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    14601 1St Ave S Tacoma, WA 98444

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    For Sale
    $12,800,000

    38-unit townhome development completed in 2022 in Parkland, Washington.

    Property Features for 14601 1St Ave S

    General Information

    Standard status
    Active

    Building Details

    Year built
    2022

    Source: BEST CHOICE REALTY Agent JEFF HULING

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

    Overview

    New Townhome Development For Sale

    Coventry Villas is a 38-unit townhome development situated on 2.08 acres in Parkland, Washington. Completed in the summer of 2022, each unit features approximately 1,482 square feet of living space, including three bedrooms, two and a half bathrooms, and an attached single-car garage. The property is located in a community with convenient access to Hwy’s 512, 167, and Interstate 5, making it suitable for commuters. Nearby employers include Joint Base Lewis McCord, Amazon, Franciscan Health, Tesla, and Pacific Lutheran College.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4317489
    Latitude
    47.1265414

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    FAQs

    What type of property is this?
    Apartment building - 38-unit townhome development completed in 2022 in Parkland, Washington.
    Where is this apartment building located?
    The property is located at 14601 1St Ave S Tacoma, WA.
    What is the asking price?
    The asking price for this property is $12,800,000.
    What are key features of this property?
    This property features: - Newly constructed in 2022, ensuring modern features and minimal maintenance.; - Spacious townhomes with **3 bedrooms, 2.5 baths, and attached single-car garage.**; - Conveniently located in Parkland, WA with easy access to Hwy’s 512, 167, and Interstate 5.
    Request Owner's contact information
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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
    14601 1St Ave S Tacoma, WA 98444
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