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5211 E 96th Street Tacoma, WA $ 6,500,000
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$ 6,500,000 Get more info
5211 E 96th Street
$ 6,500,000
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Share Save

5211 E 96th Street

Tacoma, WA, 98446
$ 6,500,000
Baths0.0

Monthly Estimate*

$ 40,552

Listed by Northmarq Multifamily, LLC
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Studio

Multi-Family Home for sale in Tacoma, WA

for $6,500,000. This home was built in 1976 on a lot size of 2.9883.

We are pleased to present Canyon Ridge Apartments, a well-maintained 36-unit community in Puyallup. This offering provides a value-add investment opportunity with recent capital improvements. The property features a mix of 1&2 BD units, averaging 728SF, with 30 of the 36 units recently remodeled to include new flooring, baseboards, paint, lighting, appliances, and updated bathrooms - half of which also received new cabinets. Enhancements include double-pane vinyl windows and 5 on-site laundry rooms with coin-operated machines, all newly installed in December 2024 and fully owned by the property. Recent exterior upgrades include new roofs, paint, and seal coating in 2022, curbing, striping, and landscaping updates in 2025.

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Multi-Family Active

Price

$ 6,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 59,976

Style

10+ Units

Lot Size

2.9883

Year Built

1976

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2375065
Features
General
Living Area 0
Sewer Septic Tank
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Security Features Partially Fenced
Year Built 1976
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 436668
Insurance Expense 16918
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Summit
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions Take exit 135 from I-5 S. Take Pioneer Way E and Canyon Rd E to 96th St E in Summit. Turn right onto 96th St E.
City Tacoma
Senior Community Y/N N
High School District Puyallup
Zoning Description Multi-Family
Open Parking Spaces 60
Number Of Units Total 36
MLS Area 79 - Puyallup
Lot Size Units Square Feet
Lot Size Square Feet 130170
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 59976
Electric Expense 0
Fuel Expense 0
Public Remarks We are pleased to present Canyon Ridge Apartments a well-maintained 36-unit community in Puyallup. This offering provides a value-add investment opportunity with recent capital improvements. The pr
Leasable Area 26220
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry
Units Below Grade false
Water Sewer Garbage 39557
Property Style 56 - 10+ Units
Cap Rate 6.48
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Exterior
Exterior Amenities Brick Wood
Lot Features Paved Sidewalk
Total Parking 60
Foundation Details Slab
Building Area Total 0
Lot Size Acres 2.9883
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially
Parking Uncovered Spaces 60
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Interior
Flooring Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2375065
Street Number 1 5211
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* Excluded Features
List By
Steve Fischer

Listing Agent

Northmarq Multifamily, Llc

Broker

Affordability Calculator

$45,550
Per Month
89%
11%
0%
Monthly Principal & Interest
$40,552
Monthly Property Taxes
$4,998
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258414 Elementary School
257344 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/17/2025$6,500,000 -1.52% Price Down
7/25/2025$6,600,000 -2.94% Price Down
5/13/2025$6,800,000 Listed Price

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5211 E 96th Street, Tacoma, WA, 98446 is a Multi-Family Home for sale at $6,500,000 with a lot size of 2.9883. 5211 E 96th Street is a studio with 0.0 baths and was built in 1976. The property's zip code is 98446 which is in Tacoma, WA

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