1420 S J St

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Address: 1420 S J St, Tacoma, WA 98405, USA
Seattle & Northwest + Apartment Buildings
Created date: November 13, 2026
Date last updated: November 13, 2026
Price: $1,500,000Investment Analyzer NEW!
  • 11 YEARS OF TAX ABATEMENT
  • Approximately 11 years of remaining tax abatement reduces the property tax burden and enhances in-place cash flow, supporting stronger and more predictable returns.
  • NEW CONSTRUCTION / MINIMAL CAPEX
  • Newly constructed with modern building systems and finishes, reducing near-term capital expenditures and deferred maintenance risk.
  • MODERN TENANT AMENITIES
  • One-bedroom residences feature quartz countertops, stainless steel appliances, in-unit laundry, air conditioning and abundant natural light.
  • CENTRAL, TRANSIT-CONNECTED LOCATION
  • Conveniently located near Downtown Tacoma, St. Joseph Medical Center, Tacoma Link light rail, dining, services and major transportation corridors.
  • SHORT-TERM / FURNISHED RENTAL POTENTIAL
  • The central location may support furnished and short-term rental strategies targeting traveling professionals, corporate users and visitors, subject to applicable regulations and tax-abatement requirements.
  • BOUTIQUE SIX-UNIT DESIGN
  • Two triplex buildings provide residents with greater privacy while offering investors the efficiency and scalability of multifamily ownership.

Property Description

1420 S J Street presents an opportunity to acquire a newly constructed, six-unit multifamily property in Tacoma’s Hilltop/New Tacoma area. Designed as two three-story triplex buildings, the property combines the privacy of small-scale multifamily with the direct oversight of an owner-managed asset. The one-bedroom residences feature modern interiors, quartz countertops, stainless steel appliances, in-unit washers and dryers, air conditioning, and abundant natural light. Select units offer views of Mount Rainier and the surrounding region. A key investment advantage is the property’s approximately 11 years of remaining tax abatement, which reduces the property tax burden and enhances in-place cash flow. Located near St. Joseph Medical Center, Downtown Tacoma, and Tacoma Link light rail, the property offers convenient access to major employment centers, dining, entertainment, and regional transportation. Its central location may also provide flexibility for furnished or short-term rental strategies. With new construction, limited near-term capital requirements, a walkable urban location, and approximately 11 years of remaining tax abatement, 1420 S J Street offers investors a durable asset with income potential and operational flexibility.
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Broker Details

Nisha A Tomar
Nisha A Tomar

Lee & Associates Commercial Real Estate Services 253-238-2843

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,500,000
No. of Units: 6
Year Built: 2026
Lot Size: 0.07 Acres
Opportunity Zone: No
Price per unit: $250,000
Property Website Click Here
Address: 1420 S J St, Tacoma, WA 98405, USA
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