Brand new 30 unit apartment build in the heart of Tacoma. Will be stabilized/no vacancy by the end of January 2026. It's conveniently located near downtown Tacoma, I-5, Hwy 512, public transportation, shopping, dining, schools, and Bases. Featuring 9-foot ceilings, hard surface countertops & window sills, durable vinyl flooring, stainless steel appliances, an all-in-one washer/dryer combo, split system/air conditioning, and energy-efficient tankless water heaters. Each apartment unit also includes built-in high-speed internet with a flat-rate monthly fee paid by tenant(income), a private balcony/patio and an exterior storage closet. The community features 39 on-site parking spaces, EV charging station, and completely fenced.
Property Features
Bedrooms
Heating and Cooling
- Cooling Features: Ductless
- Heating Features: Ductless
- Heating Fuel: Electric
- Heating: Yes
- Number of Fireplaces: 0
Interior Features
Garage and Parking
- Covered Spaces: 0
- Open Parking: No
Land Info
- Lot Description: Curbs, Paved, Sidewalk
- Lot Size Acres: 1.0063
- Lot Size Square Feet: 43833
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Rental Info
- Gross Scheduled Income: 655568
- Leasable Area: 22404
Multi-Unit Info
- Number of Units: 30
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Total Bathrooms in Unit-1: 2
- Total Bathrooms in Unit-2: 2
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Unit-1 Square Feet: 881
- Unit-2 Square Feet: 869
- Unit-3 Square Feet: 664
- Unit-4 Square Feet: 652
- Unit 1 Total Actual Rent: 1925
- Unit 2 Total Actual Rent: 1925
- Unit 3 Total Actual Rent: 1545
- Unit 4 Total Actual Rent: 1545
School Information
- High School District: Tacoma
- School District: Tacoma
Other Property Info
- Annual Tax Amount: 41829
- Source Listing Status: Active
- County: Pierce
- Cap Rate: 5.6
- Directions: South on Portland Ave E. Right on E 72nd St. Property is on Left.
- Tax Year: 2026
- Other Expense: 97440
- Source Property Type: Multi Family
- Possible Use: Multi-Family
- Insurance Expense: 7860
- Area: 61 - Southeast Tacoma
- List Development Name: East Tacoma
- Source Neighborhood: East Tacoma
- Parcel Number: 0320277020
- Subdivision: East Tacoma
- Zoning Description: Multi-Family
Commercial Info
- Net Operating Income: 459672
- Operating Expense: 176229
Building and Construction
- Year Built: 2025
- Building Area Total: 22404
- Building Area Units: Square Feet
- Construction Materials: Cement Planked, Wood, Cement Planked, Wood
- Foundation Details: Poured Concrete
- New Construction: Yes
- Property Age: 1
- Property Condition: Very Good
- Roof: Composition
- Building Total Stories: 3
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
- Year Built Details: Completed
- Year Built Effective: 2025
Utilities
- Electric Expense: 3900
- Power Production Type: Electric
- Sewer: Sewer Connected
- Water Source: Public
