Heavy value-add opportunity in Tacoma, WA

Kidder Mathews is pleased to have the exclusive listing for the Harvard Apartments – a 20-unit opportunity offered to the market for the first time in over 50 years.

An exceptional opportunity to acquire a well-built, classic brick apartment building located in the heart of Tacoma, Washington. This asset features durable construction, long-term tenant stability, and significant upside potential through interior renovations. With seller financing available, this offering provides a rare low-barrier of entry into a value-add multifamily investment in one of the Puget Sound region’s most dynamic rental markets.

Consisting of two buildings, 20 -units, and spacious studio and 1-bedroom units - the Harvard apartments boasts open floor plans, updated electrical and plumbing and sits just south of iconic Wright Park. Residents of the Harvard enjoy a private courtyard, excellent walkability, new touch screen coded access and proximity to local transit.

A heavy value add opportunity offered alongside well below market financing - new ownership has the potential to implement a full property reposition plan. With over 35% of the property vacant, investors can seamlessly navigate Tacoma's restrictive tenant relocation laws and begin work on unit remodels day one.

We invite you to review the offering memorandum for the Harvard apartments. Please contact Ausitn Kelley and Ryan Haddock to schedule a tour.