North End

Tacoma's premier established area - historic homes, waterfront views near Point Defiance Park, and top schools, drawing higher-income families for stable, low-turnover long-term rentals.

The highest entry in the city and thin yields; older homes need upkeep. Washington's no income tax helps, but budget for the state's tenant-friendly framework. An appreciation-and-preservation play.

High-capital appreciation buyers who prioritize prestige, waterfront proximity, and capital preservation over cash flow.