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Miramar View Apartments
On the Market
Price: Contact Broker
Offer Review Date: TBD
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Executive Summary
A West End Tacoma Landmark – 70 Units on 6th Avenue
Site Details
Unit Mix
Opportunity
Embedded Rental and Operational Upside
In-place rents trail market by ~$239/unit, representing a ~200K lift in Gross Potential Rent at stabilization. A diversified mix spreads upside across all unit tiers, with three-bedrooms contributing outsized NOI growth on turn.
Institutional Scale, Fragmented Market
At 70 units, Miramar delivers institutional scale in a submarket dominated by 10-40 unit properties. The footprint enables operational efficiencies – single-site staffing, centralized management, vendor leverage – smaller competitors structurally cannot match.
Secured Underground Parking
One of only two buildings on 6th Ave offering secured parking. In a submarket dominated by surface and street parking, gated underground stalls drive tenant demand, command a rental premium, and provide a level of convenience and security that’s hard to replicate.
Location
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Miramar View Apartments
7320 6th Ave
Tacoma, WA 98406
Units: 70
Price: Contact Broker
About the Area
THE MIRAMAR VIEW APARTMENTS ARE CONVENIENTLY LOCATED
Located in Tacoma’s West End community, Miramar View offers a high-demand residential setting known for strong schools, waterfront access, and stable home values. The property is just
seconds from State Route 16, providing seamless connectivity to Interstate 5, Downtown Tacoma, and the greater South Sound region.
The location offers convenient access to the area’s largest employment drivers, including Joint Base Lewis-McChord, MultiCare Health System, and Virginia Mason Franciscan Health,
supporting consistent rental demand. Residents also benefit from proximity to Chambers Bay, major retail corridors, and Tacoma’s primary dining and lifestyle amenities, reinforcing the property’s long-term investment appeal.
Tacoma’s strategic location, merely 33 miles south of Seattle, makes it an appealing choice for residents seeking job opportunities and a more manageable commute. The city’s advantageous position provides access to a variety of job centers, making it a magnet for professionals and job seekers looking to establish themselves in a competitive job market.
Tacoma’s economic landscape is fortified by major employers such as Boeing, a prominent aerospace company, and MultiCare Health System, a leading healthcare organization, along with CHI Franciscan, a renowned medical provider. These institutions provide diverse and stable job prospects across industries, contributing to Tacoma’s robust employment ecosystem.
Close Proximity to Pierce County's Premier Communities
Gig Harbor - 6.4 Mile Drive
Westgate North Shopping Center - 2.1 Mile Drive
James Center/Fircrest - 1.4 Mile Drive
A Workforce Built For the Long-Term
Port of Tacoma - The Port of Tacoma is a major economic development agency generating 41,000+ jobs and $11 billion in annual revenue.
Tacoma General - Tacoma General is the area's largest NICU, and advanced surgical care center. It's part of MultiCare Health System, Washington state's largest community based health system with over 20,000 employees.
JBLM - JBLM is the number one employer in Pierce and Thurston County, supporting more than 83,000 fulltime equivalent jobs and is one of the largest Army installations in the country.
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