1002 N J St
Tacoma WA 98403
Marguerite Apartments
1002 N J St Tacoma WA 98403
Listing #: 701556 | Status: Available | Last Modified: 4/9/2026 |
For Sale
- Phone:(206) 618-2207
- Email:gabe@blakeia.com
- Office Name:Blake Investment Advisors
- Office Phone:(206) 619-3719
- Office Website:
- Agent Phone:
- Agent Email:josh@blakeia.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,250,000.0
- $/SF$ 294.9
- $/Unit$ 3,250,000.0
- Listing StatusAvailable
- Days on Market255
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 7.22 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units14
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF11019
- Net Rentable Area11019
- Total Office SF
- Largest Contiguous SF
- Lot SF8712
- Acres0.2
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaNorth Tacoma
- Tax ID #2040200070
- Additional Parcels
- ZoningHMR-SRD-VSD-25-HIST
- Year Built1967
- Year Renovated
- Completion Date
- Roof TypeFlat
- Construction TypeBrick, Masonry, Wood
Marguerite Apartments
INVESTMENT HIGHLIGHTS: ~True "A" North Tacoma Location Zero units are under construction in N. Tacoma submarket, when shovels go down returns go up as we enter a new rent growth cycle in coveted N. Tacoma. ~Well Maintained & Renovated New siding and paint, new roofs, nine units underwent renovations, positioning assets for immediate rent growth. ~Perfect Moderate Lift Value-Add New investor to complete renovations on five remaining units, add washers/dryers throughout, and convert the plumbed laundry room into a new studio apartment to boost income to 7.22% market cap rate. Plans for a new studio are included in the sale. ~Outsized Return Potential Prime market positioning creates a projected End-of-Year-5 capitalized value of $4,560,000, delivering a potential equity gain of $1
