1420 S J Street, Tacoma, Washington, United States, 98405
1,500,000
for Sale
3,250
About the property:
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.
- Property Type:
- MULTI FAMILY
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.0746
- Directions:
- From Pacific Ave downtown, take S 48th St, Turn right onto S Yakima Ave, Merge onto S Thompson Ave, Turn left onto S 15th St, Turn right onto S J St. Destination will be on the left.
- Is Art:
- Yes
- Is Bed:
- Yes
- Is Building:
- Yes
- Is Entertainment:
- Yes
- Is I C I:
- Yes
- Is Investment:
- Yes
- Is Medical:
- Yes
- Is Other:
- Yes
- Is Transportation:
- Yes
- Is Triplex:
- Yes
- Is Unit:
- Yes
- Annual Property Taxes:
- 3,571
- Listing ID:
- 2601068
Rooms
Dimensions
Brokered by:
Lee & Associates Commercial Re
Presented By:
Presented By: