$1,500,000
Est. $8,129/mo1420 S J Street, Tacoma, WA 98405
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Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
About this home
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 efficiency of a professionally operated investment asset. The one-bedroom residences feature modern interiors, quartz countertops, stainless steel appliances, in-unit washer and dryer, air conditioning, and abundant natural light, with select units offering Mt. Rainier and regional views. A key investment advantage is the property’s approximately 11 years of remaining tax abatement, reducing property tax burden and enhancing 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, dining, entertainment and regional transportation. Its central location may also provide additional 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, low-maintenance asset with attractive income and operational flexibility.
Listed by Nisha A Tomar • Lee & Associates Commercial RE
Listing updated: November 4, 2026 at 02:40pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2601068
Around this home
How much should you offer?
1420 S J Street, Tacoma, WA 98405
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
Flooring
- Vinyl Plank
Heating & cooling
- Baseboard heating
- Central Air cooling
Schools
Ratings via SchoolDigger- Edna Travis Elementary SchoolPublic · Grades PK-5 · 0.5 mi · State rank 1,101 of 1,1381/10
- Bryant Montessori Middle SchoolPublic · Grades 6-8 · 0.7 mi · State rank 283 of 5144/10
- Bates Technical High SchoolPublic · Grades 9-12 · 0.3 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 6
- Units in building
- 6
- Units below grade
- false
Income & expenses
- Gross scheduled income
- $114,264
- Total monthly income
- $9,681
- Additional monthly income
- $635
- Gross adjusted income
- $108,551
- Net operating income
- $89,668
- Cap rate
- 6%
- Gross rent multiplier
- 13.1
- Vacancy rate
- 5%
- Total expenses
- $26,503
- Insurance
- $2,800
- Other expenses
- $12,932
- Water / sewer / garbage paid by
- 7200
Taxes & assessment
- Annual taxes
- $3,571
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 1420 S J Street
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Nov 4, 2026ListedNWMLS via MLS Grid · #2601068$1,500,000
Mortgage payment forecast
$8,802 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Lee & Associates Commercial RE; Nisha A Tomar; 253-722-9203; ntomar@lee-associates.com
Market pulse
Tacoma is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 68 days.
Recent sales nearby
Within 1 mile · last 6 months$395,000 Sold
5 days ago
3 bd•1.75 ba•~1,617 sq ft•Single Family
1702 S Ainsworth Avenue, Tacoma, WA 98405
0%
Over list
55
Days on market
0.4 mi
Distance
$489,999 Sold
6 days ago
4 bd•1.75 ba•~1,664 sq ft•Single Family
2340 S M Street, Tacoma, WA 98405
1%
Over list
54
Days on market
0.7 mi
Distance
$450,000 Sold
1 week ago
•Single Family
817 S 13th street, Tacoma, WA 98405
10%
Under list
74
Days on market
0.2 mi
Distance
$589,000 Sold
2 weeks ago
4 bd•2 ba•~2,040 sq ft•Single Family
1460 S Fife Street, Tacoma, WA 98405
0%
Over list
97
Days on market
1.0 mi
Distance
$424,000 Sold
2 weeks ago
2 bd•1.5 ba•~1,016 sq ft•Single Family
1717 S 17th Street, Tacoma, WA 98405
0%
Over list
39
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 10:58 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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