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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

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    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.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5416 M St, Unit Tacoma Tacoma, WA 98408
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