6909 S Madison, Tacoma, WA 98409

$665,000
2,652
SqFt

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Listing courtesy of Lee & Associates Commercial RE.

List Price
$665,000
Status
ACTIVE
MLS#
2467079
Price Change
▼ $10,000 1780624053
Days on Market
194
Style
53 - Tri-plex
Finished SqFt
2,652
Area Total SqFt
2652
Annual Tax Ammount
7084
Lot Size (sq ft)
9,147
Sewer
Available

Property Description

Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. An identical adjacent triplex at 6909 Madison is also available, presenting a rare opportunity to acquire one or both properties.

Additional Information

List Date
2026-01-13 19:28:11
Community
South Tacoma
Net Operating Income
$50,210
Gross Adjusted Income
$64,130
Gross Scheduled Income
$61,116
Total Monthly Income
$64,130
Insurance Expenses
$1,207
Water/Sewer/Garbage Expenses
$6,959
Gross Rent Multiplier
11
Total Expenses
$15,250
Cap Rate
7.44
Vacancy Rate
5
Total Number of Units
3
Unit Name
6909
Potential Terms
Assumable, Cash, Conventional, VA Loan
Year Built
1978
Roof
Composition
Site Features
Fenced-Fully
Energy Source
Electric
School District
Tacoma
Elementary School
Arlington
Middle School
Buyer To Verify
High School
Mt Tahoma
Total Monthly Income
$64,130
Gross Scheduled Income
$61,116
Vacancy Rate
5
Gross Adjusted Income
$64,130
Tax Year
2025
Insurance Expense
$1,207
W/S/G Expenses
$6,959
Total Expenses
$15,250
Net Operating Income
$50,210
Gross Rent Multiplier
11
Cap Rate
7.44
Based on information submitted to the MLS GRID as of . 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.
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