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Listing courtesy of NWMLS / COMPASS

12712 12720 C Street S

Tacoma, WA 98444

– beds
– baths
21,600 sqft
~1/2 acre lot
$268 per sqft
1971 build

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.

Listing courtesy of NWMLS / COMPASS

Last checked: Checking… • Last updated Feb 22, 2025 •

MLS# 2335254 —

The Building

Year Built:

1971
New Construction:

false
Structure Type:

Multi Family
Exterior Features:

Metal/Vinyl, Wood
Roof:

Composition
Units In Building Total:

32
Security Features:

FullyFenced
# of Units Total:

1
Stories Total:

2
Building Area Total:

21600
Building Area Units:

Square Feet
Calculated SqFt:

21600
SqFt Source:

Realist

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Vinyl Plank, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

47.141384
Longitude:

-122.437725
Directions:

GPS works.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Remodeled
Parcel Number:

676200063
Lot Features:

Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Acres:

0.4821
Lot Size SqFt:

21000
Lot Size Source:

Tax Records
View:

false
Waterfront:

false
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

55585

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard, Forced Air

Utilities

Water Source:

Public
Sewer:

Sewer Connected
Water Sewer Garbage:

19600

Schools

High School District:

Franklin Pierce

The Community

Subdivision Name:

Parkland
Senior Community:

false
Association:

false

Parking

Parking Total:

56
Parking Uncovered Spaces:

56
Open Parking:

true
Open Parking Spaces:

56
Carport:

false

Listing courtesy of NWMLS / COMPASS

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Fri Feb 21 2025 11:42 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
2/21/25 Feb 21, 2025	Listed / Active	NWMLS	$5,800,000

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This multifamily located in Parkland, WA 98444 is currently for sale for $5,800,000. 12712 12720 C Street S is a 21,600 square foot multifamily with – beds and – baths.

Listing courtesy of NWMLS / COMPASS

Disclaimer: The information contained in this listing has not been verified by COMPASS and should be verified by the buyer.