406 N 6th Street, Tacoma, WA 98403
- $1,800,000
Listing courtesy of Blake Investment Advisors.
- List Price
- $1,800,000
- Status
- ACTIVE
- MLS#
- 2579094
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Annual Tax Ammount
- 19768
- Lot Size (sq ft)
- 6,500
- Sewer
- Sewer Connected
Property Description
Introducing the Stadium District Bayview Apartments, an iconic trophy 7-unit multifamily investment overlooking Commencement Bay, offered to the market for the first time in over 80 years and showcasing irreplaceable vintage Dutch Colonial charm. Located in Tacoma’s highly desirable Stadium District, the property is just steps from the Tacoma Lawn Tennis Club, Annie Wright Schools, and Stadium High School. This is a truly special opportunity for either an investor or owner-occupant, offering strong in-place cash flow alongside the rare opportunity to take advantage of the currently vacant 2,500-square-foot owner’s unit. This expansive 4-bed, 2-bath residence features three separate living areas, a spacious dining room, and an impressive 850+ square-foot private deck. Market rent comparables suggest the unit could command approximately $4,000 per month, providing a new owner with the flexibility to either occupy the residence or further enhance the property’s income. The property features a unique unit mix consisting of the main four-bedroom, two-bathroom unit, five spacious one-bedroom apartments averaging 683 SF, and a 455-SF studio apartment. The main residence and Unit C feature in-unit laundry, while the remaining residents benefit from a common laundry room located in the basement. Major capital improvements include updated electrical panels throughout the property and a roof replacement completed within the last 10 years. Come tour this special asset!
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Additional Information
- List Date
- 2026-09-15 16:43:14
- Community
- North Tacoma
- Net Operating Income
- $97,104
- Gross Adjusted Income
- $139,023
- Gross Scheduled Income
- $146,340
- Total Monthly Income
- $13,389
- Insurance Expenses
- $7,365
- Water/Sewer/Garbage Expenses
- $13,318
- Gross Rent Multiplier
- 12.3
- Total Expenses
- $56,242
- Cap Rate
- 5.39
- Vacancy Rate
- 5
- Total Number of Units
- 7
- Unit Name
- 406
- Potential Terms
- Conventional
- Year Built
- 1892
- Roof
- Composition
- Other Expenses
- 15791
- Energy Source
- Electric
- School District
- Tacoma
- High School
- Stadium
- Total Monthly Income
- $13,389
- Gross Scheduled Income
- $146,340
- Vacancy Rate
- 5
- Gross Adjusted Income
- $139,023
- Tax Year
- 2026
- Insurance Expense
- $7,365
- W/S/G Expenses
- $13,318
- Total Expenses
- $56,242
- Net Operating Income
- $97,104
- Gross Rent Multiplier
- 12.3
- Cap Rate
- 5.39
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.