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26552391
26552382

4546 S Junett St, Tacoma, WA 98409

BB
WA 22027044, WA
Bruce Barker
BN
WA 74897
Kidder Mathews
Listed by Bruce Barker, Kidder Mathews
$6,250,000
286 days on market
Updated 71 days ago

Hallie Court

Details
APN 2890001980, 2890001970
Property Type Multifamily
Sub Type Apartment Building
Square Footage 21,425
Units 24
Cap Rate 6.00%
Price per SqFt $292
Year Built 2024
Acreage 0.380

Multifamily | 24 Units | $260,417/unit

Marketing description

Hallie Court Apartments is a newly constructed 24-unit multifamily community located on Junett Street in South Tacoma, Washington. Completed in 2024, the property features a low-rise building situated on a 0.39-acre site, offering a mix of modern one- and two-bedroom units ranging in size from approximately 681 to 845 square feet. The building is thoughtfully designed with upscale interior finishes, including granite countertops, stainless steel appliances, vinyl plank flooring, and in-unit washers and dryers. Each apartment also features open-concept layouts, ample natural light, and patios or balconies, enhancing the living experience for residents. The development includes controlled access for added security and also pet-friendly, allowing both cats and dogs (with weight limits and pet fees), making it an appealing option for renters with small pets. Monthly rents are competitive for the South Tacoma market, with one-bedroom units starting around $1,495 and two-bedroom units ranging up to $1,795. Additional monthly charges apply for utilities, parking, and pet rent. Strategically located near I-5, the property provides easy access to regional employment hubs, including downtown Tacoma and Joint Base Lewis-McChord. The neighborhood is walkable and bikeable, with nearby parks, schools, shopping centers, and restaurants including Tacoma Mall, Costco, The Cheesecake Factory, and Bluebeard Coffee. Public transit options are also readily available, enhancing the property’s appeal to commuters and car-free households. Hallie Court’s modern finishes and boutique scale help it stand out in the South Tacoma submarket. These differentiators, along with responsive management and well-maintained grounds, position the property as an attractive choice for young professionals, small families, and downsizing renters. In summary, Hallie Court Apartments offers a high-quality residential experience in an emerging area of Tacoma. With contemporary design, thoughtful amenities, and strong proximity to transportation and lifestyle conveniences, the property is well positioned to attract and retain tenants seeking comfort, convenience, and value in a professionally managed setting.

Investment highlights

  • BONUS DEPRECIATION The property has 88.7 improvement to 11.3% land ratio
  • allowing for greater percentage of depreciation.
  • 12-YEAR TAX EXEMPTION This property has a 12-year tax exemption that allow for greater cash-on-cash opportunity for investors.
  • LOCATION Situated in a high-demand rental submarket and fast lease up period near Tacoma, Joint Base Lewis-McChord, and I-5 access to Seattle. Walking distance to public transportation, major employers, and positioned with great street frontage along Junett St.

Listing Contacts

BB
WA 22027044, WA
Bruce Barker
BN
WA 74897
Kidder Mathews
Listed by Bruce Barker, Kidder Mathews

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Additional Information

Name
Bruce Barker
License
22027044
Brokerage
Lee & Associates Commercial Real Estate Services
Title
Associate Vice President
Brokerage Address
950 Pacific Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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