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8432 6th Ave 6 Unit Apartment Building $2,050,000 ($341,667/Unit) Tacoma, WA 98465



Investment Highlights
- Strong Income-Producing Asset
- Stable, Long-Term Tenants
- Spacious Units with Desirable Layouts
- Ample Parking & In-Unit Amenities
Executive Summary
Located in Tacoma’s sought-after West End neighborhood, 8432 6th Avenue presents a strong investment opportunity within a vibrant residential market. This two-story apartment building features six well-maintained units, each offering spacious layouts and desirable in-unit amenities designed to attract and retain tenants. The property includes generous on-site parking, contributing to convenience for residents in an area where parking is highly valued.
The asset benefits from a desirable location near Titlow Beach, Point Defiance Park, and multiple retail and dining destinations. Residents have quick access to key transportation corridors, including Highway 16, connecting Tacoma to surrounding employment centers and regional attractions. The neighborhood provides a balanced combination of convenience and lifestyle appeal, further supporting long-term tenant demand.
With stable income, low vacancy, and the potential for continued growth in Tacoma’s multifamily sector, this property is a compelling option for investors seeking operational stability. The competitive pricing and quality of the building provide a strong value proposition in a submarket with established rental demand.
The asset benefits from a desirable location near Titlow Beach, Point Defiance Park, and multiple retail and dining destinations. Residents have quick access to key transportation corridors, including Highway 16, connecting Tacoma to surrounding employment centers and regional attractions. The neighborhood provides a balanced combination of convenience and lifestyle appeal, further supporting long-term tenant demand.
With stable income, low vacancy, and the potential for continued growth in Tacoma’s multifamily sector, this property is a compelling option for investors seeking operational stability. The competitive pricing and quality of the building provide a strong value proposition in a submarket with established rental demand.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | $2,050,000 | Property Subtype | Apartment |
| Price Per Unit | $341,667 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 6,120 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1983/1998 |
| Zoning | C-2 | ||
| Price | $2,050,000 |
| Price Per Unit | $341,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.29 AC |
| Building Size | 6,120 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/1998 |
| Zoning | C-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | 1,020 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 022004-4332 | Total Assessment | $1,518,000 (2025) |
| Land Assessment | $290,100 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,227,900 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
022004-4332
Land Assessment
$290,100 (2025)
Improvements Assessment
$1,227,900 (2025)
Total Assessment
$1,518,000 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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8432 6th Ave
