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5416 M St, Unit Tacoma Tacoma, WA 98408

For Sale
$4,150,000

Fully renovated Tacoma apartments with strong tenant appeal and modern finishes.

Property Features for 5416 M St

General Information

Standard status
Active

Building Details

Year built
1963

Source: MARCUS & MILLICHAP, INC. Agent KELLAN MOLL

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated 30-Unit Apartment Community

White Rock Apartments is a fully renovated 30-unit community located in Tacoma, WA. The property offers modern studio units featuring high-quality finishes. Renovations were completed between 2022 and 2025, and include upgrades to both the interiors and exteriors. Community amenities include laundry facilities and parking. There is also potential for storage income. Tacoma is experiencing strong rental demand due to its relative affordability within the Puget Sound region. The property is well-positioned to attract tenants seeking modern housing at accessible rents. The property currently offers a 6.21% cap rate and an estimated cash-on-cash return of 7.11%.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

White Rock Apartment ... Apartment Building

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Tacoma
County
Pierce
State
Washington
Longitude
-122.4514541
Latitude
47.2076938

FAQs

What type of property is this?
Apartment building - Fully renovated Tacoma apartments with strong tenant appeal and modern finishes.
Where is this apartment building located?
The property is located at 5416 M St, Unit Tacoma Tacoma, WA.
What is the asking price?
The asking price for this property is $4,150,000.
What are key features of this property?
This property features: - Fully renovated 30-unit apartment community with modern studio units.; - **Strong cash-on-cash return of 7.11%** with attractive interest-only financing options.; - High-quality renovations completed between 2022 and 2025, including upgraded interiors and exteriors.
More about this property
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