733 10TH ST NE, AUBURN, WA 98002
Pinehurst Apartments
Marcus & Millichap are pleased to present Pinehurst Apartments, a well-maintained 16-unit community constructed in 1968, located at 733 10th Street NE, Auburn, WA 98002. This property offers a light value-add investment opportunity with recent capital improvements and modernized interiors. The current owner has renovated the interiors of fourteen of the sixteen units, installed double pane vinyl windows and has performed exterior upgrades that include new roofs, exterior painting and light landscaping.
PRICE
$3,400,000
YEAR BUILT
1968/2022
# OF UNITS
16
RENTABLE SF
12,000 SF
LOT SIZE
0.61 AC
AVG UNIT SF
750 SF
1411 S UNION AVE, TACOMA, WA 98405
Union Green Apartments
Marcus & Millichap presents Union Green Apartments, a 12-unit, extensively renovated multifamily asset built in 1968 in Tacoma, WA. The property offers a well-balanced unit mix of four one-bedroom, six two-bedroom, and two three-bedroom units. Offered at $2,000,000 ($166,667/unit) with a going-in cap rate exceeding 6.3%, the property combines strong in-place cash flow with clear value-add upside — including a proven in-unit laundry program and the potential addition of a 13th unit. Eight years of completed capital improvements and fully renovated interiors minimize near-term capex, while current rents sitting below market offer a clear path to further NOI growth.
PRICE
$2,000,000
YEAR BUILT
1968
# OF UNITS
12
RENTABLE SF
11,100 SF
LOT SIZE
0.55 AC
AVG UNIT SF
887 SF
812 10TH ST NE, AUBURN, WA 98002
Lobdell Apartments
Marcus & Millichap are pleased to present Lobdell Apartments, a well-maintained 48-unit community located at 812 10th Street NE in Auburn, Washington. The property has benefited from significant capital improvements, including a full down-to-the-studs renovation in 2007–2008, a new roof in 2019, and recent interior updates to 29 units since 2024. Lobdell offers investors a stabilized asset with strong in-place income and additional upside through continued unit renovations in a well-connected South King County location.
PRICE
$8,000,000
YEAR BUILT
1965/2007-2008
# OF UNITS
48
RENTABLE SF
22,780 SF
LOT SIZE
1.23 AC
AVG UNIT SF
475 SF
1401 N PEARL ST, TACOMA, WA 98406
Pearl Manor
Marcus & Millichap is pleased to present Pearl Manor Apartments, a 16-unit, 55+ senior-oriented community in Tacoma's desirable West End neighborhood. Built in 1967, the single-story brick building features a courtyard-style layout, pitched composition roof, mature landscaping, and ample parking. Ownership has completed significant capital improvements, including renovated interiors, upgraded electrical, PEX plumbing, and in-unit washers/dryers in most units — offering investors a well-maintained, age-restricted asset in a premier North Tacoma location.
PRICE
$3,075,000
YEAR BUILT
1967
# OF UNITS
16
RENTABLE SF
12,400 SF
LOT SIZE
0.90 AC
AVG UNIT SF
775 SF
UNDER CONTRACT
1425 N PEARL ST, TACOMA, WA 98406
Pearl Plaza
Marcus & Millichap is pleased to present Pearl Plaza Apartments, a 38-unit market-rate apartment community in Tacoma's desirable West End neighborhood. Built in 1970, the single-story brick buildings feature courtyard-style layouts, pitched composition roofs, mature landscaping, and ample parking. Ownership has completed significant capital improvements, including renovated interiors, upgraded electrical, PEX plumbing (in most), and in-unit washers/dryers in the majority of units — presenting a compelling investment opportunity in a premier North Tacoma location.
PRICE
$7,350,000
YEAR BUILT
1970/2016
# OF UNITS
38
RENTABLE SF
28,400 SF
LOT SIZE
1.88 AC
AVG UNIT SF
747 SF
17825 22ND AVE E, FREDERICKSON, WA 98445
Rainier View Court Townhomes
Marcus & Millichap is pleased to present the opportunity to acquire Phase II of the Rainier View Court Townhomes, a 12-unit townhome-style multifamily community completed in 2021 and located at 17821– 17825 22nd Ave E in Frederickson, Washington. Tucked behind an established condominium community, the property offers a quiet, residential setting paired with modern construction, upscale finishes, and spacious floor plans that appeal to long-term tenants. Built with longevity in mind and maintained in excellent condition, Rainier View Court provides investors with a stable, low-maintenance asset and a compelling long-term hold opportunity.
PRICE
$4,950,000
YEAR BUILT
2021
# OF UNITS
12
RENTABLE SF
20,721 SF
LOT SIZE
0.62 AC
AVG UNIT SF
825 SF
