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1223 S J St
Tacoma, WA 98405 Stadium District

$1,550,000 USD

Apartments For Sale  •  12,000 SF

Property Details

• Property Type Apartments
• Total Building Size 12,000 SF
• Lot Size 0.09 AC
• Building Class C
• Year Built 1900
• Cap Rate 6.33 %
• Zoning R4

0 Transit Score

90 Walk Score

Highlights

All Major Systems Upgraded

Over 65% of the Units Upgraded

NOI Upside of approximately 16%

Cash on Cash Year One 7.31%

Cash on Cash Year Two Stabilized 10.85%

Financial Summary (Actual)

Net Operating Income: $114,020 USD (2023)

Cap Rate:	6.33 %
Total Expenses:	$65,872 USD

Amenities

• Laundry Facilities
• Kitchen
• Hardwood Floors
• Storage Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	4 min	-	1.9 mi
South Tacoma Station (Seattle - Tacoma/Lakewood - Sound Transit)	8 min	-	4.5 mi
Transit/Subway	Drive	Walk	Distance
Hilltop District (Tacoma Dome - St Joseph - Sound Transit)	0 min	3 min	0.2 mi
St Joseph (Tacoma Dome - St Joseph - Sound Transit)	0 min	7 min	0.4 mi
6Th Ave (Tacoma Dome - St Joseph - Sound Transit)	1 min	10 min	0.5 mi
Commerce Street Station (Tacoma Dome - Commerce St. - Sound Transit, Tacoma Dome - St Joseph - Sound Transit)	1 min	11 min	0.6 mi
Convention Center/South 15Th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	1 min	12 min	0.7 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	36 min	-	22.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	12
Type:	Surface
Included in Rent:	Yes