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    5601 Thompson Ave Tacoma, WA 98408

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    For Sale
    $1,385,000

    Two-story, 10-unit apartment building in Tacoma, fully occupied.

    Property size:
    4,760 SF

    Property Features for 5601 Thompson Ave

    General Information

    Standard status
    Active
    Size
    4,760 SF

    Building Details

    Year built
    1973

    Source: KELLER WILLIAMS GREATER SEATTLE Agent STACEY BROWER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tacoma 10-Plex with Rental Income

    This two-story apartment building in Tacoma features nine one-bedroom, one-bathroom units and one large studio. The property is currently 100% occupied with long-term tenants. Located centrally, the building is within walking distance of shops and grocery stores. Exterior security lighting is in place. The property includes five parking spots, currently rented for additional income, and a coin-operated washer and dryer are located in a dedicated laundry room. The building has a total size of 4760 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4441494
    Latitude
    47.2062426

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    FAQs

    What type of property is this?
    Apartment building - Two-story, 10-unit apartment building in Tacoma, fully occupied.
    Where is this apartment building located?
    The property is located at 5601 Thompson Ave Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,385,000.
    What are key features of this property?
    This property features: - 10-plex with a mix of 1 BD/1 BA units and a studio, offering diverse rental options.; - 100% occupancy with long-term tenants, ensuring immediate cash flow.; - Below-market rents present significant upside potential for increased revenue.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5601 Thompson Ave Tacoma, WA 98408
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