403 N M, Tacoma, WA 98403
- $1,341,500
- 4,218
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Redfin.
- Sold Price
- $1,341,500
- List Price
- $1,495,000
- Status
- SOLD
- MLS#
- 2477466
- Closing Date
- Apr 30, 2026
- Days on Market
- 21
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 4,218
- Area Total SqFt
- 4218
- Annual Tax Ammount
- 11868
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 6,500
- Sewer
- Sewer Connected
Property Description
Nearly new and fully rented, this turnkey 4-plex is available for the first time since construction. Located in one of North Tacoma’s most sought-after neighborhoods, the property sits just half a block from Tacoma General Hospital, minutes from major freeways, and close to the scenic Tacoma Waterfront. Perfectly positioned for urban living, the property is also just moments from the vibrant 6th Avenue District — known for its award-winning restaurants, nightlife, and local gathering spots. This prime location makes it especially attractive to traveling nurses, medical professionals, and homebuyers in transition. Clean, modern, and truly turnkey, this low-maintenance investment offers immediate cash flow and strong upside potential. Eligible for condominium conversion, it presents an exceptional opportunity for investors seeking to maximize returns with a nearly new, hassle-free multiplex in a high-demand rental corridor.
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Additional Information
- List Date
- 2026-04-09 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $104,085
- Gross Adjusted Income
- $117,600
- Gross Scheduled Income
- $117,600
- Total Monthly Income
- $9,800
- Insurance Expenses
- $1,647
- Gross Rent Multiplier
- 12.71
- Total Expenses
- $13,515
- Cap Rate
- 6.9
- Total Number of Units
- 4
- Unit Name
- 403
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 2005
- Roof
- Composition
- Site Features
- Deck
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Stadium
- Total Monthly Income
- $9,800
- Gross Scheduled Income
- $117,600
- Gross Adjusted Income
- $117,600
- Tax Year
- 2025
- Insurance Expense
- $1,647
- Total Expenses
- $13,515
- Net Operating Income
- $104,085
- Gross Rent Multiplier
- 12.71
- Cap Rate
- 6.9
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.