Tacoma Multifamily Conversion

Located in the rapidly growing market of south Tacoma, the American Lodge presents investors with the rare opportunity to convert a 142-room motel into a market-rate multi-family property. The potential unit types consist of seventy-one (71) 210 sqft Studios and seventy-one (71) 280 sq.ft. Studios The current owner is already in the process of getting permits for the change of use.

American Lodge was constructed in 1978 featuring classic “walk up” style construction with exterior corridor unit access. The buildings have recently undergone a major exterior renovation which includes brand new roofs on all the buildings and exterior paint job. The electrical systems on both buildings have also been upgraded in order to add small kitchens or kitchenettes in all of the rooms. With the current lack of affordable housing supply, this property is positioned to greatly benefit from the conversion to multifamily.