1002 J St Tacoma, Tacoma, WA 98403

Building Details

Year Built

1967

Listing agent GABE BLAKE

Listing office BLAKE INVESTMENT ADVISORS g***@blakeia.com

Listing date Aug 27, 2025

Source Corcoran

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Overview

This multifamily property is located in the desirable North Tacoma area. The property has been well-maintained, with recent renovations including new siding and paint, new roofs, and renovations to nine units, positioning the assets for immediate rent growth. There are zero units under construction in the North Tacoma submarket. There is a moderate lift value-add opportunity for a new investor to complete renovations on the remaining five units, add washers/dryers throughout, and convert the plumbed laundry room into a new studio apartment to boost income. Plans for a new studio are included in the sale. Prime market positioning creates a projected End-of-Year-5 capitalized value, delivering a potential equity gain.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Tacoma

County

Pierce

State

Washington

Longitude

-122.464

Latitude

47.2649

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FAQs

What type of property is this?

Apartment building - Well-maintained multifamily property in North Tacoma with value-add potential.

Where is this apartment building located?

The property is located at 1002 J St Tacoma Tacoma, WA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Prime North Tacoma location, no new units under construction in the submarket.; Value‑add opportunity: Increase income to a 7.22% market cap rate by renovating remaining units, adding washers/dryers, and converting the laundry room into a studio apartment (plans included).; Potential equity gain with a projected End‑of‑Year‑5 capitalized value of $4,560,000.