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24-Unit Apartment Building
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616 N Anderson St, Tacoma, WA 98406

Two-story community with renovated interiors and updated exterior features.

Property SizeContact for details
Days on Market143

Property Features for 616 N Anderson St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 24

Amenities

laundry
storage

Building Details

Year Built 1967
Stories 2
Listing Agency: Kidder Mathews Tacoma
Listed By: Austin Kelley · License #WA
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:59PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews Tacoma

Investment Insights

Based on property information with market context.

Built in 1967, this two-story apartment community contains 24 units with studio, one-bedroom, and two-bedroom layouts averaging roughly 570 SF. Interior renovations have been completed in 17 units, while the remaining units provide an existing renovation program within the property’s current configuration.

Exterior work includes new paint, balcony decking, siding, and landscaping. Improvements also extend to the laundry and storage rooms. The property is within walking distance of Tacoma’s 6th Avenue district, known for musical entertainment, dining, and nightlife.

Key Highlights

  • 24 units across studio, one‑bedroom, and two‑bedroom layouts
  • Built in 1967 with two‑story construction
  • Units average roughly 570 SF

Property Analytics

Current Use

The Anderson Apartments Apartment Building

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Accounting Firm Tech Support Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units

Location Intelligence

Trade Area within ½ mile

966
Businesses Nearby

Demographics for 98406, WA

22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story community with renovated interiors and updated exterior features.
Where is this apartment building located?
The property is located at 616 N Anderson St Tacoma, WA.
What are key features of this property?
This property features: 24 units across studio, one‑bedroom, and two‑bedroom layouts; Built in 1967 with two‑story construction; Units average roughly 570 SF
(253) 722-1421 Call to check price and availability
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