Listed by KW Greater Seattle
$1,385,000
$205K PRICE DROP

5601 S Thompson Ave Tacoma, WA 98408

South End Neighborhood

Estimated payment $8,479/month

Total Views 14,457
9 Beds
10 Baths
4,760 Sq Ft
$291 Price per Sq Ft

Highlights

  • Secluded Lot
  • No HOA
  • Baseboard Heating
  • Territorial View
  • Thermal Windows
  • Wood Siding

About This Home

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!

Listing Agent

Stacey Brower

KW Greater Seattle License #50311 Listed on: 02/07/2025

KW Greater Seattle

Co-Listing Agent

Kendra Todd

KW Greater Seattle License #23154

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2324610

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,202

Year Built

  • Built in 1973

Lot Details

  • 6,195 Sq Ft Lot
  • Lot Dimensions are 120' x 54' x 120' x 55'
  • Secluded Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 4,760 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Parking

  • 5 Parking Spaces
  • Open Parking

Schools

  • Mann Elementary School
  • Giaudrone Mid Sch Middle School
  • Mt Tahoma High School

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3595000160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,202

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1973
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 4760
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Tacoma Power
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 14045

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Mt Tahoma
  • Middle Or Junior School: Giaudrone Mid Sch

Lot Info

  • Parcel Number: 3595000160
  • Lot Size Acres: 0.1422
  • Lot Size: 120' x 54' x 120' x 55'
  • Lot Size Sq Ft: 6195
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: Realist

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.31
  • LeasedItems: None
  • TotalMonthlyIncome: 11715

Multi Family

  • Gross Scheduled Income: 140580
  • Net Operating Income: 98217
  • Number Of Units Total: 10
  • Electric Expense: 1440
  • Insurance Expense: 4447
  • Leasable Area: 4760
  • EnergySource: Electric
  • UnitsInBuildingTotal: 10
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 13202

MLS Schools

  • Elementary School: Mann

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $1,385,000 -12.9% $291 / Sq Ft
02/07/2025 02/07/25 For Sale $1,590,000 +269.8% $334 / Sq Ft
01/13/2015 01/13/15 Sold $430,000 -7.1% $90 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
10/16/2014 10/16/14 For Sale $463,000 -- $97 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2324610

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Tacoma 98408 South End

5601 S Thompson Ave, Tacoma, WA

This home is located at 5601 S Thompson Ave, Tacoma, WA 98408 and is currently priced at $1,385,000, approximately $290 per square foot. This property was built in 1973. 5601 S Thompson Ave is a home located in Pierce County with nearby schools including Mann Elementary School, Angelo Giaudrone Middle School, and Mount Tahoma High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Stacey Brower
Listing Agent
Stacey Brower
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KW Greater Seattle
(253) 342-4287