5416 S M Street, Tacoma, 98408
MLS® #: 2428904
Active, 56 Days on Market
Listing Office: John L. Scott, Inc
Last Update: 2025-10-31
0
Garages
56
Dom
12,672
Square feet
0.34
Acres
1963
Built
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.
Features of 5416 S M Street
| MLS® # | 2428904 |
|---|---|
| Price | $4,150,000 |
| Bathrooms | 0.00 |
| Square Footage | 12,672 |
| Acres | 0.34 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 5416 S M Street |
|---|---|
| Area | 51 - South Tacoma |
| Subdivision | South Tacoma |
| City | Tacoma |
| County | Pierce |
| State | WA |
| Zip Code | 98408 |
Amenities
| Parking Spaces | 15 |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Wood |
|---|---|
| Lot Description | Curbs, Paved, Sidewalk |
School Information
| District | Tacoma |
|---|
Additional Information
| Days on Market | 56 |
|---|---|
| Cumulative Days on Market | 56 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Property Taxes | $38,845 |
Listing Details
| Office | John L. Scott, Inc |
|---|
Listing Map
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