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5416 S M Street, Tacoma, WA 98408

Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: jonathan d. bye
Office: john l. scott, inc
MLS#:2428904
Source:NWMLS
5416 S M Street,Tacoma, WA 98408
$4,150,000
  • - Beds
  • - Baths
  • 12,672 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$4,150,000
  • Price per sq. ft.:$327.49

About this home

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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Home facts

  • Year built:1963
  • Listing ID #:2428904
  • Updated:January 31, 2026 at 01:27 AM

Rooms and interior

  • Living area:12,672 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Forced Air

Structure and exterior

  • Roof:Flat Roof
  • Year built:1963
  • Building area:12,672 sq. ft.
  • Lot area:0.34 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$4,150,000
  • Price per sq. ft.:$327.49
  • Tax amount:$38,845 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of January 31, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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