6208-6212 N 26th St - Apartments FOR SALE


Tacoma, WA 98407- West End
$1,825,000 USD
206-491-2008
6208-6212 N 26th St, Tacoma, WA for Sale
$1,825,000 USD
Apartments - FOR SALE
1/6
null | 6.08% Cap Rate

6208-6212 N 26th St
Tacoma, WA 98407
West End


HIGHLIGHTS

  • Prime Location
  • Stable Occupancy
  • New 30-Year Roof Installed & 50-Gallon Water Heaters
  • Competitive Market Rents
  • Additional Upside

OVERVIEW

Introducing CAMDEN TERRACE located at 6208 & 6212 N 26th St, Tacoma, WA 98407. This exclusive property offers 8 value-add units near Tacoma's popular North End, just minutes away from the Narrows Bridge. Camden Terrace presents a lucrative investment opportunity with fully-occupied, well-maintained units featuring modern finishes, new hard surface flooring, and in-unit washers and dryers. Recent upgrades like a new 30-year roof and 50-gallon water heaters ensure quality and reliability. Situated close to Ruston Way and Point Defiance Zoo, residents enjoy easy access to waterfront dining and entertainment. Boasting stable occupancy and competitive market rents, Camden Terrace guarantees reliable rental income and significant growth potential. Ideal for investors seeking a prime location in Tacoma's thriving rental market, this property offers a diverse livework-play environment and convenience to amenities. Don't miss out on the chance to own this prime real estate gem in Tacoma! -Thoughtful Design: well-designed two-bedroom, one-and-a-half bathroom units featuring modern finishes, new hard surface flooring, and in-unit washers and dryers. -Prime Location: Adjacent to Tacoma's desirable North End and just north of Ruston Way, providing easy access to waterfront dining, shopping, and entertainment; minutes from the Tacoma Narrows Bridge with close proximity to grocery stores, gyms, coffee shops, and daily conveniences. -Stable Occupancy: Fully occupied with no delinquency, ensuring reliable rental income for new ownership. -Quality Cap-Ex Upgrades: Recent upgrades include a new 30-year roof on building 6212 and 50-gallon water heaters throughout the property. -Competitive Market Rents: Rents are set just below the highest achieving rate of $1,895, proving the opportunity for further rental upside. -Strong Rental Market: In Tacoma, 45% of housing units are renter-occupied, with 2024 move-ins outperforming 2023; 66% of workers are in white-collar positions, with an average household income of nearly $115,000. -Additional Upside: Higher rent premiums can be achieved through an expanded renovation scope.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

8

PRICE/UNIT

$228,125

CAP RATE

6.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camden Terrace

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

RCX

APN/PARCEL ID

022135-2055,022135-2056

ASK ABOUT THIS PROPERTY

Chad BlenzBerkadiaMore Info
206-491-2008

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Chad BlenzBerkadiaMore Info
206-491-2008

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