9 Units
- Elevation Units: Feet
