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    616 Anderson St Tacoma, WA 98406-6738

    • Apartment buildings
    • 13,184 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $4,150,000
    Last Sale
    Dec 10, 2024
    $4,170,000
    Location Intelligence
    Property ID
    US90-3258374
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Anderson Apartments / Apartment Building / Apartment Complex

    Property Details for 616 Anderson St

    Year built
    1967
    Construction
    WOOD FRAME
    Lot size
    0.34 lot acres
    Property size
    13,184 SF
    Zone code
    RCX
    Property type
    Apartment buildings
    APN
    9100000241
    APU
    9100000241

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,030,000
      6.5%
      $4,250,000
      7%
      $4,295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,250,000
      Geo Method
      $4,005,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,285,000
      Retail
      $3,515,000
      Mixed-Use
      $4,490,000
      Hospitality
      $4,175,000
      Educational
      $4,020,000
      Residential Income
      $3,560,000
      Energy
      $4,050,000
      Income-Based Land
      $4,360,000
      Food Service
      $3,860,000

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.473
    Latitude
    47.256
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $39,848
    $591,400
    $2,995,200
    $3,586,600
    -
    $591,400
    $2,995,200
    $3,586,600

    Comparable in this City

    • Value Estimation by Request
      3,340 SF

      613 Oakes St

      APARTMENT HOUSE (5+ UNITS) • 3,340 SF
      613 Oakes St, Tacoma, WA 98406-7227
      View Details
    • Value Estimation by Request
      17,136 SF

      7214 6th Ave

      APARTMENT HOUSE (5+ UNITS) • 17,136 SF
      7214 6th Ave, Tacoma, WA 98406-1226
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    • Value Estimation by Request
      6,472 SF

      630 Prospect St

      APARTMENT HOUSE (5+ UNITS) • 6,472 SF
      630 Prospect St, Tacoma, WA 98406-7715
      View Details
    • Value Estimation by Request
      3,084 SF

      802 Oakes St

      APARTMENT HOUSE (5+ UNITS) • 3,084 SF
      802 Oakes St, Tacoma, WA 98406-7323
      View Details
    • Value Estimation by Request
      2,896 SF

      1901 Fife St

      APARTMENT HOUSE (5+ UNITS) • 2,896 SF
      1901 Fife St, Tacoma, WA 98406-7599
      View Details
    • Value Estimation by Request
      4,212 SF

      3114 20th St

      APARTMENT HOUSE (5+ UNITS) • 4,212 SF
      3114 20th St, Tacoma, WA 98406-6647
      View Details

    Similar Nearby for Sale

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      North Tacoma Mixed-Use Building

      Mixed-use building in North Tacoma with apartments and commercial spaces.
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    Similar Nearby for Lease

    • $38 SF/Yr
      1,096 SF

      Retail Space Near Highway 16

      Retail space visible from Highway 16, near Winco grocery.
      5902 6Th Ave, Tacoma, WA 98406
      View Details
    • $1,300 /Mo
      600 SF

      Retail Space on 6th Avenue

      Retail space for rent in a great location.
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    • $28 SF/Yr
      2,937 SF

      Tacoma Office Space Available

      Office space for lease in Tacoma, Washington.
      2102 N Pearl St, Tacoma, WA 98406
      View Details
    • $24 SF/Yr
      3,787 SF

      Retail Space in Tacoma

      Retail space with great access, parking, and signage.
      5401 6Th Ave, Tacoma, WA 98406
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    • $28 SF/Yr
      1,364 SF

      Prime Retail Space on 6th

      High-visibility retail space in active Tacoma commercial corridor.
      3602 6Th Ave, Tacoma, WA 98406
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    • $30 SF/Yr
      1,000 SF

      Retail Space in Proctor District

      Retail space available in Tacoma's vibrant Proctor District.
      2315 N Pearl St, Tacoma, WA 98406
      View Details
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    616 Anderson St
    Tacoma, WA 98406-6738
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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