$4,150,000
5416 S M Street, Tacoma, WA 98408
12,672 Sq Ft
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5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408
5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408 5416 S M Street, Tacoma, WA 98408

MLS #2428904 / Listing provided by NWMLS & John L. Scott, Inc.

$4,150,000

5416 S M Street
Tacoma, WA 98408

Active 23 hours ago
12,672
Sq Ft
$327
Per Sq Ft
1963
Year Built

White Rock Apartments is a fully renovated 30-unit community in Tacoma, WA, offering modern studio units with high-quality finishes and strong tenant appeal. Renovations completed between 2022 and 2025 include upgraded interiors and exteriors, while community amenities feature laundry facilities, parking, and potential storage income. With an in-place 5.85% cap rate, attractive financing options, and upside through rent adjustments and operational improvements, the property provides investors a rare opportunity to achieve projected stabilized returns of 7.87% in a high-demand, affordable Puget Sound market. Located in Tacoma’s South End, an up-and-coming neighborhood where affordability meets everyday convenience.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: Yes
Exterior Features

Parking

  • Parking Total: 15
  • Uncovered Parking Spaces: 15
  • Open Parking Spaces: 15

Structure

  • Roof: Flat
  • Exterior Features: Wood

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.3357
Area Features

Schools

  • High School District: Tacoma

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.3357
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 33375
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Whitney Johnsen

Whitney Johnsen
Broker | REALTOR®

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