Property Details
6905 6909 S Madison
Tacoma, WA 98409
$1,350,000
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
South Tacoma
Listed
Jan 9, 2026
Financial Summary
Cap Rate
7.50%
Net Operating Income
$101,224
Gross Scheduled Income
$125,880
Gross Rent Multiplier
10.72
Total Expenses
$30,502
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
5,304
Leasable Area
5,304 sqft
Total Units
6
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
9,148 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1978
Exterior Materials
Wood
Sewer
Available
Water Source
Public
Lot Features
Paved
Exterior Features
Wood, Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.19440, -122.48983
Additional Information
Tax Year
2025
Annual Taxes
$14,168
Possession
Array
Based on information submitted to the MLS GRID as of May 1, 2026 8:45 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.
