Tacoma, Washington’s Top Neighborhoods for Real Estate Investors
For landlords looking for optimal returns on property investment, Tacoma real estate offers an enticing opportunity. As a dominant property management company in Tacoma, Utopia understands the real estate market with nuance and experience. With a dynamic spread of neighborhoods, a bustling nightlife, and proximity to the major city of Seattle, Tacoma stands out as a lucrative destination for those looking to expand and diversify their real estate portfolio. If you are interested in property in Tacoma, check out a few of these up-and-coming neighborhoods in the area.
6th Ave District
The 6th Avenue District is situated right between downtown Tacoma and the University of Puget Sound making it a great location for students and young professionals. The fun mix of locally owned bars and restaurants, cool shops, and live music venues makes the area a hip place to hang out for both residents and visitors. This area is expected to appreciate in value with the economic and cultural growth of Tacoma.
Hilltop
Historic hilltop has seen great transformation over the years and is known for its diverse culture and tight-knit community. Hilltop attracts tons of creators and performers due to its authentic, energetic and unique flair. One of the most remarkable movements to come out of Hilltop is the Hilltop Artists program, a nonprofit devoted to connecting young people from diverse cultural and economic backgrounds through tuition-free glass art instruction and mentorship.
Stadium District
Property investors will find real estate opportunity in the Stadium District, both residential and commercial. This charming neighborhood is renown for the historic architecture, tree-lined streets, trendy boutiques, hip cafes, and convenient proximity to Downtown Tacoma. This neighborhood would be a great fit for a wide variety of future tenants whether they be a family looking for community or a young professional looking to network and get out to explore the town. The area is also home to the minor league Cheney baseball stadium and the Tacoma Dome which hosts sporting events, concerts and more.
Proctor District
This hidden gem exudes charm and character. With its top-rated schools, eclectic dining options and community-centric vibe, the Proctor District is a desirable investment opportunity for those looking for long-term tenants with families. Proctor offers a small-town feel with its Saturday morning farmer’s markets, walkability, locally-owned businesses and community involvement.
Old Town
Old Town offers a wide array of investment opportunities making it a great location for first time investors. This neighborhood, while in close proximity to downtown and the Stadium district, has its own distinct atmosphere and vibe thanks to its history of being the original Tacoma. This waterfront neighborhood boasts a diverse culinary scene, cool antique stores and art galleries, and unique boutiques. Even new construction in the area promotes sustainable development and preservation of historic buildings in hopes of conserving Old Town’s history and unique charm.
Whether you are a seasoned investor or a first-time landlord, Tacoma is a great investment opportunity for those looking to diversify their portfolio. And with the help of a Tacoma property management company, investment goals can become a reality.
