Direct multifamily buyer
Sell your Tacoma multifamily property to Kallpa
Kallpa is an active direct buyer of multifamily in Tacoma, with a particular focus on the North End and the workforce-housing corridors. We close on seller-financed deals and pay cash where it makes sense.
What we buy
What does Kallpa buy in Tacoma?
5 to 50 units. 5 to 50 units, B/C class, post-1960s, with a real value-add angle.
Tacoma is one of the markets we watch most closely. The mix of B/C class buildings, the rent-growth profile, and the buyers' willingness to hold long-term make this a place where we routinely find deals.
Submarkets: Tacoma's North End, Hilltop, McKinley, Eastside, Lincoln, and South Tacoma, plus Lakewood and University Place.
Why this market
Why is Kallpa active in Tacoma?
Tacoma sits in the sweet spot of our buy box: enough 5-to-50-unit B/C inventory that there's always something to look at, rent growth that has held up, and a tenant-protection environment we know how to operate inside. Pierce County title companies move quickly.
Underwriting
What does Kallpa look at first when underwriting a Tacoma deal?
Tacoma underwriting weighs the city's tenant-protection ordinances (which differ from state-level rules), submarket-specific rent-growth differences (the North End and Hilltop are not the same market), and condition on older woodframe buildings. Insurance has risen but is still meaningfully lower than King County.
Sellers we meet
Who are the typical sellers in Tacoma?
We see the most Tacoma deal flow from longtime North End owners winding down, Hilltop and Eastside landlords whose buildings have appreciated faster than they expected, and out-of-state owners who bought during a previous Seattle-spillover wave and are ready to exit.
How it works
How does selling to Kallpa work?
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Contact Jose directly.
Phone or email. He answers his own line.
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Property review.
Address, unit count, rent roll, and a few questions about condition.
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Written offer.
Cash or seller-financed, usually within a few business days of getting the basics.
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Short due diligence.
Inspection, title, and a quick rent-roll verification. We don't drag it out.
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Close at title.
14 to 45 days depending on structure.
Tell Jose about your property
Two minutes. No broker. He'll read it himself and reply within a business day.
Related
Related
Market FAQ
Common questions about selling in Tacoma
- Can I sell a Tacoma multifamily property with non-paying tenants?
- Yes. Kallpa buys occupied Tacoma properties including buildings with delinquent tenants. We underwrite the asset and the workout, not the rent roll alone. Pierce County's eviction timeline doesn't deter us.
- Do you buy duplexes and triplexes in Tacoma, or only larger buildings?
- Yes, we buy from 5 units up. Duplexes and triplexes are below our floor unless they're part of a portfolio sale that gets us to 5+ units in aggregate.