6905 6909 S Madison, Tacoma, WA 98409

$1,330,000
5,304
SqFt

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Listing courtesy of Lee & Associates Commercial RE.

List Price
$1,330,000
Status
ACTIVE
MLS#
2467083
Price Change
▼ $20,000 1780624356
Days on Market
182
Style
53 - Tri-plex
Finished SqFt
5,304
Area Total SqFt
5304
Annual Tax Ammount
14168
Lot Size (sq ft)
9,147
Sewer
Available

Property Description

Investor Alert! Rare opportunity to acquire two one-story triplexes totaling 6 units in a highly convenient Tacoma location. These income-producing, hard-to-find assets feature three 2-bedroom / 1.5-bath units per building, each with washer/dryer hookups.Recent improvements include new roof and gutters, fresh exterior paint, and interior updates throughout. Each unit is equipped with carport parking and dedicated storage. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. Buildings may be sold separately, offering flexibility for owner-occupants to live in one unit and rent the others, or for investors seeking stable cash flow.

Additional Information

List Date
2026-01-26 00:31:10
Community
South Tacoma
Net Operating Income
$101,224
Gross Adjusted Income
$131,726
Gross Scheduled Income
$125,880
Total Monthly Income
$131,726
Insurance Expenses
$2,415
Water/Sewer/Garbage Expenses
$13,919
Gross Rent Multiplier
10.72
Total Expenses
$30,502
Cap Rate
7.5
Vacancy Rate
5
Total Number of Units
6
Unit Name
6905 6909
Potential Terms
Cash, Conventional, VA Loan
Year Built
1978
Roof
Composition
Site Features
Fenced-Partially, High Speed Internet, Patio
Energy Source
Electric
School District
Tacoma
Elementary School
Arlington
Middle School
Buyer To Verify
High School
Mt Tahoma
Total Monthly Income
$131,726
Gross Scheduled Income
$125,880
Vacancy Rate
5
Gross Adjusted Income
$131,726
Tax Year
2025
Insurance Expense
$2,415
W/S/G Expenses
$13,919
Total Expenses
$30,502
Net Operating Income
$101,224
Gross Rent Multiplier
10.72
Cap Rate
7.5
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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