Rainier View Court Townhomes
17821-17825 22nd Ave E Tacoma, WA 98445
For Sale
$4,950,000
Investment opportunity: townhome-style apartments with condo conversion potential.
Days on Market113
Property Features for 17821-17825 22nd Ave E
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing Agency:
MARCUS & MILLICHAP, INC.
(206) 826-5724
Listed By:
Scott Morasch · License #License(s): WA: 4731
(206) 826-5724
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 23 at 2:33AM
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.
Rainier View Court presents an investment opportunity offering operational stability and future flexibility. The property is currently operated as rental apartments and benefits from strong demand for large-format, townhome-style housing in a growing Pierce County submarket. Newer construction and durable building materials minimize ongoing capital expenditure requirements, while the high-quality finishes and garage parking support sustained rental performance. The property is already prepared for condominium conversion, providing a secondary exit strategy through individual unit sales when market conditions warrant. This combination of modern construction, premium unit mix, and optionality positions Rainier View Court Townhomes as a compelling long-term investment for both income-focused and value-oriented buyers. The property's capitalization rate is 5.55%.
Key Highlights
- Strong demand for large‑format, townhome‑style housing in a growing Pierce County submarket.
- Prepared for condominium conversion, offering a secondary exit strategy.
- Newer construction and durable building materials minimize capital expenditure requirements.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Investment opportunity: townhome-style apartments with condo conversion potential.
Where is this apartment building located?
The property is located at 17821-17825 22nd Ave E Tacoma, WA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Strong demand for large‑format, townhome‑style housing in a growing Pierce County submarket.; Prepared for condominium conversion, offering a secondary exit strategy.; Newer construction and durable building materials minimize capital expenditure requirements.
