Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1002 J St, Unit Tacoma Tacoma, WA 98403

    For Sale
    $3,250,000

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

    Property Features for 1002 J St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1967

    Source: BLAKE INVESTMENT ADVISORS Agent GABE BLAKE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Tacoma Multifamily Investment Opportunity

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marguerite Apartments Apartment Building

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4638983
    Latitude
    47.2648597

    Nearby Similar for Sale

    • $3,300,000
      23,860 SF

      Mixed-Use Building with Parking

      Two-story office, retail, and warehouse building with parking lot.
      2209-2215 Pacific Ave, Tacoma, WA 98402
      View Details
    • Contact for pricing

      Leased Retail Shop in Tacoma

      100% leased retail shop in Tacoma near downtown.
      5950 N 9Th St, Tacoma, WA 98406
      View Details
    • $1,995,000
      10,584 SF

      Former Bank Building on Tacoma Way

      Unique mid-century modern building suitable for retail, restaurant, or office.
      8801 South Tacoma Way, Tacoma, WA 98499
      View Details
    • $7,500,000

      84+ Acre Estate Investment Opportunity

      84+ acre estate with multiple venue business potential.
      Undisclosed, Tacoma, WA
      View Details
    • $2,379,000

      Turn-Key Luxury Property Near Beach

      Remodeled mixed-use property with vista views and flexible zoning.
      8802 6Th Avenue Ct, Tacoma, WA 98465
      View Details
    • $1,600,000
      9,296 SF

      Professional/Medical Office Building in Tacoma

      Two-story office building near I-5, ideal for owner-user or investor.
      1720 S 72Nd St, Tacoma, WA 98408
      View Details

    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, Unit 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.
    Request Owner's contact information
    1002 J St, Unit Tacoma Tacoma, WA 98403
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1002 J St, Unit Tacoma
    Tacoma, WA 98403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1002 J St, Unit Tacoma Tacoma, WA 98403
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.