LISTING DETAILS

Marguerite Apartments

1002 N J St Tacoma WA 98403

Listing #: 701556 | Status: Available | Last Modified: 4/9/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Investment Information
Investment Prop	Yes
Gross Income	0
Vacancy Factor %	0.00%
Operating Expenses	0
Net Operating Income	0
CAP Rate	7.22 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Retail Information
Signage	Signage on Building and Freestanding

Building Information
Building Status	Existing
# of Buildings	1
# of Floors	3
# of Units	14
Total Building SF	11,019 SF
Net Rentable Area	11,019 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	8,712 SF
Acres	0.2
Year Built	1967
Roof Type	Flat
Construction Type	Brick, Masonry, Wood

Property Type
Property Type	Multi-Family
Investment	Yes
Building Class	B

Location
County	Pierce
Market Area	North Tacoma
Tax ID #	2040200070
Zoning	HMR-SRD-VSD-25-HIST

Marguerite Apartments

Public Comments

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

Marguerite Apartments
1002 N J St Tacoma WA 98403

Listing #: 701556 | Status: Available | Listing Date: 8/21/2025 | Last Modified: 4/9/2026 | Email Listing

For Sale

Marguerite Apartments

Listing Images