Tacoma, WA 98408 5416 S M Street
$4,150,000
8 more
Presented By: John L. Scott, Inc and NWMLS
- MLS# 2428904
- 09/05/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 12,672
Home Details
White Rock Apartments is a fully renovated 30-unit community in Tacoma, WA, offering modern studio units with high-quality finishes and strong tenant appeal. Renovations completed between 2022 and 2025 include upgraded interiors and exteriors, while community amenities feature laundry facilities, parking, and potential storage income. With an in-place 5.85% cap rate, attractive financing options, and upside through rent adjustments and operational improvements, the property provides investors a rare opportunity to achieve projected stabilized returns of 7.87% in a high-demand, affordable Puget Sound market. Located in Tacoma’s South End, an up-and-coming neighborhood where affordability meets everyday convenience.
Presented By: John L. Scott, Inc and NWMLS
Interior Features for 5416 S M Street
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 5416 S M Street
AmenitiesCoin Op Laundry, Storage
Building Area UnitsSquare Feet
Cap Rate7.82
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingCentral A/C
CountyPierce
DirectionsFrom I-5, Take exit 130 for 56th St toward Tacoma Mall Blvd, merge onto S 56th St, turn Left on S M St, Apartment complex on Left.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High School DistrictTacoma
Insurance Expense32036
Leasable Area12390
Listing TermsCash Out, Conventional
Lot Size Square Feet14625
Lot Size UnitsSquare Feet
MLS Area51 – South Tacoma
ModificationTimestamp2025-09-18T20:58:15.484Z
NWM_ShowMapLinkY
Net Operating Income324402
New ConstructionNo
Number Of Units Total6
Open Parking Spaces15
PossessionSubject to Tenant Rights
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWhite 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
RoofFlat
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSouth Tacoma
Tax Annual Amount38845
Tax Year2025
Units Below Gradefalse
Units In Building Total30
Water Sewer Garbage31537
Year Built1963
Exterior for 5416 S M Street
Building Area Total12672
Covered Spaces
Exterior AmenitiesWood
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.3357
Parking Uncovered Spaces15
Total Parking15
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
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