Entity Owned Property summary
This exceptional 32-unit apartment building, known as The Granada Apartments, presents a compelling investment opportunity in Tacoma, Washington. Located at 1224 S Yakima Ave, 98405, this property boasts a substantial 20,544 square feet of living space spread across four stories. Built in 1924 and extensively renovated between 2016 and 2024, the building offers a blend of historic charm and modern updates. The property sits on a 6,500 square foot lot, zoned R5, providing ample space for the… existing structure. The current asking price is $4,100,000, representing an attractive 6.30% capitalization rate. Each of the 32 units benefits from the recent renovations. On-site laundry facilities add to the convenience for residents. Parking is available on the street. The Pierce County Assessor's Parcel Number (APN) is 2012160080. This well-maintained multifamily property offers a strong potential for both immediate income and long-term appreciation, making it an ideal addition to any investment portfolio. The combination of its prime location, updated units, and impressive cap rate makes this a truly remarkable opportunity.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 15,285 SF
- Lot area
- 0.15 ac
- Year built
- 1926
- Stories
- 3
- APN
- 2012160080
- Zoning
- R5
- Assessed value · 2024
- $4,631,900
- Annual tax · 2024
- $51,458
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
R-5: Multiple-Family Dwelling District The R -5 District is intended for high -density multiple -family housing and also permits residential hotels, retirement homes, and limited mixed -use buildings. The district is gen…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
- Local Zoning Insight
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