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.