901E 72ND ST, TACOMA, WA 98404
Legacy Ridge
Legacy Ridge Apartments is a 40-unit, 2015-built community located in Tacoma. With over 87% of units renovated, modern in-unit amenities, and a unique tenant partnership with Planet Fitness, the property attracts quality residents and achieves premium rents. Investors benefit from strong in-place cash flow, operational efficiencies, and continued upside in cash flow.
PRICE
TBD
YEAR BUILT
2015/2022
# OF UNITS
40
RENTABLE SF
32,104 SF
LOT SIZE
1.09 AC
AVG UNIT SF
803 SF
29905 118TH AVE SE, AUBURN, WA 98092
Auburn Land
Marcus and Millichap is pleased to offer for sale the development site with a single family home located at 29905 118th Ave SE in Auburn, Washington. The property consists of one parcel of land totaling 4.59 acres and offered at a total price of $2,100,000 or $10.49 per square foot. With the current Zoning of R-7, a single-family builder can net approximately 32 dwelling units. Access to the site is off 118th Ave SE. Currently there is one structure on the site which is occupied by the ownership.
PRICE
$2,100,000
YEAR BUILT
1964
# OF UNITS
1
RENTABLE SF
1,640 SF
LOT SIZE
4.59 AC
ZONING
R-7
14081 58TH AVE S, TUKWILA, WA 98168
Riverside Terrace
Riverside Terrace Apartments is a 13-unit community in Tukwila, WA, offering stable income with significant upside. Built in 1967 and last renovated in 2015, the property is well-maintained yet primed for value-add upgrades, with potential rent growth of up to 23% and NOI increases of 36%. The 0.94-acre HDR-zoned site also allows for expansion with eight additional units or a redevelopment of up to 30 units, providing multiple avenues for long-term growth.
PRICE
$3,025,000
YEAR BUILT
1967
# OF UNITS
13
RENTABLE SF
12,440 SF
LOT SIZE
0.94 AC
AVG UNIT SF
957 SF
5416 S M ST, TACOMA, WA 98408
White Rock Apartments
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.
PRICE
$4,150,000
YEAR BUILT
1963/2025
# OF UNITS
30
RENTABLE SF
12,390 SF
LOT SIZE
0.34 AC
AVG UNIT SF
413 SF
808-908 I ST NE, AUBURN, WA 98002
Cambridge Lane Apartments
Marcus & Millichap is pleased to present Cambridge Lane Apartments, a well-maintained 24-unit single story fourplex community constructed in 1968. The property is in excellent condition and has recently received interior renovations to sixteen of the units, as well as exterior improvements that include new roofs on half of the buildings. This well positioned property presents an excellent opportunity for investors seeking a high-quality asset with current upside and long-term potential.
PRICE
# OF UNITS
LOT SIZE
$5,450,000
24
1.43 AC
YEAR BUILT
1968/2022
RENTABLE SF
17,862 SF
AVG UNIT SF
744 SF
UNDER CONTRACT
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. The property is in excellent condition and has recently received interior renovations to fourteen of the units, as well as exterior upgrades that include new roofs, exterior paint, and improved landscaping. Through operational improvements, a new owner will benefit from the opportunity to increase the current EGI by an estimated 9% by increasing the monthly rents and utility bill-back to match comparable properties in the area. Pinehurst presents an excellent opportunity for an investor seeking a high-quality asset with ease of management and long-term upside.
PRICE
$3,570,000
YEAR BUILT
1968/2022
# OF UNITS
16
RENTABLE SF
12,000 SF
LOT SIZE
0.61 AC
AVG UNIT SF
750 SF
