5416 S M Street Tacoma, WA 98408
5416 S M Street
Tacoma, WA 98408
$4,150,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: South Tacoma
10+ Units
Exterior: Wood
Roof: Flat
Year Built: 1963
2025 Taxes: $38845.00
Buyer Broker Comp.: 1.5%
Listing #: 2428904
Lot Details
Lot Size: 0.34 acres
Curbs
Paved
Sidewalk
No. of Units: 6
Interior
Cooling: Central A/C
Heating: Forced Air
Electric
Common Features
Coin Op Laundry
Storage
Call or Email:
Grace Wamwere
What's Near 5416 S M Street Tacoma, WA 98408?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
DMCA Notice 
Courtesy of John L. Scott, Inc
