17825 22nd Ave E - Apartments FOR SALE


Tacoma, WA 98445- Frederickson
$5,095,000 USD
206-227-7093
17825 22nd Ave E, Tacoma, WA for Sale
$5,095,000 USD
Apartments - FOR SALE
1/11
null | 5.63% Cap Rate

17825 22nd Ave E
Tacoma, WA 98445
Frederickson


HIGHLIGHTS

  • Built in 2021 with modern finishes, providing a stabilized asset with low maintenance needs and long-term appreciation potential.
  • Large townhome-style units with high-end finishes and garage parking drive strong tenant demand and support premium rental positioning in the Frederic
  • Mix of 2- and 3-story townhomes with condo-ready setup allows continued rental income today and a future exit through individual unit sales.

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire Phase II of the Rainier View Court Townhomes, a 12-unit townhome-style multifamily community completed in 2021 and located at 17821–17825 22nd Ave E in Frederickson, Washington. Tucked behind an established condominium community, the property offers a quiet, residential setting paired with modern construction, upscale finishes, and spacious floor plans that appeal to long-term tenants. Built with longevity in mind and maintained in excellent condition, Rainier View Court provides investors with a stable, low-maintenance asset and a compelling long-term hold opportunity.

FOR SALE DETAILS

PRICE

$5,095,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

12

PRICE/UNIT

$424,583

CAP RATE

5.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rainier View Court Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

NCOR

APN/PARCEL ID

500395-0013

ASK ABOUT THIS PROPERTY

Scott MoraschMarcus & MillichapMore Info
206-227-7093

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Scott MoraschMarcus & MillichapMore Info
206-227-7093

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