Property Details
6215 29th Street NE
Tacoma, WA 98422
$1,250,000
Active
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Property Overview
Well-positioned investment property located in the desirable Browns Point area of Northeast Tacoma. With Units B & C rented and stabilized, Unit A has recently been vacated and prepped for new tenants. This triplex features generously proportioned units at ~1450 sq.ft. each and has delivered consistent cash flow at a 5.8% capitalization rate. Comprehensive recent improvements include luxury vinyl plank flooring, updated interior and exterior paint, stainless steel appliance packages, in-unit washer and dryer hookups, quartz countertops, and tile finishes. All three units offer ground-level entry, individual fenced outdoor spaces, and allocated parking with two designated spaces per unit. The property comprises two 4-bedroom, 2-bathroom units and one 5-bedroom, 2-bathroom unit, offering diverse rental market appeal. This is a well-maintained asset offering immediate cash flow alongside strong appreciation prospects in a premier Tacoma residential location.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Browns Point
Listed
Oct 30, 2025
Financial Summary
Cap Rate
5.80%
Net Operating Income
$74,509
Gross Scheduled Income
$100,560
Gross Rent Multiplier
72,497.80
Total Expenses
$26,051
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
4,344
Leasable Area
4,344 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
14,876 sqft
Year Built
1996
Exterior & Lot
Lot Size
0.34 sqft
Year Built
1996
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.28306, -122.36392
Additional Information
Tax Year
2025
Annual Taxes
$11,418
Possession
Array
Based on information submitted to the MLS GRID as of April 30, 2026 8:30 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.
