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$4,150,000
45 Days On Site

5416 S M Street
Tacoma, WA 98408

For Sale|Multi Family|Active
0
Beds
0
Total Baths
12,672
SqFt
$327
/SqFt
1963
Built
Cumulative Days On Market:
46
Subdivision:
South Tacoma
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Jonathan D. Bye of John L. Scott, Inc

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253-209-1572
5416 S M Street5416 S M Street5416 S M Street5416 S M Street
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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.

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Listing Snapshot
Price 
$4,150,000
Days On Site 
45 Days
Bedrooms 
N/A
Inside Area (SqFt) 
12,672 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.3357 Acres
Year Built 
1963
MLS® Number 
2428904
Status 
Active
Property Tax 
$38,845
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.3357
Number Of Stories 
2
Parking Spaces 
15
Property Sub Type 
Multi Family
SqFt Total 
12672
Utilities 
Sewer Connected
Water Source 
Public
Interior Features
Cooling 
Central Air
Flooring 
Vinyl
Heating 
ElectricForced Air
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Exterior Features
Construction Details 
Wood Siding
Lot Features 
Paved
Roof 
Flat
Community Features
Association Amenities 
Coin LaundryStorage
Financing Terms Available 
Conventional
MLS Area 
51 - South Tacoma
School District 
Tacoma
Schools
School District
Tacoma
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Jonathan D. Bye of John L. Scott, Inc



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the broker or MLS Grid. Supplied open house information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2025-10-21 10:04 AM PDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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