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7-Unit Apartment Building
For Sale
$1,800,000

406 6TH, Tacoma, WA 98403

Historic multifamily property with a vacant four-bedroom owner’s residence and varied apartment mix.

Property SizeContact for details
Days on Market14

Property Features for 406 6TH

General Information

Standard status Active
Property subtype Multi-family

Building Details

Year Built 1892
Listing Agency: Blake Investment Advisors
Listed By: Gabe Blake
Source: Skylineproperties
Added: Sep 9 Changed: Sep 21 Last Checked: Sep 21 at 6:54AM

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 Blake Investment Advisors

Investment Insights

Based on property information with market context.

Built in 1892, this multifamily property includes seven units arranged around a substantial four-bedroom, two-bath owner’s residence and six additional apartments. The vacant residence measures 2,500 square feet and offers three living areas, a dining room, and an 850+ square-foot private deck. The remaining units comprise five one-bedroom apartments averaging 683 SF and one 455-SF studio. In-unit laundry serves the main residence and Unit C, while other residents have access to a basement laundry room.

The property overlooks Commencement Bay in Tacoma’s Stadium District, with the Tacoma Lawn Tennis Club, Annie Wright Schools, and Stadium High School nearby. Capital improvements include updated electrical panels throughout and a roof replacement completed within the last 10 years.

Key Highlights

  • Seven‑unit multifamily property built in 1892
  • Vacant 2,500‑square‑foot owner’s residence with 4 bedrooms and 2 bathrooms
  • Owner’s unit includes three living areas, a dining room, and an 850+ square‑foot private deck

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Auto Parts Store (Bike/Boat/Book/etc) Store HVAC Service Locksmith Garden Center

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

Location Intelligence

Trade Area within ½ mile

2,020
Businesses Nearby

Demographics for 98403, WA

8,341
Population
4,863
Households
1.7
Avg Household Size
39
Median Age
64%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
8,341
Density / Sq Mi
$86,179
Median Household Income
$63,918
Median Earnings
$1,414
Median Rent
$737,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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 - Historic multifamily property with a vacant four-bedroom owner’s residence and varied apartment mix.
Where is this apartment building located?
The property is located at 406 6TH Tacoma, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Seven‑unit multifamily property built in 1892; Vacant 2,500‑square‑foot owner’s residence with 4 bedrooms and 2 bathrooms; Owner’s unit includes three living areas, a dining room, and an 850+ square‑foot private deck
More about this property
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