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4509 6th Ave 4 Unit Apartment Building $1,800,000 ($450,000/Unit) 5.50% Cap Rate Tacoma, WA 98406
Investment Highlights
- Close to Proctor District
- Close to UPS
- Close to downtown
Executive Summary
Beautiful newer 4-plex in North Tacoma. Hard to find, ready to go building. No remodeling, no old wiring and plumbing. Turn key building 4- Large 3 bedroom, 2 bathroom, 1254 square foot units with 9 foot ceilings and all full size appliances including washers and dryers. This is like owning 4 brand new North Tacoma homes. Would be great for owner occupied or rent them all out for more income. Lifetime warranty roofing, newer sewer and water lines out to the mains, fully sprinklered units. Milgard windows, custom cabinetry with granite countertops and stainless steel kitchen appliances. Solid wood doors and custom lighting. Insulation and double sheetrock between floors to minimize sound transference. Too much too list. Listed with 2 other 4 plexes, for 12 units total (MLS #2466406). Buyer to verify all information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $450,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 5.50% | Building Size | 4,876 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2024 |
| Zoning | City | ||
| Price | $1,800,000 |
| Price Per Unit | $450,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,876 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | City |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 390000-0924 | Total Assessment | $1,766,300 |
| Land Assessment | $324,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,442,300 | Tax Year | 2025 |
Property Taxes
Parcel Number
390000-0924
Land Assessment
$324,000
Improvements Assessment
$1,442,300
Total Assessment
$1,766,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4509 6th Ave
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