$4,150,000

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5416 M Tacoma, WA, United States 98408

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.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: MultiFamily
  • Year Built: 1963
  • Built in 1963
  • Home size: 12,672 ft2 / 1,177.26 m2
  • MLS: 2428904
  • Status: Active

Property brokered by

John L. Scott Real Estate - WA/ID/OR/CA

(844) 880-3190

Get more listing details on brokerage site

Presented by Jon Bye

  • (253) 852-9200 (Office Phone)

Contact Jon Bye

Contact Agent

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