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7902 27th St W
University Place, WA 98466

$3,300,000 USD

Apartments For Sale • 23,000 SF

Property Details

Property Type Apartments
Total Building Size 23,000 SF
Lot Size 0.63 AC
Building Class B
Year Built 1961
Zoning MU

30 Transit Score

60 Walk Score

                
                    Highlights
                
                                Income Growth Opportunity: Current rents are approximately 6.53% below market, offering a clear path to increased revenue and NOI growth 
                            
                                Attractive In-Place Yield: Offered at a 6.35% capitalization rate on $209,664 NOI 
                            
                                Mixed-Use Income Stream: Diversified revenue from 10 residential units and 9 commercial suites 
                            
                                Efficient Scale: Approximately 15,400 SF total, including 8,000 SF residential and 7,400 SF commercial 
                            
                                Strong Employment Drivers: Proximity to Joint Base Lewis-McChord, MultiCare Health System, and University of Washington Tacoma

Property Flyers

Prestige_OM RS

Amenities

Heating
Kitchen
Range
Carpet

Public Transportation

Commuter Rail	Drive	Walk	Distance
	11 min	-	4.7 mi
Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	14 min	-	6.9 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	44 min	-	27.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	38
Type:	Surface
Included in Rent:	Yes

Steve Fischer 425-830-2254 Northmarq

7902 27th St W University Place, WA 98466