5404 S M Street, Tacoma, WA 98408
- $1,775,000
- 7,889
- SqFt
Listing courtesy of KW Greater Seattle.
- List Price
- $1,775,000
- Status
- ACTIVE
- MLS#
- 2321667
- Price Change
- ▼ $120,000 1760487880
- Days on Market
- 558
- Style
- 56 - 10+ Units
- Finished SqFt
- 7,889
- Area Total SqFt
- 7889
- Annual Tax Ammount
- 13202
- Lot Size (sq ft)
- 11,700
- Sewer
- Sewer Connected
Property Description
Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit. 6 garage units that are fully rented.
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Additional Information
- List Date
- 2025-01-16 22:09:22
- Community
- South Tacoma
- Net Operating Income
- $123,029
- Gross Adjusted Income
- $167,979
- Gross Scheduled Income
- $176,820
- Total Monthly Income
- $14,735
- Insurance Expenses
- $4,447
- Water/Sewer/Garbage Expenses
- $11,066
- Gross Rent Multiplier
- 11.16
- Total Expenses
- $44,950
- Cap Rate
- 6
- Vacancy Rate
- 5
- Total Number of Units
- 10
- Unit Name
- 5404
- Potential Terms
- Cash, Conventional
- Year Built
- 1949
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially
- Electric Expenses
- 4419
- Other Expenses
- 11816
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Mann
- Middle School
- Giaudrone Mid Sch
- High School
- Lincoln High
- Total Monthly Income
- $14,735
- Gross Scheduled Income
- $176,820
- Vacancy Rate
- 5
- Gross Adjusted Income
- $167,979
- Tax Year
- 2025
- Insurance Expense
- $4,447
- W/S/G Expenses
- $11,066
- Total Expenses
- $44,950
- Net Operating Income
- $123,029
- Gross Rent Multiplier
- 11.16
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.