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    5404 M St Tacoma, WA 98408

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    For Sale
    $1,895,000

    Renovated 10-unit apartment building with on-site laundry and garages.

    Property size:
    7,889 SF

    Property Features for 5404 M St

    General Information

    Standard status
    Active
    Size
    7,889 SF

    Building Details

    Year built
    1949

    Source: KELLER WILLIAMS GREATER SEATTLE Agent STACEY BROWER

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

    Overview

    Renovated 10-Plex with Garage Units

    This is a one-level brick garden-style 10-plex. All units feature front and back doors that open onto the courtyard. The units have been fully renovated, including new white kitchen cabinets, quartz counters, undermount sinks, microwaves, and stainless appliances. The bathrooms have been updated with tile surrounds. Each unit is equipped with its own electric meter and wall heat. Original hardwood floors are present throughout most of the units. The property includes a newer roof and hot water boiler. On-site amenities include a coin-operated laundry room and storage units for each apartment. Additionally, there are 6 garage units that are fully rented. The property size is 7889 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 Building Supply Clothing Store 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
    -122.4514532
    Latitude
    47.208001

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    FAQs

    What type of property is this?
    Apartment building - Renovated 10-unit apartment building with on-site laundry and garages.
    Where is this apartment building located?
    The property is located at 5404 M St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,895,000.
    What are key features of this property?
    This property features: - Fully renovated units featuring new white kitchens, quartz counters, and stainless appliances.; - Newer roof and hot water boiler.; - 1-level brick garden-style building with front and back doors opening onto a courtyard.
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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
    5404 M St Tacoma, WA 98408
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