James & Angie Smith

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Listing provided courtesy of Blake Investment AdvisorsNWMLSas Distributed by MLSGrid- MLS# NWM2425750MLS Provider

1002 N J StreetTacoma, WA 98403

Multi-Family · 21 Beds · 0.20 Acres
$3,250,000 Active

1002 N J Street Overview

Visits:
15

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.

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1002 N J Street Facts & Features

  • Type Multi-Family
  • Lot 0.20 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma

Income/Expenses

  • Other Expense: 36768
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 227400
  • Insurance Expense: 9031
  • Net Operating Income: 133451
  • Total Expenses: 99681
  • Total Monthly Income: 20375
  • Water/Sewer/Garbage: 21765

Building Information

  • New Construction: No
  • Year Built: 1967

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 13 - North Tacoma
  • Subdivision Name: North Tacoma

Community/Development

  • Amenities: Coin Op Laundry

Tax Information

  • Tax Annual Amount: $32,117.00
  • Tax Year: 2024

General Information

  • Listing Terms: Conventional
  • Parcel Number: 2040200070
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank
  • Heating: Yes
  • Leasable Area: 10033
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking Spaces: 9
  • Open Parking: Yes
  • Parking Total: 13
  • Parking Uncovered Spaces: 9

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.197
  • Lot Size Square Feet: 8580
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Torch Down
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 4
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Brick
  • Number Of Units Total: 14
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1050
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1145
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1150
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 1170
  • Beds Total: 1
  • Baths Total: 1

Unit 8 Details

  • Actual Rent: 1195
  • Beds Total: 1
  • Baths Total: 1

Unit 10 Details

  • Actual Rent: 1200
  • Beds Total: 1
  • Baths Total: 1

Unit 11 Details

  • Actual Rent: 1245
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1300
  • Beds Total: 2
  • Baths Total: 1

Unit 12 Details

  • Actual Rent: 1370
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1375
  • Beds Total: 2
  • Baths Total: 1.5

Unit 7 Details

  • Actual Rent: 1400
  • Beds Total: 2
  • Baths Total: 1.5

Unit 9 Details

  • Actual Rent: 1450
  • Beds Total: 1
  • Baths Total: 1

Unit 13 Details

  • Actual Rent: 1600
  • Beds Total: 2
  • Baths Total: 1.5

Unit 14 Details

  • Actual Rent: 2300
  • Beds Total: 2
  • Baths Total: 1.75

1002 N J Street Neighborhood

Community

98403 (Tacoma) Demographics

35
Median Age
7,444
Population Density (per sq. mile)
65%
College Educated
$61,863
Estimated Median Income
1,668
Estimated Total Home Owners
2,529
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1002 N J Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1002 N J Street Market Data

Based on the last 30 days in this zip code

$766,730
Average List Price
$362
Average Price per Square Foot
8
Properties Sold
56
Average Days on Market
28
Properties for Sale
Calculations provided by Reliance Network

1002 N J Street History

Date Event Value Agent
8/26/2025Source: NWMLS Added to Database
August 26, 2025
6/20/2022Source: NWMLS Added to Database
June 01, 2021