2040 6th Ave Tacoma, WA 98403-1045
This Tacoma, WA commercial property, located at 2040 6th Avenue, 98405, presents a unique live/work opportunity. The two-story, 2,686 square foot building, constructed in 1900 and renovated in 1995, sits on a 0.12-acre lot in Pierce County. Currently configured as a single-tenant space, it features 1,828 square feet of street-level office space, an 858 square foot upper-level apartment, and an unfinished basement suitable for storage. The building is ideally suited for a variety of professional office or retail uses, offering a convenient live/work component. Parking is available along 6th Avenue and in a fenced rear lot. The property enjoys a prime location in Tacoma's 6th Avenue Business District, providing easy freeway access. The asking sales price is $790,000, and the asking lease rate is $25 per square foot, modified gross. This building represents a compelling investment opportunity in a thriving urban area. The property's traditional office subtype and central location make it an attractive option for businesses seeking a blend of workspace and residential living.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NCX · Tacoma, WATacoma. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.