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    1002 N J St Tacoma, WA 98403

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    For Sale
    $3,250,000

    Meticulously maintained 14-unit apartment building in desirable North Tacoma location.

    Lot size:
    0.20 Acres

    Property Features for 1002 N J St

    General Information

    Lot size
    0.20 Acres

    Building Details

    Year built
    1967

    Source: Blake Investment Advisors Agent Northwest Multiple Listing Service

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

    Overview

    North Tacoma Apartment Investment Opportunity

    Marguerite Apartments presents a 14-unit apartment investment opportunity in North Tacoma. The property features a unit mix consisting of 7 one-bedroom units averaging 477 square feet, 6 two-bedroom units averaging 920 square feet, and a top-floor, penthouse suite with ocean views spanning 1,200 square feet, also equipped with a private roof-top deck. Nine of the fourteen apartments have been renovated to include stainless steel refrigerators, sinks, oven/range and dishwashers, new lighting fixtures, new luxury vinyl plank flooring in living room, dining room, and kitchen, granite kitchen and bathroom countertops, and tile flooring in the bathrooms. There are 13 on-site parking spots.
    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

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    FAQs

    What type of property is this?
    Apartment building - Meticulously maintained 14-unit apartment building in desirable North Tacoma location.
    Where is this apartment building located?
    The property is located at 1002 N J St 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: - Meticulously maintained 14-unit apartment building in a desirable 'A' North Tacoma location.; - Nine units renovated with stainless steel appliances, luxury vinyl plank flooring, and granite countertops.; - Desirable unit mix including seven 1-bedroom units and six 2-bedroom units.
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    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 N J St Tacoma, WA 98403
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