1208 S 27th St Tacoma, WA 98409

Listing agency Seattle Office a***@marcusmillichap.com Show Phone

Listed by Aimon Heffernan · License #License(s): WA: 23029794 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:00AM

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Investment Insights

Based on property information with market context.

Vista Rainier is a fifty-unit apartment community constructed in 1968, situated in the Hilltop neighborhood of Tacoma. The property is located near I-5 and approximately one mile from the Hilltop Light Rail Station. The community features forty two-bedroom, one-bathroom units averaging 848 square feet, four one-bedroom, one-bathroom units averaging 750 square feet, five studios averaging 430 square feet, and one three-bedroom, one-bathroom unit of approximately 1,000 square feet. Each unit includes a kitchen and living room. Ample on-site parking is available. The property is positioned as an investment opportunity with potential for rental upside through renovations.

Key Highlights

• Significant rental upside potential through renovations to achieve a 7% annual return.
• Excellent commuter location: close to I‑5 and one mile from the Hilltop Light Rail Station.
• Spacious units: mix of one-, two-, and three‑bedroom units, plus studios.

Property Analytics

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FAQs

What type of property is this?

Apartment building - 50-unit apartment community near I-5 and Hilltop Light Rail.

Where is this apartment building located?

The property is located at 1208 S 27th St Tacoma, WA.

What is the asking price?

The asking price for this property is $7,450,000.

What are key features of this property?

This property features: Significant rental upside potential through renovations to achieve a 7% annual return.; Excellent commuter location: close to I‑5 and one mile from the Hilltop Light Rail Station.; Spacious units: mix of one-, two-, and three‑bedroom units, plus studios.