403 N M Tacoma, WA $ 1,495,000
403 N M
$ 1,495,000
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403 N M

Tacoma, WA, 98403
$ 1,495,000
Baths0.0 Sq 4,218

Monthly Estimate*

$ 9,205

Listed by Keller Williams Rty Tacoma
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Studio

Multi-Family Home for sale in Tacoma, WA

for $1,495,000. This 4,218 square foot home was built in 2005 on a lot size of 0.1492.

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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Multi-Family Active

Price

$ 1,495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 11,868

Style

4-Plex

Lot Size

0.1492

Year Built

2005

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2477466

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Subject to Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 2005
Property Subtype Multi Family
Tax Year 2025
Building Name New Tacoma
County Pierce
Net Operating Income 104085
Insurance Expense 1647
New Construction N
Property Type Residential Income
HOA N
Subdivision Name North Tacoma
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From Highway 16 North on Sprague exit follow to Division Ave right to North M street left to property on right
High School Stadium
City Tacoma
Senior Community Y/N N
High School District Tacoma
Zoning Description Multi-Family
Number Of Units Total 4
MLS Area 21 - North Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 6500
Carport Spaces 6
Carport Y/N N
Listing Terms Cash Conventional VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 11868
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Very Good
Public Remarks Nearly new and fully rented this turnkey 4-plex is available for the first time since construction. Located in one of North Tacomas most sought-after neighborhoods the property sits just half a block
Leasable Area 4300
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company TPU
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 6.9
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Exterior
Exterior Amenities Wood Products
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Foundation Details Poured Concrete
Building Area Total 4218
Lot Size Acres 0.1492
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck
Parking Uncovered Total 6
Lot Number 9
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Interior
Flooring Laminate Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2477466
Street Number 1 403
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* Excluded Features
List By
Jeff Jensen

Listing Agent

Keller Williams Rty Tacoma

Broker

Affordability Calculator

$10,194
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,205
Monthly Property Taxes
$989
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100453 Elementary School
3100781 Middle School
Stadium High School High School
Pricing History
DatePricePrice ChangeDescription
3/4/2026$1,495,000 Listed Price

Map


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403 N M, Tacoma, WA, 98403 is a Multi-Family Home for sale at $1,495,000 with 4,218 sqft and a lot size of 0.1492. 403 N M is a studio with 0.0 baths and was built in 2005. The property's zip code is 98403 which is in Tacoma, WA