Map of Property

The Granada

1224 South Yakima Avenue, Tacoma, WA 98405

  • For Sale $3,500,000
  • Property Type Multi-Family
  • Property Size 20,544 SF
  • Units 32
  • Lot Size 6,500 SF
  • Year Built 1924
  • Year Renovated 1980
  • Date Updated Jun 24, 2025

Kidder Mathews is pleased to have the exclusive listing for the Granada Apartments – a fully stabilized property offering located in Tacoma, WA. Conveniently located nearby brand-new local transit, schools and rapidly expanding job opportunities - the property is well positioned to benefit from Tacoma’s continued economic growth, net positive population growth and lack of comparable supply. The Granada Apartments supports a diversified unit mix, updated property systems and well-maintained grounds. This investment opportunity has recently undergone a complete reposition program that includes full interior and exterior remodel work on 100% of its units. Investors can find immense value in this offering in purchasing well below replacement cost, turnkey products providing consistent and predictable returns, as well as extremely limited capital expenditure for years to come. 

Price/Unit $109,375.00

Average Unit SF 642

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Contacts

broker
Austin Kelley Is this you?

Kidder Mathews

broker
JD Fuller Is this you?

Kidder Mathews

broker
Dylan Simon Is this you?

Kidder Mathews

Location

Getting Around

  • Walk Score ®

    89/100 Very Walkable

  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Tacoma, WA
  • Neighborhood New Tacoma
  • Zip Code 98405
  • Market Seattle

Points of Interest

  • Hilltop District

    0.22 miles

  • St Joseph

    0.40 miles

  • Saint Joseph

    0.40 miles

  • Theater District

    0.41 miles

  • Convention Center

    0.42 miles

  • Convention Center/South 15th Street

    0.42 miles

  • 6th Ave

    0.51 miles

  • Old City Hall

    0.60 miles

  • Union Station

    0.64 miles

  • Union Station/South 19th Street

    0.64 miles

  • Main Street Grocery

    0.32 miles

  • ARCO

    0.72 miles

  • Shell

    0.76 miles

  • Spirit

    0.93 miles

  • Ball Auto

    0.99 miles

  • Chevron

    1.00 miles

  • 7-Eleven

    1.04 miles

  • Pacific Pride

    1.55 miles

  • Electrify America

    1.71 miles

  • ChargePoint

    1.90 miles

  • Parking Garage

    0.24 miles

  • Market Street Public Parking

    0.32 miles

  • Tacoma Rhodes Center Parking

    0.34 miles

  • Hotel Murano Hotel & Pavilion Parking

    0.34 miles

  • Market Street

    0.37 miles

  • Rialto Garage

    0.40 miles

  • Greater Tacoma Convention Center Parking Garage

    0.41 miles

  • Umpqua Bank #130-93

    0.43 miles

  • Park Plaza North

    0.46 miles

  • 5th Street Parking Garage

    0.55 miles

  • Hotel Murano

    0.33 miles

  • Marriott Tacoma Downtown

    0.44 miles

  • Courtyard Marriott - Tacoma Downtown

    0.46 miles

  • Holiday Inn Express & Suites Tacoma Downtown

    0.70 miles

  • 6th Avenue Goddess Short Term Rentls

    0.96 miles

  • Best Western Tacoma Dome Hotel

    1.27 miles

  • Tacoma Center Motel

    1.59 miles

  • La Quinta Inn & Suites Tacoma - Seattle

    1.81 miles

  • Silver Cloud Inn

    2.03 miles

  • Emerald Queen Casino Hotel

    2.13 miles

  • Bob's BBQ

    0.17 miles

  • Quickie Too

    0.21 miles

  • Tower Coffee Bar And Grill

    0.21 miles

  • Honey at Alma Mater

    0.22 miles

  • Pho King

    0.26 miles

  • McDonald's

    0.33 miles

  • Mexico Magico

    0.36 miles

  • Steel Creek Country Bar & Steakhouse

    0.37 miles

  • Galanga Thai Cuisine

    0.38 miles

  • Dunagan Brewing Co.

    0.39 miles

  • Bates Technical College Down Campus

    0.08 miles

  • Community Montessori

    0.13 miles

  • City University of Seattle

    0.37 miles

  • Annie Wright Schools

    0.41 miles

  • Seabury School

    0.42 miles

  • Northwest College of Art and Design

    0.43 miles

  • Tacoma School of the Arts

    0.44 miles

  • Kindermusik

    0.47 miles

  • Evergreen State College

    0.54 miles

  • University of Washington Tacoma

    0.54 miles

  • Tacoma Daycare & Preschool

    0.10 miles

  • New Adventures Childrens Center

    0.72 miles

  • First Presbyterian Preschool

    0.91 miles

  • Alphabet Preschool

    1.59 miles

  • North Tacoma Cooperative Preschool

    2.32 miles

  • KinderCare

    3.69 miles

  • Kid's Country Learning Center

    3.79 miles

  • Achievement Center Preschool & Daycare

    3.97 miles

  • Brown's Point KinderCare

    4.39 miles

  • Children's Castle

    4.44 miles

Frequently Asked Questions

How much does The Granada cost?

The space currently listed for sale at The Granada asks for $3,500,000.

What is the total square footage of The Granada?

The Granada totals 20,544 square feet.

When was this property built?

The Granada was built in 1924.

Looking for more in-depth information on this property?

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Contact The Granada
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