Listing
Active
$1,285,000
For sale
5601 S••••• Thompson Ave (Sign up for 50 free credits to unlock)Tacoma, WA 98408
9Beds
10Baths
4,760Sq Ft Living
6,194Sq Ft Lot
1973Year Built
Property Description
Great 2 story 10-plex in Tacoma with 9, 1 BD/ 1 BA units and one large studio. 100% occupied with long-term tenants at below-market rents. Centrally located and walking distance to shops and grocery stories. Exterior security lighting, 5 parking spots rented for extra income, and coin-op washer and dryer in dedicated laundry room. One of the best priced buildings in Tacoma!
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Feb 7, 2025
- Price per Sq Ft
- $270/sqft
- ZIP Code
- 98408
- Heating
- Baseboard
- Construction
- Wood, Wood Products, Wood, Wood Products
- Property Tax (2026)
- $11,423/yr
- Assessed Value
- $1,049,200
- Last Sold
- $430,000 · Jan 12, 2015
- Neighborhood
- South End
- County
- Pierce
- School District
- Tacoma School District
Estimated Value
$1,219,686Range $276,500 to $1,463,623
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 9
Land Info
- Lot Description: Alley, Corner Lot, Curbs, Paved, Secluded
- Lot Size Acres: 0.1422
- Lot Size Dimensions: 120' x 54' x 120' x 55'
- Lot Size Square Feet: 6195
Utilities
- Electric Expense: 1223
- Power Production Type: Electric
- Sewer: Sewer Connected
- Water Source: Public
Rental Info
- Gross Scheduled Income: 133200
- Leasable Area: 4760
Home Features
- View: Territorial
- Green Energy Efficient: Thermal Windows
Commercial Info
- Net Operating Income: 87373
- Operating Expense: 39167
Multi-Unit Info
- Number of Units: 10
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 1
- Bedrooms in Unit-3: 1
- Bedrooms in Unit-4: 1
- Bedrooms in Unit-5: 0
- Bedrooms in Unit-6: 1
- Bedrooms in Unit-7: 1
- Bedrooms in Unit-8: 1
- Bedrooms in Unit-9: 1
- Bedrooms in Unit-10: 1
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Total Bathrooms in Unit-6: 1
- Total Bathrooms in Unit-7: 1
- Total Bathrooms in Unit-8: 1
- Total Bathrooms in Unit-9: 1
- Total Bathrooms in Unit-10: 1
- Unit-1 Square Feet: 448
- Unit-2 Square Feet: 448
- Unit-3 Square Feet: 448
- Unit-4 Square Feet: 448
- Unit-5 Square Feet: 448
- Unit-6 Square Feet: 448
- Unit-7 Square Feet: 448
- Unit-8 Square Feet: 448
- Unit-9 Square Feet: 448
Garage and Parking
- Covered Spaces: 0
- Off Street Parking: 5
- Open Parking Spaces: 5
- Open Parking: Yes
- Uncovered Spaces: 5
School Information
- Elementary School: Mann
- High School: Mt Tahoma
- High School District: Tacoma
- Middle School: Giaudrone Mid Sch
- School District: Tacoma
Heating and Cooling
- Heating Features: Baseboard
- Heating Fuel: Electric
- Heating: Yes
- Number of Fireplaces: 0
Other Property Info
- Annual Tax Amount: 13202
- Source Listing Status: Active
- County: Pierce
- Cap Rate: 6.3
- Directions: On the SE corner of S 56th St & S Thompson Ave.
- Tax Year: 2025
- Other Expense: 5332
- Insurance Expense: 8148
- Area: 52 - South Tacoma
- List Development Name: South Tacoma
- Source Neighborhood: South Tacoma
- Parcel Number: 3595000160
- Subdivision: South Tacoma
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Year Built: 1973
- Building Area Total: 4760
- Building Area Units: Square Feet
- Construction Materials: Wood, Wood Products, Wood, Wood Products
- Foundation Details: Poured Concrete
- Property Age: 53
- Roof: Flat
- Building Total Stories: 2
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
- Year Built Effective: 1996
Exterior and Lot Features
- Cable TV
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Mar 6, 2026 | Price Changed | $1,285,000 | $270 |
| Aug 12, 2025 | Price Changed | $1,385,000 | $291 |
| Feb 7, 2025 | Listed | $1,590,000 | $334 |
| Jan 12, 2015 | Sold | $430,000 | $90 |
| Oct 15, 2014 | Listed | $463,000 | $97 |
| Sep 17, 2014 | Listing removed | $483,000 | $101 |
| Jul 20, 2014 | Listed | $483,000 | $101 |
| Feb 8, 2012 | Listing removed | $499,000 | $105 |
| Oct 11, 2011 | Listed | $499,000 | $105 |
| May 27, 2004 | Sold | $260,000 | $55 |
| Mar 12, 1987 | Sold | $200,000 | $42 |
| Jun 24, 1985 | Sold | $160,000 | $34 |
Property Tax History
| Year | Tax | Assessed | Land | Building | Market |
|---|---|---|---|---|---|
| 2026 | $11,423 | $1,049,200 | $229,900 | $819,300 | $1,049,200 |
| 2025 | $12,007 | $1,049,200 | $229,900 | $819,300 | $1,049,200 |
| 2024 | $11,163 | $1,004,000 | $209,000 | $795,000 | $1,004,000 |
| 2023 | $10,413 | $1,004,000 | $209,000 | $795,000 | $1,004,000 |
| 2022 | $10,454 | $912,800 | $174,200 | $738,600 | $912,800 |
| 2021 | $7,800 | $621,300 | $203,500 | $417,800 | $621,300 |
| 2020 | $8,426 | $622,100 | $185,700 | $436,400 | $622,100 |
| 2019 | $7,014 | $540,300 | $154,100 | $386,200 | $540,300 |
| 2018 | $7,413 | $469,800 | $128,400 | $341,400 | $469,800 |
| 2017 | $6,873 | $427,100 | $128,400 | $298,700 | $427,100 |
| 2016 | $7,197 | $427,100 | $128,400 | $298,700 | $427,100 |
| 2015 | $6,343 | $365,200 | $64,100 | $301,100 | $365,200 |
Location
Lat 47.20624 · Lng -122.44417