3852 29th St Tacoma, WA 98409-3300
Property profile & analytics
3852 29th St Tacoma, WA 98409-3300
- Apartment buildings
- 13,284 SF
- 0.60 lot acres
Property ID
US90-0849499
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Sunrise Ridge Apartments / Apartment Complex / Apartment Building
Property Details for 3852 29th St
- Year built
- 1995
- Construction
- WOOD FRAME
- Lot size
- 0.60 lot acres
- Property size
- 13,284 SF
- Zone code
- R3
- Property type
- Apartment buildings
- APN
- 6445000400
- APU
- 6445000400
Description
Sunrise Ridge, located at 3852 S 29th St, Tacoma, WA 98409, presents a compelling value-add investment opportunity. This 36-unit apartment building, built in 1995, comprises three buildings situated on a 2.56-acre lot and offers 34,632 square feet of net rentable space. The property features 61 parking spaces and is zoned R-3. The complex consists primarily of spacious two-bedroom units, with four units recently renovated to a higher standard. An attractive feature is the assumable loan with a balance of $5,191,800, maturing February 28, 2029, at an interest-only rate of 4.08%. The property benefits from its strategic location, minutes from Downtown Tacoma and less than four miles from the Tacoma Dome Station, providing convenient access to light rail service. Strong rental demand in Tacoma, with a high percentage of renters, and current rents averaging $115 below market rate, offer significant upside potential. Immediate income growth is achievable through rent increases, and further increases of $100+ per unit are possible with light renovations. The property's APN numbers are 6445000400, 6445000410, 6445000420, 6445000910, 6445000920, 6445000380, and 6445000390. This is a rare opportunity to acquire a well-maintained multifamily property with substantial potential for increased profitability.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.487
- Latitude
- 47.2339
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$70,099
$308,000
$6,002,200
$6,310,200
-
$308,000
$6,002,200
$6,310,200
