6905 S Madison St

Tacoma, WA 98409

$675,000
Price
6
Beds
4.5
Baths
2,652 Sq. Ft.
$255 / Sq. Ft.
2,652
Sq. Ft.
$255
per Sq. Ft.
a view of a house with a yard
a front view of a house with garden
a view of an empty room with window
a white refrigerator freezer sitting in a kitchen
an empty room with a window
a bathroom with a sink and a toilet
a view of a house with a yard
Listing provided by Northwest MLS

Description

Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit,...Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. An identical adjacent triplex at 6909 Madison is also available, presenting a rare opportunity to acquire one or both properties.
  1. Listed by Nisha A Tomar • Lee & Associates Commercial RE
  2. Listed by Candice Chevaillier • Lee & Associates Commercial RE

Property Details for 6905 South Madison Street

Community Name
South Tacoma
School District
Tacoma
Number of Assigned Spaces
3
Total Covered Parking
0
Entry Date
01-09-2026
Energy Source
Electric
Sewer
Available
LISTING UPDATED: 01/28/2026 02:13 PM

Property Details for 6905 South Madison Street

StatusActive
MLS #2467036
Days on Market24
Cumulative Days on Market24
Taxes$7,084 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.21 AC / 9,147 SF
CountyPierce County

Location

Listing Courtesy of Lee & Associates Commercial RE
Add your commute

Building Information for 6905 South Madison Street

Stories1Residences3Year Built1978Building Size-Lot Size0.21 AC / 9,147 SF

Payment Calculator

$3,880 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,290

Property Taxes

$590

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6905 South Madison Street

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Fenced-Fully
  • Area: 45 - South Tacoma
  • Elementary School: Arlington
  • Middle Or Junior School: Buyer To Verify
  • High School: Mt Tahoma
  • Effective Year Built Source: Public Records
  • Directions: From S Tacoma Way, W on S 74th then North on S Madison, Property is on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 3.0
  • 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: Ceramic Tile, Laminate, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
  • Security Features: Fully Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 6959
  • Power Company: TPU
  • Water Company: TPU
  • 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
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1993
  • Photos Count: 8
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 54x167
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 0220255002
  • Calculated Square Footage: 2652
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2652.0
  • 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: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 15250
  • Gross Adjusted Income: 67596
  • Gross Rent Multiplier: 10.42
  • Gross Scheduled Income: $64,764
  • Insurance Expense: $1,207
  • Net Operating Income: $52,334
  • Other Expenses: $0
  • Total Monthly Income: 67596
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 5A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 884
  • Rent Unit 1: $1,799.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 5B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 884
  • Rent Unit 2: $1,799.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 5C
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 884
  • Rent Unit 3: $1,799.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2652.0

Property History for 6905 South Madison Street

DateEvent & SourcePriceAppreciation
Jan 9, 2026

Listed (Active)

NWMLS #2467036

$675,000—
Jun 20, 2017

Sold (Public Record)

Public Record #599287722

$265,000

+2.2% / yr

Aug 7, 2003

Sold (Public Record)

Public Record #118078819

$195,000—
DateEvent & SourcePrice
01/09/2026

Listed (Active)

NWMLS #2467036

$675,000
06/20/2017

Sold (Public Record)

Public Record #599287722

$265,000

+2.2% / yr

08/07/2003

Sold (Public Record)

Public Record #118078819

$195,000

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

Public Records for 6905 South Madison Street

Taxable ValueLand$217,500Additions$434,700Total$652,200
Tax Record2025$7,096 ($591 / month)
Home Facts
Total Finished SqFt2,652 SqFtAbove Ground SqFt2,652 SqFtStories1Lot Size9,147 SqFtStyleTriplexYear Built1978Year Renovated1987ZoningR3CountyPIERCEAPN0220255002

Schools near 6905 South Madison Street

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Manitou Park Elementary School
Public - PK to 5
Gray Middle School
Public - 6 to 8
Mt Tahoma High School
Public - 9 to 12
Tacoma Online High School
Public - 9 to 12
Rating
School
Distance
Manitou Park Elementary School
PublicPK to 5

Gray Middle School
Public6 to 8

Mt Tahoma 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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 6905 South Madison Street, Tacoma, WA 98409

6905 South Madison Street is a multi-family home for sale in Tacoma, WA 98409. This property was listed for sale on January 9, 2026 by Lee & Associates Commercial RE, it's currently listed at $675,000. It has been on the market for a total of 24 days and was last sold on June 20, 2017. This listing's school district is Tacoma School District. Nearby schools include Manitou Park Elementary School, Gray Middle School and Mt Tahoma High School. 6905 South Madison Street is a 6-bed, 4.5-bath, 2,652 sqft multi-family home built in 1978.

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 Lee & Associates Commercial RE

Based on information submitted to the MLS GRID as of 01/28/2026 02:13 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.