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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.

Attachments

Titlow Beach OM

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
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100

Property Taxes

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
  • Listing ID: 35608532

  • Date on Market: 4/23/2025

  • Last Updated:

  • Address: 8432 6th Ave, Tacoma, WA 98465

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