Property Details
6905 S Madison
Tacoma, WA 98409
$675,000
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Property Overview
Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. An identical adjacent triplex at 6909 Madison is also available, presenting a rare opportunity to acquire one or both properties.
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
7.75%
Net Operating Income
$52,334
Gross Scheduled Income
$64,764
Gross Rent Multiplier
10.42
Total Expenses
$15,250
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,652
Leasable Area
2,652 sqft
Total Units
3
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
$7,084
Possession
Array
Based on information submitted to the MLS GRID as of May 1, 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.
