920 S 9th StreetTacoma, WA 98405Price: $1,450,000

The McIlvaine Apartments is a beautifully preserved eight-unit historic apartment community located in Tacoma's rapidly evolving Hilltop neighborhood. Originally constructed in 1912, this charming wood-frame building showcases timeless architectural character that continues to resonate with today's renters. The asset received its historic designation in 2018 & was added to the Tacoma Register of Historic Places after current ownership performed substantial rehabilitation which exceeded $240,000. The 10-year designation, which began in 2019 & can be extended, grants the property a special tax exemption, which lowers the taxable value by nearly $210,000. Giving a new owner continued savings on operating costs for several years. The property features an attractive unit mix of spacious one- & two-bedroom apartments ranging from approximately 850 to 1,000 sq ft. Each residence highlights the craftsmanship of the early 20th century with original crown molding, hardwood flooring, built-in cabinetry, solid wood doors, arched passageways & elegant columns. While preserving its historic appeal, ownership has thoughtfully modernized the interiors with contemporary finishes, including white shaker cabinetry, quartz countertops, stainless steel appliances, dishwashers & in-unit washers & dryers, creating a highly desirable blend of historic charm & modern convenience. Top floor units additionally feature a small office study room with beautiful regional views that include Mt. Rainier.