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New Multifamily Property in Tacoma
For Sale
$2,095,000

3402 C St, Tacoma, WA 98418

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

Property Size4,266 SF
Price / SF$491.09
Days on Market172

Property Features for 3402 C St

General Information

Standard status Active
Size 4,266 SF
Property subtype Commercial

Building Details

Year Built 2025
Listing Agency: BETTER PROPERTIES REAL ESTATE
Listed By: MARK HULEN · License #50093
Source: Corcoran
Added: Feb 19 Changed: Aug 8 Last Checked: Apr 5 at 8:26PM

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

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

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Clothing & Fashion Store Veterinary Clinic Auto Parts Store Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

1,218
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

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 - 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
More about this property
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