12712 C Street S, Tacoma, WA 98444

Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
#1#2#3
Listed by:coleton pantley
Office:compass
MLS#:2335254
Source:NWMLS
12712 C Street S,Tacoma, WA 98444
$5,800,000
  • - Beds
  • - Baths
  • 21,600 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$5,800,000
  • Price per sq. ft.:$268.52

About this home

Heather Court is a well-maintained, value-add investment opportunity offering strong growth potential and reliable returns. This 32-unit property, built in 1971 and renovated in 2017, blends modern upgrades with classic charm, featuring spacious one- and two-bedroom apartments averaging 675 SF. Recent improvements, including a new roof, updated exterior, and interior enhancements like hardwood floors and refreshed cabinetry, attract high-quality tenants and support rental income growth. With light upgrades, rents can be increased by 6.5%, achieving a projected 6.1% cap rate. Ideally located in Parkland, near major employers like Joint Base Lew-McChord, Boeing, and UW Tacoma, Heather Court benefits from strong rental demand.

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Home facts

  • Year built:1971
  • Listing Id #:2335254
  • Updated:August 08, 2025 at 12:17 AM

Rooms and interior

  • Living area:21,600 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1971
  • Building area:21,600 sq. ft.
  • Lot area:0.48 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$5,800,000
  • Price per sq. ft.:$268.52
  • Tax amount:$55,585 (2024)
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