6905 S Madison, Tacoma, WA 98409
Three 2-bedroom units with washer/dryer hookups, carport parking, and dedicated storage in a move-in-ready Tacoma triplex.
- Added:
- Jan 9, 2026
- Days on Market:
- 177
- Last Refresh:
- Jul 1 at 2:25 am
Property Features for 6905 S Madison
General Information
- Standard status
- Active
- Size
- 2,652 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1978
Listing office Lee & Associates Commercial RE (971) 226-1720
Listing date Jan 9, 2026
Source Premierepropertygroup
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 Lee & Associates Commercial RE
HighLights
- One‑story triplex built in 1978 with 3 units, each offering 2 bedrooms and 1.5 bathrooms
- Each unit includes washer/dryer hookup
- 2652 total building area on a 0.21‑acre fenced lot (54x167) with poured concrete foundation
- Carport parking with dedicated storage for each unit
- Recent improvements include a new roof and gutters plus interior updates throughout
- Utilities include electric power production; water source is public
Overview
The property is located at 6905 S Madison in Tacoma. The public remarks note convenient proximity to I-5 and SR-512, as well as transit, schools, a golf course, and Tacoma Mall.
For buyers seeking a small residential income asset, this triplex presents a clear unit mix and practical on-site amenities such as covered parking and private storage. The combination of roof and interior updates, along with the availability of an adjacent identical triplex at 6909 Madison, may appeal to investors or owner-occupants looking for additional flexibility within the same immediate area.
Local Financial Insights For Multifamily LT 5
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 | $52.5k | $19.80 |
| − Vacancy | −$2.6k | −$0.98 |
| EGI | $49.9k | $18.82 |
| − OpEx | −$15.0k | −$5.65 |
| NOI | $34.9k | $13.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.4898434
- Latitude
- 47.1944078
