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Chandler Street Apartments 3332 Chandler St 8 Unit Apartment Building $1,479,999 ($185,000/Unit) 5.79% Cap Rate Tacoma, WA 98418
EXECUTIVE SUMMARY
The Chandler Street Apartments features eight 1-bedroom/1-bath units, which have been updated with new LVP hardwood flooring, kitchen countertops, and bath cabinetry. Exterior improvements include new paint, repaved and striped parking lot, and secure gated entry. The property is 100% occupied with low turnover, offering income stability and a current 5.79% cap rate with upside to 6.54%. Tenants enjoy on-site laundry, storage, and off-street parking. Centrally located near I-5, SR-16, transit, shopping, and dining.
PROPERTY FACTS
| Price | $1,479,999 | Property Subtype | Apartment |
| Price Per Unit | $185,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.79% | Lot Size | 0.19 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,656 SF |
| Gross Rent Multiplier | 11.41 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 2.25/1,000 SF |
| Zoning | R4, Tacoma | ||
| Price | $1,479,999 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 5.79% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.41 |
| 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 |
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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
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Chandler Street Apartments | 3332 Chandler St
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