Log In/Sign Up
Your email has been sent.
Chandler Street Apartments 3332 Chandler St 8 Unit Apartment Building $1,429,669 ($178,709/Unit) 6% Cap Rate Tacoma, WA 98418
EXECUTIVE SUMMARY
The Chandler Street Apartments presents a stabilized 8-unit multifamily investment offering a current 6.0% cap rate with upside to 6.8%. The property consists of eight 1-bed x 1-bath units and is 100% occupied with historically low turnover, providing immediate and reliable cash flow. Recent interior upgrades include new LVP flooring, updated kitchen countertops, and refreshed bathroom cabinetry. Exterior capital improvements feature new paint, a repaved and striped parking lot, and a secure gated entry. Tenant amenities include on-site laundry, storage, and off-street parking. Centrally located with convenient access to I-5, SR-16, transit, shopping, and dining.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,429,669 | Property Subtype | Apartment |
| Price Per Unit | $178,709 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6% | Lot Size | 0.19 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,656 SF |
| Gross Rent Multiplier | 11.03 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 2.25/1,000 SF |
| Zoning | R4, Tacoma | ||
| Price | $1,429,669 |
| Price Per Unit | $178,709 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.03 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,656 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R4, Tacoma |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 576 |
1 1
PROPERTY TAXES
| Parcel Number | 298000-0720 | Improvements Assessment | $804,000 |
| Land Assessment | $202,700 | Total Assessment | $1,006,700 |
PROPERTY TAXES
Parcel Number
298000-0720
Land Assessment
$202,700
Improvements Assessment
$804,000
Total Assessment
$1,006,700
1 of 25
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Chandler Street Apartments | 3332 Chandler St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.