2301 S 74th St - Multi-Family FOR SALE


Tacoma, WA 98409- South Tacoma
$3,750,000 USD
360-771-0010
2301 S 74th St, Tacoma, WA for Sale
$3,750,000 USD
Multi-Family - FOR SALE
1/31
null | 5.87% Cap Rate

2301 S 74th St
Tacoma, WA 98409
South Tacoma


HIGHLIGHTS

  • Professionally maintained 21-unit apartment community in Tacoma, WA with strong historical occupancy and tenant retention
  • Mix of one- and two-bedroom floorplans with spacious layouts compared to competing Tacoma inventory
  • Majority of units are two-bedroom units
  • Additional space to add another apartment unit once laundry is added to remaining units (buyer to verify)
  • Half of the units have already upgraded with modern interior finishes and in-unit washer and dryer, supporting immediate revenue lift
  • Remaining classic units offer a straightforward renovation path to capture rent increases through continued modernization

OVERVIEW

Paragon Real Estate Advisors is pleased to present Sunset Court Apartments, a well-maintained 21-unit multifamily investment located at 2301 S 74th St, Tacoma WA 98409. Positioned in a central Tacoma location with immediate access to I-5, Downtown Tacoma, and neighboring cities, the property is ideally situated to capture strong renter demand in one of Pierce County’s most active rental corridors. Built in 1972, Sunset Court features an attractive mix of spacious one- and two-bedroom apartments with functional layouts. Half of the units have already been upgraded with modern interior finishes and the addition of in-unit washer and dryer. The remaining classic units provide a clear and immediate path for renovation and rent growth under new ownership. With current rents below market for comparable units in Tacoma, revenue can be further enhanced through continued interior improvements and operational efficiencies. The property offers ample on-site parking, landscaped outdoor space, and multiple avenues to drive additional income and long-term value. A tenant’s desirable location near major employment centers, proven performance, and multiple avenues for income enhancement, Sunset Court Apartments represents a compelling opportunity to acquire a well-positioned asset with strong long-term value potential in a growing Pierce County apartment market.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

21

PRICE/UNIT

$178,571

CAP RATE

5.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Court Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

32,000 SF

ZONING

UR3

APN/PARCEL ID

032030-4070

ASK ABOUT THIS PROPERTY

Tanner FogleParagon Real Estate AdvisorsMore Info
360-771-0010

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Tanner FogleParagon Real Estate AdvisorsMore Info
360-771-0010

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