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Rainier View Court Townhomes 17825 22nd Ave E 12 Unit Apartment Building $6,767,789 CAD ($563,982 CAD/Unit) 5.55% Cap Rate Tacoma, WA 98445
Investment Highlights
- Built in 2021 with modern finishes, providing a stabilized asset with low maintenance needs and long-term appreciation potential.
- Mix of 2- and 3-story townhomes with condo-ready setup allows continued rental income today and a future exit through individual unit sales.
- Large townhome-style units with high-end finishes and garage parking drive strong tenant demand and support premium rental positioning in the Frederic
Executive Summary
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.
excellent condition, Rainier View Court provides investors with a stable, low-maintenance asset and a compelling long-term hold opportunity.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,767,789 CAD | Apartment Style | Townhome |
| Price Per Unit | $563,982 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 5.55% | Building Size | 20,721 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | NCOR | ||
| Price | $6,767,789 CAD |
| Price Per Unit | $563,982 CAD |
| Sale Type | Investment |
| Cap Rate | 5.55% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 20,721 SF |
| No. Stories | 3 |
| Year Built | 2021 |
| Zoning | NCOR |
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Property Taxes
| Parcel Number | 500395-0013 | Improvements Assessment | $4,898,375 CAD |
| Land Assessment | $871,062 CAD | Total Assessment | $5,769,437 CAD |
Property Taxes
Parcel Number
500395-0013
Land Assessment
$871,062 CAD
Improvements Assessment
$4,898,375 CAD
Total Assessment
$5,769,437 CAD
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Rainier View Court Townhomes | 17825 22nd Ave E
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