7656 Pacific Avenue: A Triple-Threat Investment Opportunity in Tacoma

Unlock an incredible piece of Pacific Northwest history with this 1926 Craftsman Revival. Spanning over 4,400 square feet, this character-rich estate is far more than a home—it is a versatile financial engine.

Situated on a double lot with rare RCX Mixed-Use Zoning, this property offers a “move-in ready” sanctuary while providing endless options for a home business, multi-generational living, or a high-yield rental portfolio.

The Ultimate Financial Advantage: 2.7% Assumable Loan

In today’s market, the most valuable feature of this home isn’t the architecture—it’s the financing. This property features an assumable 2.7% interest rate loan available for both VA and non-VA buyers.

This rare opportunity could save the next owner thousands of dollars in monthly mortgage payments compared to current market rates.

Property Specifications

• Price: $849,999

• Living Area: 4,446 sq. ft.

• Bedrooms: 7

• Bathrooms: 3

• Lot Size: 0.26 Acres (Double Lot)

• Zoning: RCX (Mixed-Use)

Three Levels of Living: The Floor-by-Floor Breakdown

Each level of this Craftsman masterpiece features private access, making it perfectly suited for independent living units or a live-work setup.

1. Main Level: Period Elegance

The heart of the home showcases museum-quality 1920s details:

• Historic Charm: Leaded-glass built-ins, French doors, and original oak hardwood floors.

• Grand Spaces: 3 spacious bedrooms and a sunroom that flows effortlessly from the dining area.

• Details: Crystal light fixtures and stunning fireplaces that serve as the focal point of the living space.

2. Upper Level: Flexible Income Potential

Accessed privately, the second floor features:

• Living Suite: 2 bedrooms, a full living room, and its own dedicated kitchen.

• Office Space: An additional bonus room/office, perfect for the modern remote professional or a small business headquarters.

3. Lower Level: The Garden Suite

The fully finished lower level is a powerhouse of utility:

• Fully Equipped: 2 bedrooms, a third kitchen, living room, and a 3/4 bath.

• Storage: Large flex spaces and laundry facilities, ideal for long-term tenants or extended family.

RCX Zoning & ADU Potential

The 0.26-acre double lot is fully fenced and offers a level of development potential rarely found in Tacoma:

• Mixed-Use (RCX): This zoning allows for residential and certain commercial uses—ideal for an boutique office, salon, or professional consultancy.

• The Garage/ADU: The existing garage is a prime candidate for an Accessory Dwelling Unit (ADU) conversion, which could add a fourth income stream to the property.

• Parking: Ample on-site parking ensures convenience for tenants, clients, or large families.

Location: The Pulse of Tacoma

Located on Pacific Avenue, you are positioned in a high-visibility, high-access corridor:

• Commuting: Easy access to I-5 and downtown Tacoma’s tech and medical hubs.

• Recreation: Minutes from local parks, Puget Sound waterfront, and Tacoma’s vibrant culinary scene.

• Peace of Mind: The home comes pre-inspected, ensuring a smooth and transparent transaction for the next steward of this 1926 gem

From Zillow