exclusively offered by berkadia seattle
CAMDEN TERRACE
8 Value-Add Units Near Tacoma's Desirable North End, Minutes to Narrows Bridge
6208 & 6212 N 26th St Tacoma, WA 98407
Highlights8
UNits
$1.825M
Price
7,904
NRSF
1973 / 2017
YEAR BUILT /
RENOVATED
2
Stories
investment highlights
Thoughtful Design: Well-designed two-bedroom, one-and-a-half bathroom units featuring modern finishes, new hard surface flooring, and in-unit washers and dryers.
Prime Location: Adjacent to Tacoma’s desirable North End and just north of Ruston Way, providing easy access to waterfront dining, shopping, and entertainment; minutes from the Tacoma Narrows Bridge with close proximity to grocery stores, gyms, coffee shops, and daily conveniences.
Stable Occupancy: Fully occupied with no delinquency, ensuring reliable rental income for new ownership.
Quality Cap-Ex Upgrades: Recent upgrades include a new 30-year roof on building 6212 and 50-gallon water heaters throughout the property.
Competitive Market Rents: Rents are set just below the highest achieving rate of $1,895, proving the opportunity for further rental upside.
Strong Rental Market: In Tacoma, 45% of housing units are renter-occupied, with 2024 move-ins outperforming 2023; 66% of workers are in white-collar positions, with an average household income of nearly $115,000.
Additional Upside: Higher rent premiums can be achieved through an expanded renovation scope.
Fully-Occupied, Well-Maintained Property
contact us to learn more
primary contact
INVESTMENT SALES
mortgage banking
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3720
Seattle, WA 98101
206.521.7220
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