2102 - 2104 62nd Ave E
Fife WA 98424
Fife Village Apartments
2102 - 2104 62nd Ave E Fife WA 98424
Listing #: 707033 | Status: Pending | Last Modified: 3/25/2026 |
For Sale
- Phone:(206) 826-5692
- Email:kellan.moll@marcusmillichap.com
- Office Name:Marcus & Millichap, Inc.
- Office Phone:(206) 826-5700
- Office Website:www.marcusmillichap.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 2,100,000.0
- $/SF$ 76.3
- $/Unit$ 2,100,000.0
- Listing StatusPending
- Days on Market112
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income153,840
- Vacancy Factor %0.00%
- Operating Expenses125,382
- Net Operating Income28,458
- CAP Rate 1.36 %
- 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
- CAP Rate 1.36 %
- Building StatusExisting
- # of Buildings2
- # of Floors2
- # of Units16
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF13728
- Net Rentable Area27510
- Total Office SF
- Largest Contiguous SF
- Lot SF47480
- Acres1.09
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaPort of Tacoma/Fife
- Tax ID #0420076004
- Additional Parcels
- ZoningHDR
- # Covered Spaces16
- # Uncovered Spaces14
- Total Parking Spots30
- Parking Ratio
- Year Built1984
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Fife Village Apartments
We are pleased to exclusively present for sale Fife Village Apartments, a 16-unit multifamily community located in Fife, Washington. Constructed in 1984, the property consists of two two-story, wood-frame buildings situated on slab-on-grade foundations with T-1 11 siding and pitched composition roofing. The asset benefits from copper plumbing and largely copper electrical wiring, with nearly all interior unit electrical panels having been updated over time. The property has been family-owned and operated for two generations, with ownership consistently maintaining the asset throughout its hold period. Recent capital improvements include the replacement of siding around the chimney stacks on both buildings. While select interior upgrades have been completed as units have turned, the majorit











