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Chandler Street Apartments 3332 Chandler St 8 Unit Apartment Building $1,970,799 CAD ($246,350 CAD/Unit) 6% Cap Rate Tacoma, WA 98418
EXECUTIVE SUMMARY
The Chandler Street Apartments presents a stabilized 8-unit multifamily investment offering a current 6.0% cap rate with upside to 6.8%. The property consists of eight 1-bed x 1-bath units and is 100% occupied with historically low turnover, providing immediate and reliable cash flow. Recent interior upgrades include new LVP flooring, updated kitchen countertops, and refreshed bathroom cabinetry. Exterior capital improvements feature new paint, a repaved and striped parking lot, and a secure gated entry. Tenant amenities include on-site laundry, storage, and off-street parking. Centrally located with convenient access to I-5, SR-16, transit, shopping, and dining.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,970,799 CAD | Property Subtype | Apartment |
| Price Per Unit | $246,350 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6% | Lot Size | 0.19 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,656 SF |
| Gross Rent Multiplier | 11.03 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1979 |
| Property Type | Multifamily | Parking Ratio | 2.25/1,000 SF |
| Zoning | R4, Tacoma | ||
| Price | $1,970,799 CAD |
| Price Per Unit | $246,350 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.03 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,656 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | R4, Tacoma |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 576 |
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PROPERTY TAXES
| Parcel Number | 298000-0720 | Improvements Assessment | $1,105,211 CAD |
| Land Assessment | $278,640 CAD | Total Assessment | $1,383,850 CAD |
PROPERTY TAXES
Parcel Number
298000-0720
Land Assessment
$278,640 CAD
Improvements Assessment
$1,105,211 CAD
Total Assessment
$1,383,850 CAD
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Chandler Street Apartments | 3332 Chandler St
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