Rainier View Court Townhomes — Sale in Tacoma, WA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Tacoma, WA 98445
Photos
Investment Figures
- Cap rate
- 5.55%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Rainier View Court presents an exceptional investment opportunity with both operational stability and future flexibility. The property is currently operated as rental apartments and benefits from strong demand for large-format, townhome-style housing in a growing Pierce County submarket. Its newer construction and durable building materials minimize ongoing capital expenditure requirements, while the high-quality finishes and garage parking support sustained rental performance. Additionally, the property is already prepared for condominium conversion, providing a secondary exit strategy through individual unit sales when market conditions warrant. This combination of modern construction, premium unit mix, and optionality positions Rainier View Court Townhomes as a compelling long-term investment for both income-focused and value-oriented buyers. Investment Highlights: • Built in 2021 with modern finishes, providing a stabilized asset with low maintenance needs and long-term appreciation potential. • Large townhome-style units with high-end finishes and garage parking drive strong tenant demand and support premium rental positioning in the Frederickson submarket.
Market Context
This multifamily in Tacoma, WA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Tacoma, WA — view the full market.
As of Q1 2026, the Seattle / Bellevue multifamily market showed a 7.3% vacancy rate, and average asking rents near $2004.00/unit/mo. Source: multiple brokerage reports, Q1 2026.
Multifamily market FAQ
- Is the Seattle / Bellevue multifamily market tightening or softening?
- Vacancy is around 7.3% (Q1 2026).
Contact
- Scott Morasch · (206) 826-5724 · scott.morasch@marcusmillichap.com
- Kellan Moll · (206) 826-5692 · kellan.moll@marcusmillichap.com
Explore this market
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