Property Details
8424 8428 6th Avenue
Tacoma, WA 98465
$3,750,000
Pending
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Property Overview
The Titlow Beach Townhomes present a rare coastal investment opportunity consisting of two adjacent six-unit buildings totaling twelve residences. Constructed in 1979 and 1983, the property reflects strong pride of ownership with consistent maintenance, thoughtful upgrades, and modernized interior finishes. Each residence features a spacious two-bedroom, one-and-a-half-bath townhome layout of approximately 1,050 square feet, complemented by private entry-ways, in-unit laundry, fireplaces, dishwashers, and exclusive backyard or patio spaces. A distinguishing feature of the asset is its structure of six individual condominium tax parcels, creating unique flexibility and the potential for a phased or condo-by-condo disposition strategy that can enhance liquidity and value realization.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
Tacoma
Listed
Apr 10, 2026
Financial Summary
Cap Rate
5.26%
Net Operating Income
$197,175
Gross Scheduled Income
$319,198
Gross Rent Multiplier
12.15
Total Expenses
$106,593
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
12,600
Leasable Area
12,600 sqft
Total Units
12
Zoning
Commercial,Multi-Family,Residential
Possible Use
Commercial, Multi-Family, Residential
Lot Size
22,290 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.51 sqft
Year Built
1979
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.24631, -122.55106
Additional Information
Tax Year
2026
Annual Taxes
$32,241
Possession
Array
Based on information submitted to the MLS GRID as of May 1, 2026 5:00 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.
