Parkland Apartments Near Downtown
For Sale
$2,250,000
Pending
1420 112th St S, Tacoma, WA 98444
Apartment community with updated units near Downtown Tacoma and university.
Property SizeContact for details
Days on Market1168
Property Features for 1420 112th St S
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1954
Listing Agency:
MARCUS & MILLICHAP, INC.
Listed By:
RYAN DINIUS
Source:
Corcoran
Added: Jun 2, 2023
Changed: Jul 6
Last Checked: Jul 23 at 8:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MARCUS & MILLICHAP, INC.
Investment Insights
Based on property information with market context.
The Ash Creek Apartments is an apartment community located in Parkland, with a history dating back to 1954. Nine of the units have been updated. The community is situated in close proximity to Downtown Tacoma, Government Employment, and Pacific Lutheran University. The property features sixteen one-bedroom/one-bathroom units, each spanning approximately 580 square feet, and one two-bedroom/one-bathroom unit measuring approximately 720 square feet.
Key Highlights
- Central location near Downtown Tacoma, Government Employment, and Pacific Lutheran University.
- Steady increase in demand in the submarket.
- Mix of sixteen 1‑bed/1‑bath units and one 2‑bed/1‑bath unit.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment community with updated units near Downtown Tacoma and university.
Where is this apartment building located?
The property is located at 1420 112th St S Tacoma, WA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Central location near Downtown Tacoma, Government Employment, and Pacific Lutheran University.; Steady increase in demand in the submarket.; Mix of sixteen 1‑bed/1‑bath units and one 2‑bed/1‑bath unit.
