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360-970-0644
NW Sound Realty powered by REMAX
1420 S J Street, Tacoma, WA 98405
- $1,500,000
Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
- List Price
- $1,500,000
- Status
- FIRST LOOK
- MLS#
- 2601068
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Annual Tax Ammount
- 3571
- Lot Size (sq ft)
- 3,250
- Sewer
- Available
Property Description
1420 S J Street presents an opportunity to acquire a newly constructed, six-unit multifamily property in Tacoma’s Hilltop/New Tacoma area. Designed as two three-story triplex buildings, the property combines the privacy of small-scale multifamily with the efficiency of a professionally operated investment asset. The one-bedroom residences feature modern interiors, quartz countertops, stainless steel appliances, in-unit washer and dryer, air conditioning, and abundant natural light, with select units offering Mt. Rainier and regional views. A key investment advantage is the property’s approximately 11 years of remaining tax abatement, reducing property tax burden and enhancing in-place cash flow. Located near St. Joseph Medical Center, Downtown Tacoma and Tacoma Link light rail, the property offers convenient access to major employment, dining, entertainment and regional transportation. Its central location may also provide additional flexibility for furnished or short-term rental strategies. With new construction, limited near-term capital requirements, a walkable urban location and approximately 11 years of remaining tax abatement, 1420 S J Street offers investors a durable, low-maintenance asset with attractive income and operational flexibility.
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Additional Information
- Community
- Tacoma
- Net Operating Income
- $89,668
- Gross Adjusted Income
- $108,551
- Gross Scheduled Income
- $114,264
- Total Monthly Income
- $9,681
- Insurance Expenses
- $2,800
- Water/Sewer/Garbage Expenses
- $7,200
- Gross Rent Multiplier
- 13.1
- Total Expenses
- $26,503
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 1420
- Potential Terms
- Cash, Conventional
- Year Built
- 2025
- View
- Mountains, Territorial
- Roof
- Flat
- Site Features
- Fenced-Partially
- Other Expenses
- 12932
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $9,681
- Gross Scheduled Income
- $114,264
- Vacancy Rate
- 5
- Gross Adjusted Income
- $108,551
- Tax Year
- 2026
- Insurance Expense
- $2,800
- W/S/G Expenses
- $7,200
- Total Expenses
- $26,503
- Net Operating Income
- $89,668
- Gross Rent Multiplier
- 13.1
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.