Homes for sale - 5416 S M ST, Tacoma, WA 98408

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Stacie Haworth

stacie@haworthconsulting.com +1(425) 600-9276

Listed by John L. Scott, Inc

$ 4,150,000

Est. payment | -/mo

6 Baths

12,672 SqFt

Save

$ 4,150,000

Est. payment | -/mo

Save

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.

GET MORE INFORMATION

Stacie Haworth

Broker-Associate | Lic# 22024046

stacie@haworthconsulting.com

+1(425) 600-9276

PO Box 372 8050 Mukilteo Speedway, Mukilteo, WA, 98275, USA

5416 S M ST Tacoma, WA 98408

Stacie Haworth

Key Details

Location

Interior

Exterior

Building

Schools

Others

5416 S M ST