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exclusively offered by berkadia seattle
91-Unit Exceptional Turnkey Property in a Pivot Point Location
8726 – 8736 S Hosmer St Tacoma, WA 98444
highlights
2024
year renovated
total units
91
Buildings
6
year built
1983
AVG Unit Size
387 SF
investment highlights
Turnkey Asset Priced Below Replacement Cost: This garden-style property, originally built in 1983, underwent meticulous renovations in 2024, transforming it into a brand new multifamily community with high-quality interior finishes and abundant community amenities.
Compelling Pricing: Indigo offers a strong value proposition with significant rent growth potential; market rents are projected to increase 12% over current rates.
Significant Capital Improvements: Ownership invested over $3 million in capital improvements, remodeling all unit interiors; enhancements include restriping and resealing the parking lot, a complete remodel of the clubhouse and business office, upgrading electrical and plumbing systems, installing new gas boilers, and enhancing fire protection measures.
High-End Amenities Offer Competitive Advantage: Spanning nearly three acres, this low-density property boasts highly attractive community amenities, such as a clubhouse with a coffee bar and entertainment center, leasing office, fitness center, gated entryway, and community laundry facilities; luxury apartment features include air conditioning, energy-efficient stainless-steel appliances, private patios, wood-style flooring, and modern lighting and fixtures.
Meticulously Renovated, Conveniently Located, Priced Below Replacement Cost
contact us to learn more
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
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offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3909
Seattle, WA 98101
206.521.7220
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overview
deal room
contact
listings
avg unit size
576 SF
Market cap rate
6.78%
year built
1925
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Primary contact
Steven Chattin
email
Call
contact us to learn more
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
Senior Director 206.484.8114 brandon.lawler@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
Senior Director 206.491.2008 chad.blenz@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
Managing Director 206.999.3206 jay.timpani@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
Managing Director 425.269.3826 steven.chattin@berkadia.com
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Primary contact
Brandon Lawler
email
Call
Ideal Unit Mix with Tremendous Upside: The property consists of 73 studios, 17 one-bedroom units, and a spacious two-bedroom unit, offering high rents per square foot and the opportunity to increase net operating income by 8.7% with minimal expense adjustments and by aligning rents with market rates.
Prime Location: Tacoma provides a robust rental market and exceptional quality of life, supported by a diverse economy in healthcare, education, trade and transportation, and military defense; located just off Interstate 5, Indigo offers easy connectivity to employment hubs, outdoor activities, Lakewood Towne Center, and school systems.
Bus and Light Rail Service: Indigo is an 8-minute drive from Hilltop Station, less than 6 miles from the planned St. Joseph Light Rail station, and 0.1 miles from Bus Line 55, which services Parkland, Lakewood, and Downtown Tacoma.