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Listed by John L. Scott, Inc
$ 4,150,000
Est. payment | /mo
6 Baths
12,672 SqFt
$ 4,150,000
Est. payment | /mo
6 Baths
12,672 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,672 sqft
Price per Sqft $327
Subdivision South Tacoma
MLS Listing ID 2428904
Style 56 - 10+ Units
Year Built 1963
Annual Tax Amount $38,845
Lot Size 0.336 Acres
Property Sub-Type Multi Family
Property Description
White Rock Apartments is a fully renovated 30-unit community in Tacoma, WA, offering modern studio units with high-quality finishes and strong tenant appeal. Renovations completed between 2022 and 2025 include upgraded interiors and exteriors, while community amenities feature laundry facilities, parking, and potential storage income. With an in-place 5.85% cap rate, attractive financing options, and upside through rent adjustments and operational improvements, the property provides investors a rare opportunity to achieve projected stabilized returns of 7.87% in a high-demand, affordable Puget Sound market. Located in Tacoma's South End, an up-and-coming neighborhood where affordability meets everyday convenience.
Location
State WA
County Pierce
Area 51 - South Tacoma
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Flat
Building
Lot Description Curbs, Paved, Sidewalk
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional
Listing Terms Cash Out, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.