6-Unit Apartment
For Sale
$850,000
3841 Park, Tacoma, WA 98418
All six apartments were renovated within the past five years.
Property SizeContact for details
Days on Market354
Property Features for 3841 Park
General Information
Standard status
Active
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
6
Additional Details
Cap Rate
7.58%
Building Details
Year Built
1950
Year Renovated
2020
Buildings
1
Stories
1
Listing Agency:
Blake Investment Advisors
Listed By:
Gabe Blake
(253) 604-6000
Source:
Skylineproperties
Added: Oct 19, 2025
Changed: Oct 6
Last Checked: Oct 6 at 2:35AM
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 Blake Investment Advisors
Investment Insights
Based on property information with market context.
Built in 1950, this single-story apartment property contains six units: two two-bedroom, one-bath apartments and four one-bedroom, one-bath apartments. The two-bedroom units average 750 square feet, while the one-bedroom units average 550 square feet. Renovations completed in 2020 included updated interiors, and the roof was replaced that year.
Interior finishes include luxury vinyl plank flooring, white shaker cabinets, granite countertops, LED lighting, and new appliances. Exterior features include brick, double-pane vinyl windows, and metal entry doors. The property is reported at a 7.58% cap rate.
Interior finishes include luxury vinyl plank flooring, white shaker cabinets, granite countertops, LED lighting, and new appliances. Exterior features include brick, double-pane vinyl windows, and metal entry doors. The property is reported at a 7.58% cap rate.
Key Highlights
- Six apartments: two 2‑bedroom/1‑bath units and four 1‑bedroom/1‑bath units
- Average unit sizes are 750 square feet for 2‑bedroom apartments and 550 square feet for 1‑bedroom apartments
- All six apartments received renovations within the past five years
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - All six apartments were renovated within the past five years.
Where is this apartment building located?
The property is located at 3841 Park Tacoma, WA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six apartments: two 2‑bedroom/1‑bath units and four 1‑bedroom/1‑bath units; Average unit sizes are 750 square feet for 2‑bedroom apartments and 550 square feet for 1‑bedroom apartments; All six apartments received renovations within the past five years
