Notch8 & Aero Apartments/Tacoma, WA

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Multifamily

Tacoma, WA

314 Units

Built in 1980

Suburban Core

Excellent Connectivity with Immediate Access to I-5: Both assets are less than 5 minutes away from onramps to I-5 Northbound and Southbound, offering residents easy commuter access to major employment centers in Tacoma, Seattle, Bellevue, the Kent Valley, and Olympia.
Proximity to Port of Tacoma Expansion: The properties are well positioned to benefit from the current expansion of the Port of Tacoma, which is investing significantly in infrastructure to accommodate larger vessels and further solidify its role as a premier West Coast port. The Port currently handles more container volume than the Port of Seattle.
Portfolio or Individual Acquisition Opportunity: Notch8 (126 units) and Aero (188 units) are located directly across the street from one another and can be acquired together or separately.
Compelling Value-Add Upside: Both assets present the opportunity to capture meaningful rental premiums through interior renovations, with the ability to align unit finishes with competing properties.
Attractive Basis with Clear Exit Upside: Both assets can be acquired at a basis below replacement cost and recent comparable sales, providing investors the opportunity to generate strong returns.
Well-Designed, Livable Floor Plans: Notch8 and Aero offer a diverse mix of one-, two-, and three-bedroom homes with an average size of ±822 square feet, featuring functional layouts that appeal to a broad tenant base.