Property Details
5601 S Thompson Avenue
Tacoma, WA 98408
$1,285,000
Active
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Key Takeaways
- This multi-family property in South Tacoma in Tacoma, Pierce County is listed at $1,285,000.
- 4,760 square feet of building area, or $270 per square foot.
- Lot size is 0.14 acres.
- 10 units.
- Built in 1973.
- Annual property taxes are $13,202 (2025).
Property Overview
Great 2 story 10-plex in Tacoma with 9, 1 BD/ 1 BA units and one large studio. 100% occupied with long-term tenants at below-market rents. Centrally located and walking distance to shops and grocery stories. Exterior security lighting, 5 parking spots rented for extra income, and coin-op washer and dryer in dedicated laundry room. One of the best priced buildings in Tacoma!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
South Tacoma
Listed
Feb 7, 2025
Original Price
$1,590,000
Structure Type
Multi Family
Parcel Number
3595000160
Tax & HOA
Annual Property Tax
$13,202 (2025)
Est. Monthly Tax
$1,100/mo
Financial Summary
Cap Rate
6.30%
Net Operating Income
$87,373
Gross Scheduled Income
$133,200
Gross Rent Multiplier
10.39
Total Expenses
$39,167
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,760
Leasable Area
4,760 sqft
Total Units
10
Lot Size
6,194 sqft
Year Built
1973
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1973
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Secluded
Exterior Features
Wood, Wood Products
Community & Access
Directions
On the SE corner of S 56th St & S Thompson Ave.
Location
City
Tacoma
County
Pierce
Coordinates
47.20624, -122.44416
Additional Information
Tax Year
2025
Annual Taxes
$13,202
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:20 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.
