$1,500,000
1420 S J Street presents an opportunity to acquire a newly constructed, six-unit multifamily property in Tacoma’s Hilltop/New Tacoma area. Designed as two three-story triplex buildings, the property combines the privacy of small-scale multifamily with the efficiency of a professionally operated investment asset. The one-bedroom residences feature modern interiors, quartz countertops, stainless steel appliances, in-unit washer and dryer, air conditioning, and abundant natural light, with select units offering Mt. Rainier and regional views. A key investment advantage is the property’s approximately 11 years of remaining tax abatement, reducing property tax burden and enhancing in-place cash flow. Located near St. Joseph Medical Center, Downtown Tacoma and Tacoma Link light rail, the property offers convenient access to major employment, dining, entertainment and regional transportation. Its central location may also provide additional flexibility for furnished or short-term rental strategies. With new construction, limited near-term capital requirements, a walkable urban location and approximately 11 years of remaining tax abatement, 1420 S J Street offers investors a durable, low-maintenance asset with attractive income and operational flexibility.
2601068
MLS
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FIRST LOOK
Status
1420 S J Street, Tacoma
Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
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