2726 North 30th Str

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2726 North 30th Str

Tacoma, WA 98407
Asking Price
$1.40M
Asset Type
Multifamily
Class
Class B

What's Special

Situated at 2726 North 30th Street, this multifamily property is located in the Old Town neighborhood of Tacoma. The district is characterized by a mix of historic architecture and contemporary residential developments overlooking Commencement Bay. Residents have immediate access to the Ruston Way waterfront, which features a paved recreational trail and numerous dining establishments. The property is positioned near North 30th Street’s small business corridor and is approximately two miles from the University of Puget Sound. Transit access includes local Pierce Transit bus routes and proximity to the Schuster Parkway for commutes to downtown Tacoma. The asset is suited for a multifamily rental strategy targeting a diverse professional tenant base. Its location near downtown employment hubs and educational institutions makes it a viable option for healthcare workers, faculty, and urban professionals seeking proximity to both natural amenities and city services. The layout supports occupancy for individuals or small households looking for a pedestrian-friendly environment within a established residential pocket. The property offers long-term utility for investors looking to provide housing in a high-demand submarket with limited new inventory.

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NOI
$80,000
Cap Rate
5.73%
DSCR
0.97
Underwater
Cash-on-Cash
-0.67%
Monthly Payment
$6,901.699
Annual Cash Flow
$-2,820.386

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