Brand new 30-unit multifamily community

Kidder Mathews is pleased to present the Lincoln Heights apartments for sale. A brand-new 30-unit community directly across the street from Lincoln High School.

This offering represents a rare opportunity to acquire a newly constructed, 30-unit multifamily community in Tacoma, Washington, delivering a highly efficient, yield-driven investment profile. The property is offered at a basis well below current replacement cost, allowing investors to step into a stabilized asset at a discount to today’s construction economics.

The asset benefits from a 9-year Multi-Family Tax Exemption (MFTE) tax abatement, significantly reducing property tax burden and enhancing in-place cash flow. This structure provides investors with a tax-advantaged income stream and a high degree of predictability in both day-one and forward-looking returns.

The property features a desirable unit mix of spacious one- and two-bedroom floor plans, secured gated parking access for residents, and covered stairway entry, contributing to tenant appeal and operational efficiency. Additionally, the asset is strategically located with immediate proximity to Interstate 5, offering convenient regional connectivity and supporting long-term tenant demand.

With no near-term capital expenditure requirements, reduced operating risk, and a clear, durable income profile, this offering is ideally suited for investors seeking stable cash flow, downside protection, and exposure to a newly delivered asset in the growing Tacoma market.