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Rainier View Court Townhomes 17825 22nd Ave E 12 Unit Apartment Building $5,095,000 ($424,583/Unit) 5.63% Cap Rate Tacoma, WA 98445
Investment Highlights
- Built in 2021 with modern finishes, providing a stabilized asset with low maintenance needs and long-term appreciation potential.
- Mix of 2- and 3-story townhomes with condo-ready setup allows continued rental income today and a future exit through individual unit sales.
- Large townhome-style units with high-end finishes and garage parking drive strong tenant demand and support premium rental positioning in the Frederic
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire Phase II of the Rainier View Court Townhomes, a 12-unit townhome-style multifamily community completed in 2021 and located at 17821–17825 22nd Ave E in Frederickson, Washington. Tucked behind an established condominium community, the property offers a quiet, residential setting paired with modern construction, upscale finishes, and spacious floor plans that appeal to long-term tenants. Built with longevity in mind and maintained in
excellent condition, Rainier View Court provides investors with a stable, low-maintenance asset and a compelling long-term hold opportunity.
excellent condition, Rainier View Court provides investors with a stable, low-maintenance asset and a compelling long-term hold opportunity.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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Property Taxes
| Parcel Number | 500395-0013 | Improvements Assessment | $3,582,700 |
| Land Assessment | $637,100 | Total Assessment | $4,219,800 |
Property Taxes
Parcel Number
500395-0013
Land Assessment
$637,100
Improvements Assessment
$3,582,700
Total Assessment
$4,219,800
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Rainier View Court Townhomes | 17825 22nd Ave E
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