Property Details
5404 S M Street
Tacoma, WA 98408
$1,775,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 24
Property Overview
Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit. 6 garage units that are fully rented.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
South Tacoma
Listed
Jan 16, 2025
Original Price
$1,950,000
Financial Summary
Cap Rate
6.00%
Net Operating Income
$123,029
Gross Scheduled Income
$176,820
Gross Rent Multiplier
11.16
Total Expenses
$44,950
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
7,889
Leasable Area
5,790 sqft
Total Units
10
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
11,700 sqft
Year Built
1949
Exterior & Lot
Lot Size
0.27 sqft
Year Built
1949
Garage
6 spaces
Exterior Materials
Brick
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Brick
Location
City
Tacoma
County
Pierce
Coordinates
47.20801, -122.45146
Additional Information
Tax Year
2025
Annual Taxes
$13,202
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
