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$4,150,000
93 Days On Site
5416 S M StreetTacoma, WA98408
For Sale|Multi Family|Active
0
Beds
0
Total Baths
12,672
SqFt
$327
/SqFt
1963
Built
Cumulative Days On Market:
94
Subdivision:
South Tacoma
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Jonathan D. Bye of John L. Scott, Inc
Listing courtesy of Jonathan D. Bye of John L. Scott, Inc
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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.
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Listing Snapshot
Price
$4,150,000
Days On Site
93 Days
Bedrooms
N/A
Inside Area (SqFt)
12,672 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3357 Acres
Year Built
1963
MLS® Number
2428904
Status
Active
Property Tax
$38,845
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.3357
Number Of Stories
2
Parking Spaces
15
Property Sub Type
Multi Family
SqFt Total
12672
Utilities
Sewer Connected
Water Source
Public
Interior Features
Cooling
Central Air
Flooring
Vinyl
Heating
ElectricForced Air
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Exterior Features
Construction Details
Wood Siding
Lot Features
Paved
Roof
Flat
Community Features
Association Amenities
Coin LaundryStorage
Financing Terms Available
Conventional
MLS Area
51 - South Tacoma
School District
Tacoma
Schools
School District
Tacoma
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Jonathan D. Bye of John L. Scott, Inc
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-12-07 05:22 PM PST
Listing courtesy of Jonathan D. Bye of John L. Scott, Inc
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-12-07 05:22 PM PST
Neighborhood & Commute
Source: Walkscore
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