1208-1316 S 27th St - Apartments FOR SALE


Tacoma, WA 98409- Hilltop | 
$7,450,000 USD
206-999-8767
1208-1316 S 27th St, Tacoma, WA for Sale
$7,450,000 USD
Apartments - FOR SALE
1/23
null | 5.45% Cap Rate

1208-1316 S 27th St
Tacoma, WA 98409
Hilltop


HIGHLIGHTS

  • Established 50-unit multifamily community in Tacoma's Hilltop neighborhood.
  • Surrounded by ongoing neighborhood and corridor redevelopment activity.
  • Convenient access to downtown Tacoma and major employment centers.
  • Call listing broker for more information.

OVERVIEW

Vista Rainier Apartments is a 50-unit multifamily community located at 1208-1316 S 27th Street in Tacoma’s Hilltop neighborhood. The property was built in 1968 and is situated on approximately 4.02 acres, providing a scale that is difficult to replicate in this established urban area. The asset benefits from a location with convenient access to downtown Tacoma, major employment centers, public transportation routes, and regional transportation corridors. Tacoma continues to serve as a key economic hub within the Puget Sound region, supporting demand from a diverse workforce base and expanding residential population. The property's existing occupancy history and established apartment configuration position it as a stabilized multifamily investment opportunity. Investors have the opportunity to acquire a sizeable apartment community in a market characterized by ongoing redevelopment activity and long-term housing demand drivers.

FOR SALE DETAILS

PRICE

$7,450,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

50

PRICE/UNIT

$149,000

CAP RATE

5.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vista Rainier Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

78

LAND DETAILS

LAND ACRES

4.02 AC

LAND SF

175,146 SF

ZONING

R41-stgpd

APN/PARCEL ID

655000-0063,655000-0101

ASK ABOUT THIS PROPERTY

Aimon HeffernanMarcus & MillichapMore Info
206-999-8767

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Aimon HeffernanMarcus & MillichapMore Info
206-999-8767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.