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exclusively offered by berkadia seattle
21 units +3 commercial spaces
Porter Apartments3502 McKinley Ave | Tacoma, WA 98404
highlights
$3.25M
List Price
Residential units
21
commercial spaces
3
year built
1919
AVG Unit Size
610 SF
investmenthighlights
21 one-bed units and 3 occupied retail spaces in Tacoma’s charming and historic McKinley Hill neighborhood, a half-mile from the Tacoma Dome with incredible access to transit, employers, and UW Tacoma
Property is in primarily classic condition and offers an investor the opportunity to renovate and increase rents; one unit has been fully renovated with stainless-steel appliances, upgraded countertops, plank flooring, and new carpeting
Retail tenants include Fergie’s on the Ave restaurant, Parable bookstore, and an appliance repair shop; commercial tenants generate nearly $7k in monthly base rent across 2,459 square feet
Tremendous confidence in immediate area’s future rent growth with implementation of the McKinley Hill Neighborhood plan, supported by the City of Tacoma’s Comprehensive Plan
Well-Located and Highly Visible Property with Upside for $135K Per Door
contact us to learn more
Mitchell Belcher
Managing Director425.891.9594mitchell.belcher@berkadia.com
Steven chattin
Managing Director425.269.3826steven.chattin@berkadia.com
jay timpani
Managing Director206.999.3206jay.timpani@berkadia.com
chad blenz
Senior Director206.491.2008chad.blenz@berkadia.com
brandon lawler
Senior Director206.484.8114brandon.lawler@berkadia.com
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Bellevue, WA 98004
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206.521.7220
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overview
deal room
contact
listings
avg unit size
610 SF
commercial units
3
year built
1919
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.
© 2024 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
Brandon Lawler
email
Call
contact us to learn more
brandon lawler
Senior Director206.484.8114brandon.lawler@berkadia.com
Senior Director206.484.8114brandon.lawler@berkadia.com
chad blenz
Senior Director206.491.2008chad.blenz@berkadia.com
Senior Director206.491.2008chad.blenz@berkadia.com
jay timpani
Managing Director206.999.3206jay.timpani@berkadia.com
Managing Director206.999.3206jay.timpani@berkadia.com
Steven chattin
Managing Director425.269.3826steven.chattin@berkadia.com
Managing Director425.269.3826steven.chattin@berkadia.com
Mitchell Belcher
Managing Director425.891.9594mitchell.belcher@berkadia.com
Managing Director425.891.9594mitchell.belcher@berkadia.com
Primary contact
Brandon Lawler
email
Call
Neighborhood rated by the Urban Displacement Project as having high housing precarity and high residential displacement risk; property required to set aside 11 affordable units until July 10th 2029
Neighborhood rated by the Urban Displacement Project as having high housing precarity and high residential displacement risk; property required to set aside 11 affordable units until July 10th 2029