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New Multifamily Property in Tacoma

3402 C St, Tacoma, WA 98418

For Sale
$2,095,000

New six-unit building near downtown Tacoma with tax abatement.

Property Size4,266 SF
Price / SF$491.09
Days on Market265

Property Features for 3402 C St

General Information

Standard status Active
Size 4,266 SF
Property subtype Commercial

Site & Location

Neighborhood South End

Building Details

Year Built 2025
Listing Agency: BETTER PROPERTIES REAL ESTATE
Listed By: MARK HULEN · License WA #50093
Source: Corcoran
Added: Feb 19 Changed: Aug 8 Last Checked: Aug 25 at 4:57AM

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 BETTER PROPERTIES REAL ESTATE

Rey
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Investment Insights

Based on property information with market context.

This is a new six-unit multifamily property situated in an excellent rental area. The building contains three one-bedroom units and three two-bedroom, two-bath units. Each unit is equipped with a washer and dryer. Upper floors offer a view of the city. The property benefits from an eight-year tax abatement. The location is a few minutes from downtown, restaurants, the Tacoma Dome, freeways, and schools. The newer Pierce County building is within walking distance. Street parking is available. The property size is 4,266 square feet. Income is based on area market rental amounts (Proforma).

Key Highlights

  • New construction (2025) 6‑unit building in excellent rental area
  • 8‑year tax abatement in place
  • Attractive mix of large one‑bedroom and two‑bedroom/2‑bath units

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Location Intelligence

Trade Area within ½ mile

755
Businesses Nearby

Demographics for 98418, WA

10,371
Population
4,520
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
6,101
Density / Sq Mi
$79,413
Median Household Income
$53,441
Median Earnings
$1,512
Median Rent
$385,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Apartment buildings in Tacoma, WA

$262 Jul
$256 Aug
$251 Sep
$251 Oct

Properties on Market for Apartment buildings in Tacoma

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - New six-unit building near downtown Tacoma with tax abatement.
Where is this apartment building located?
The property is located at 3402 C St Tacoma, WA.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: New construction (2025) 6‑unit building in excellent rental area; 8‑year tax abatement in place; Attractive mix of large one‑bedroom and two‑bedroom/2‑bath units
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