5404 S M St

Tacoma, WA 98408

$1,775,000
Price
12
Beds
10
Baths
7,889 Sq. Ft.
$225 / Sq. Ft.
7,889
Sq. Ft.
$225
per Sq. Ft.
Listing provided courtesy of KW Greater Seattle

Description

Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit....Gorgeous 1-level brick garden-style 10 plex. All units have front and back doors and open onto the courtyard. All units have been fully renovated with new white kitchen cabinets, quartz counters, undermount sinks, microwaves and stainless appliances. Updated bathrooms with tile surrounds. All units updated with their own electric meter and wall heat. Original hardwood floors through-out most of the units. Newer roof and hot water boiler. On-site coin-op laundry room and storage units for each unit. 6 garage units that are fully rented.
  1. Listed by Stacey A. Brower • KW Greater Seattle
  2. Listed by Kendra Todd • KW Greater Seattle

Property Details for 5404 South M Street

Community Name
South Tacoma
School District
Tacoma
View
Territorial
Number of Assigned Spaces
6
Total Covered Parking
6
Entry Date
01-16-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 01/05/2026 10:44 AM

Property Details for 5404 South M Street

StatusActive
MLS #2321667
Days on Market368
Cumulative Days on Market368
Taxes$13,202 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.27 AC / 11,700 SF
CountyPierce County

Location

Listing Courtesy of KW Greater Seattle
Add your commute

Building Information for 5404 South M Street

Stories1Residences10Year Built1949Building Size-Lot Size0.27 AC / 11,700 SF

Payment Calculator

$9,751 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,651

Property Taxes

$1,100

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5404 South M Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Fenced-Partially
  • Area: 51 - South Tacoma
  • Elementary School: Mann
  • Middle Or Junior School: Giaudrone Mid Sch
  • High School: Lincoln High
  • Directions: On the corner of S 54th St & S M St.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood, Vinyl, Carpet
  • Amenities: Basement,Coin Op Laundry,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Brick
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 11066
  • Power Company: Tacoma Public Utilities
  • Sewer Company: Tacoma Public Utilities
  • Water Company: Tacoma Public Utilities
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 24
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Dimensions: 100' x 117'
  • Lot Size Source: Realist
  • Parcel Number Free Text: 7785006900
  • Calculated Square Footage: 7889
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7889.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 1
  • Vacancy Rate: 5
  • Number Of Units Total: 10
  • Units Below Grade: false
  • Units In Building Total: 10
Financing / Income and Expenses
  • Electric Expense: $4,419
  • Total Expenses: 44950
  • Gross Adjusted Income: 167979
  • Gross Rent Multiplier: 11.16
  • Gross Scheduled Income: $176,820
  • Insurance Expense: $4,447
  • Net Operating Income: $123,029
  • Other Expenses: $11,816
  • Total Monthly Income: 14735
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Square Feet Unit 1: 715
  • Rent Unit 1: $1,375.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Square Feet Unit 2: 545
  • Rent Unit 2: $1,200.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Square Feet Unit 3: 545
  • Rent Unit 3: $1,200.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Square Feet Unit 4: 545
  • Rent Unit 4: $1,200.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Square Feet Unit 5: 545
  • Rent Unit 5: $1,200.00
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Square Feet Unit 6: 545
  • Rent Unit 6: $1,200.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Square Feet Unit 7: 545
  • Rent Unit 7: $1,200.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: 8
  • Range/Oven Unit 8: true
  • Refrigerator Unit 8: true
  • Square Feet Unit 8: 545
  • Rent Unit 8: $1,200.00
  • Bedrooms Unit 8: 1
  • Bathrooms Unit 8: 1
Unit 9
  • Name Unit 9: 9
  • Range/Oven Unit 9: true
  • Refrigerator Unit 9: true
  • Square Feet Unit 9: 545
  • Rent Unit 9: $1,200.00
  • Bedrooms Unit 9: 1
  • Bathrooms Unit 9: 1
Unit 10
  • Name Unit 10: 10
  • Range/Oven Unit 10: true
  • Refrigerator Unit 10: true
  • Square Feet Unit 10: 715
  • Rent Unit 10: $1,375.00
  • Bedrooms Unit 10: 2
  • Bathrooms Unit 10: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5790.0

Property History for 5404 South M Street

DateEvent & SourcePriceAppreciation
Oct 14, 2025

Price Change

NWMLS #2321667

$1,775,000—
Mar 6, 2025

Price Change

NWMLS #2321667

$1,895,000—
Jan 16, 2025

Listed (Active)

NWMLS #2321667

$1,950,000—
Jun 28, 2017

Sold (Public Record)

Public Record #599528289

$700,000

+1.0% / yr

Jun 28, 2017

Sold

NWMLS #1130606

$700,000—
Jun 7, 2017

Pending

NWMLS #1130606

—
May 26, 2017

Listed (Active)

NWMLS #1130606

$750,000—
Oct 5, 2006

Sold (Public Record)

Public Record #203537226

$630,000—
Oct 5, 2006

Sold

NWMLS #26041729

$630,000—
Oct 3, 2006

Pending

NWMLS #26041729

—
Mar 21, 2006

Listed (Active)

NWMLS #26041729

$675,000—
DateEvent & SourcePrice
10/14/2025

Price Change

NWMLS #2321667

$1,775,000
03/06/2025

Price Change

NWMLS #2321667

$1,895,000
01/16/2025

Listed (Active)

NWMLS #2321667

$1,950,000
06/28/2017

Sold (Public Record)

Public Record #599528289

$700,000

+1.0% / yr

06/28/2017

Sold

NWMLS #1130606

$700,000
06/07/2017

Pending

NWMLS #1130606

—
05/26/2017

Listed (Active)

NWMLS #1130606

$750,000
10/05/2006

Sold (Public Record)

Public Record #203537226

$630,000
10/05/2006

Sold

NWMLS #26041729

$630,000
10/03/2006

Pending

NWMLS #26041729

—
03/21/2006

Listed (Active)

NWMLS #26041729

$675,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5404 South M Street

Taxable ValueLand$250,900Additions$1,055,400Total$1,306,300
Tax Record2025$14,201 ($1,183 / month)
Home Facts
Total Finished SqFt6,288 SqFtAbove Ground SqFt6,288 SqFtUnfinished Basement Area546 SqFtStories1Lot Size11,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1949Year Renovated1992ZoningC1CountyPIERCEAPN7785006900

Schools near 5404 South M Street

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Mann Elementary School
Public - PK to 5
Angelo Giaudrone Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Tacoma Online High School
Public - 9 to 12
Rating
School
Distance
Mann Elementary School
PublicPK to 5

Angelo Giaudrone Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Tacoma Online High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 5404 South M Street, Tacoma, WA 98408

5404 South M Street is a multi-family home for sale in Tacoma, WA 98408. This property was listed for sale on January 16, 2025 by KW Greater Seattle, it's currently listed at $1,775,000. It has been on the market for a total of 368 days and was last sold on June 28, 2017. This listing's school district is Tacoma School District. Nearby schools include Mann Elementary School, Angelo Giaudrone Middle School and Lincoln High School. 5404 South M Street is a 12-bed, 10-bath, 7,889 sqft multi-family home built in 1949.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Greater Seattle

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/19/2026 11:32 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.