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Townhome-Style Apartment Community
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2901 South 45th Street, Tacoma, WA 98409

The 53-home community combines multiple bedroom layouts with in-unit laundry and attached garages.

Property SizeContact for details
Lot Size1.98 Acres
Days on Market10

Property Features for 2901 South 45th Street

General Information

Standard status Active
Lot size 1.98 Acres
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 53

Amenities

in-unit washer/dryer
attached garage

Building Details

Year Built 2008
Buildings 16
Listing Agency: Berkadia
Listed By: Chad Blenz · License #WA 125100
Source: Crexi
Added: Sep 17 Changed: Sep 24 Last Checked: Sep 26 at 5:48AM

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 Berkadia

Investment Insights

Based on property information with market context.

This 53-unit apartment community is arranged across 16 buildings on 1.98 acres. Built in 2008, it offers two-, three- and four-bedroom townhomes averaging 1,374 square feet. Each residence has a washer and dryer and an attached garage with direct access. Interior work has been completed in 47 of the 53 homes over the past three years; six remain in classic condition.

The property is in South Tacoma, directly across from Tacoma Mall and about five minutes from I-5. Its unit mix includes two-bedroom-plus-den layouts, with a separate den that can function as a bedroom, office or guest room.

Key Highlights

  • 53 townhome‑style apartment units across 16 buildings
  • 1.98‑acre site; built in 2008
  • Two-, three- and four‑bedroom homes average 1,374 square feet

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Big Box & Wholesale Store Electrical Service Parking Lot & Garage Furniture & Home Goods Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

53
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

123
Businesses Nearby

Demographics for 98409, WA

27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - The 53-home community combines multiple bedroom layouts with in-unit laundry and attached garages.
Where is this apartment building located?
The property is located at 2901 South 45th Street Tacoma, WA.
What are key features of this property?
This property features: 53 townhome‑style apartment units across 16 buildings; 1.98‑acre site; built in 2008; Two-, three- and four‑bedroom homes average 1,374 square feet
More about this property
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