Listing provided courtesy of Lee & Associates Commercial RENWMLSas Distributed by MLSGrid- MLS# NWM2467083
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Request Info6905 6909 S MadisonTacoma, WA 98409
Multi-Family · 12 Beds · 5,304 Sq. ft. | 0.21 Acres$1,330,000
Active
6905 6909 S Madison Overview
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Investor Alert! Rare opportunity to acquire two one-story triplexes totaling 6 units in a highly convenient Tacoma location. These income-producing, hard-to-find assets feature three 2-bedroom / 1.5-bath units per building, each with washer/dryer hookups.Recent improvements include new roof and gutters, fresh exterior paint, and interior updates throughout. Each unit is equipped with carport parking and dedicated storage. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. Buildings may be sold separately, offering flexibility for owner-occupants to live in one unit and rent the others, or for investors seeking stable cash flow.
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6905 6909 S Madison Facts & Features
- Type Multi-Family
- Sq. ft. 5,304
- Price/Sq.ft. $251
- Lot 0.21 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Tacoma
- Elementary School: Arlington
- Middle Or Junior School: Buyer To Verify
- High School: Mt Tahoma
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 125880
- Insurance Expense: 2415
- Net Operating Income: 101224
- Total Expenses: 30502
- Total Monthly Income: 131726
- Water/Sewer/Garbage: 13919
Building Information
- New Construction: No
- Year Built: 1978
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 45 - South Tacoma
- Subdivision Name: South Tacoma
Tax Information
- Tax Annual Amount: $14,168.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional, VA Loan
- Parcel Number: 0220255003
- Possible Use: Multi-Family
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 5304
- Building Area Units: Square Feet
- Calculated Square Footage: 5304
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Laminate, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 5304
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Partially Fenced
- Stories Total: 1
Exterior
Parking Information
- Open Parking Spaces: 0
- Open Parking: No
- Parking Uncovered Spaces: 0
Lot Information
- Irrigation Water Rights: No
- Lot Features: Paved
- Lot Size Acres: 0.21
- Lot Size Square Feet: 9147
- Lot Size Units: Square Feet
- Site Features: Fenced-Partially, High Speed Internet, Patio
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Triplex
General Information
- Carport Spaces: 6
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood, Wood Products
- Number Of Units Total: 6
- Sewer: Available
Unit Information
Unit 6 Details
- Actual Rent: 1749
- Beds Total: 2
- Baths Total: 2
Unit 1 Details
- Actual Rent: 1799
- Beds Total: 2
- Baths Total: 2
Unit 2 Details
- Actual Rent: 1799
- Beds Total: 2
- Baths Total: 2
Unit 3 Details
- Actual Rent: 1799
- Beds Total: 2
- Baths Total: 2
Unit 4 Details
- Actual Rent: 1799
- Beds Total: 2
- Baths Total: 2
Unit 5 Details
- Actual Rent: 1799
- Beds Total: 2
- Baths Total: 2
6905 6909 S Madison Neighborhood
Community
98409 (Tacoma) Demographics
30
Median Age
3,925
Population Density (per sq. mile)
29%
College Educated
$57,922
Estimated Median Income
4,449
Estimated Total Home Owners
6,667
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.6905 6909 S Madison Monthly Cost
6905 6909 S Madison Market Data
Based on the last 30 days in this zip code
$515,623
Average List Price
$320
Average Price per Square Foot
18
Properties Sold
74
Average Days on Market
62
Properties for Sale
6905 6909 S Madison History
| Date | Value | Agent |
|---|---|---|
| 6/4/2026Source: NWMLS | $1,330,000 -1.5% |
|
| 5/22/2026Source: NWMLS | Active |
|
| 5/19/2026Source: NWMLS | Pending Inspection |
|
| 3/5/2026Source: NWMLS | Active |
|
| 2/15/2026Source: NWMLS | Contingent |
|
| 1/9/2026Source: NWMLS | January 09, 2026 |