5404 M St, Tacoma, WA 98408
Renovated 10-unit apartment building with on-site laundry and garages.
- Added:
- Jan 17, 2025
- Days on Market:
- 523
- Last Refresh:
- May 10 at 9:23 pm
Property Features for 5404 M St
General Information
- Standard status
- Active
- Size
- 7,889 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1949
Listing agent STACEY BROWER
Listing office KELLER WILLIAMS GREATER SEATTLE (206) 632-2636
Listing date Jan 17, 2025
Source Corcoran
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 KELLER WILLIAMS GREATER SEATTLE
HighLights
- 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.
- Original hardwood floors throughout most units.
- Separate electric meters and wall heat for each unit.
- On‑site coin‑op laundry room and storage units for each unit.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $173.2k | $21.96 |
| − Vacancy | −$9.0k | −$1.14 |
| EGI | $164.2k | $20.82 |
| − OpEx | −$73.9k | −$9.37 |
| NOI | $90.3k | $11.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.451
- Latitude
- 47.208