5416 S M Street Tacoma, WA $ 4,150,000
5416 S M Street
$ 4,150,000
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5416 S M Street

Tacoma, WA, 98408
$ 4,150,000
Baths0.0 Sq 12,672

Monthly Estimate*

$ 25,891

Listed by John L. Scott, Inc
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Studio

Multi-Family Home for sale in Tacoma, WA

for $4,150,000. This 12,672 square foot home was built in 1963 on a lot size of 0.3357.

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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Multi-Family Active

Price

$ 4,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 38,845

Style

10+ Units

Lot Size

0.3357

Year Built

1963

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2428904

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling Central A/C
Possession Subject to Tenant Rights
Roof Flat
HOA Fee 0
Year Built 1963
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 324402
Insurance Expense 32036
New Construction N
Property Type Residential Income
HOA N
Subdivision Name South Tacoma
Special Listing Conditions None
Status Active
Directions From I-5 Take exit 130 for 56th St toward Tacoma Mall Blvd merge onto S 56th St turn Left on S M St Apartment complex on Left.
City Tacoma
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 15
Number Of Units Total 6
MLS Area 51 - South Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 14625
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 38845
Electric Expense 0
Fuel Expense 0
Public Remarks 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
Leasable Area 12390
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Coin Op Laundry Storage
Units Below Grade false
Units In Building Total 30
Water Sewer Garbage 31537
Property Style 56 - 10+ Units
Cap Rate 7.82
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Exterior
Exterior Amenities Wood
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 15
Building Area Total 12672
Lot Size Acres 0.3357
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 15
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N Y
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 NWM2428904
Street Number 1 5416
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* Excluded Features
List By
Jonathan D. Bye

Listing Agent

John L. Scott, Inc

Broker

Affordability Calculator

$29,128
Per Month
89%
11%
0%
Monthly Principal & Interest
$25,891
Monthly Property Taxes
$3,237
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
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/5/2025$4,150,000 Listed Price

Map


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5416 S M Street, Tacoma, WA, 98408 is a Multi-Family Home for sale at $4,150,000 with 12,672 sqft and a lot size of 0.3357. 5416 S M Street is a studio with 0.0 baths and was built in 1963. The property's zip code is 98408 which is in Tacoma, WA