4019 S Puget Sound Ave - Apartments FOR SALE


Tacoma, WA 98409- South Tacoma
$3,095,000 USD
425-830-2254
4019 S Puget Sound Ave, Tacoma, WA for Sale
$3,095,000 USD
Apartments - FOR SALE
1/33
null | 5.94% Cap Rate

4019 S Puget Sound Ave
Tacoma, WA 98409
South Tacoma


HIGHLIGHTS

  • Value-add potential through modern interior renovations
  • 5 Tax Parcels that can be sold as duplexes and single-family residences
  • Large, attached garages with private driveways for additional parking

OVERVIEW

Northmarq is pleased to present the Puget Sound Townhomes, a rare investment opportunity consisting of 10 well-maintained townhome units in Tacoma, WA. Built in 2007, the property consists of 5 tax parcels that can potentially be sold as duplexes and single-family residences. Every unit includes a private, attached garage along with an individual driveway for additional off-street parking. The interiors offer in-unit washers and dryers, white appliances, and finishes consistent with the original construction, providing an opportunity for new ownership to implement a renovation program. By upgrading kitchens, bathrooms, flooring, and fixtures, investors can reposition the asset to meet modern renter expectations and achieve higher market rents. Puget Sound Townhomes is conveniently located near the Tacoma Mall, a major retail hub with a wide range of national retailers and dining options. The property also benefits from easy access to I-5, offering direct connectivity to downtown Tacoma, the Port of Tacoma, and regional employment centers throughout the South Sound. Demographic data within a 5-mile radius reflects strong rental demand, supported by a median household income of $72,000 and a renter population of approximately 51%. This offering presents a compelling opportunity to acquire a well-located, low-maintenance asset with substantial upside through strategic renovations in a supply-constrained market for newer construction rental housing.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$206 USD /SF

# OF UNITS

10

PRICE/UNIT

$309,500

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Puget Sound Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,108 SF

ZONING

RCX

APN/PARCEL ID

289000-0452,289000-0453,289000-0454,289000-0455,289000-0456

ASK ABOUT THIS PROPERTY

Steve FischerNorthmarqMore Info
425-830-2254

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Steve FischerNorthmarqMore Info
425-830-2254

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