Property Details
1002 N J Street
Tacoma, WA 98403
$3,250,000
Active
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Property Overview
Marguerite Apartments is a meticulously well-maintained 14-unit apartment investment opportunity located in an "A" North Tacoma location. Nine of the fourteen apartments have been renovated to include; stainless steel refrigerators, sinks, oven/range and dishwashers, new lighting fixtures, new luxury vinyl plank flooring in living room, dining room, and kitchen, granite kitchen and bathroom countertops, tile flooring in the bathrooms. The property features a desirable unit mix consisting of 7 one-bedroom units averaging 477 square feet, 6 two-bedroom units averaging 920 square feet, and a top-floor, penthouse suite with ocean views spanning 1,200 square feet, also equipped with a private roof-top deck. There are 13 on-site parking spots.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
North Tacoma
Listed
Aug 26, 2025
Financial Summary
Cap Rate
4.11%
Net Operating Income
$133,451
Gross Scheduled Income
$227,400
Gross Rent Multiplier
14.29
Total Expenses
$99,681
Vacancy Rate
5.0%
Building & Use
Leasable Area
10,033 sqft
Total Units
14
Year Built
1967
Exterior & Lot
Lot Size
0.20 sqft
Year Built
1967
Exterior Materials
Brick
Sewer
Sewer Connected
Exterior Features
Brick
Location
City
Tacoma
County
Pierce
Coordinates
47.26484, -122.46389
Additional Information
Tax Year
2024
Annual Taxes
$32,117
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
