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$1,341,500
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Property Description
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.
Full Property Details
Full Property Details for 403 N M
General
- Sold For: $1,341,500
- Taxes: $11,868 (2025)
- Status: Closed
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2477466
- Added to Site: 77 day(s) ago
Interior
- Flooring: Laminate, Vinyl, Carpet
Additional Information
- Amenities: Deck
Parking
- Carport Spaces: 6
- Uncovered Spaces: 6
Location
- Area: 21 - North Tacoma
- County: Pierce
- Subdivision: North Tacoma
- Building Name: New Tacoma
- Driving Directions: From Highway 16, North on Sprague exit follow to Division Ave, right to North M street, left to property on right
School Information
- High School District: Tacoma
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Stadium
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Quadruplex
- Exterior Const.: Wood Products
- Foundation: Poured Concrete
- Roof: Composition
- Stories in Building: 2
- Square Feet: 4,218
- Year Built: 2005
- Property Condition: Very Good
Unit Information
- Units in Building: 4
Lot Features
- Lot Size (Acres): 0.1492
- Lot Size (Sq. Ft.): 6,500
- Lot Size Source: Property Profile
- Lot Features: Alley, Curbs, Paved, Sidewalk
- Zoning: Multi-Family
Financial Considerations
- Tax Amount: $11,868
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Special Conditions: None
- Property ID: 2034250051
- Lot Number: 9
Listed by Jeff Jensen | Keller Williams Rty Tacoma | (253) 460-8640
Sold by Leah Kennedy | Redfin
Get Pre-Approved Today
Schools
Schools serving 403 N M
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
Grant Elementary School, Tacoma, WA 2510 North 11th Street, Tacoma, WA 98406 | PK-5 | 0.6 mi |
Hilltop Heritage Middle School 602 North Sprague Avenue, Tacoma, WA 98403 | 6-8 | 0.5 mi |
Stadium High School 111 North E Street, Tacoma, WA 98403 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 403 N M
Date
Details
Price
Change
Source
4/30/2026
Sold
$1,341,500
-10.27%
MLS
3/04/2026
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
403 N M, Tacoma, WA 98403 (MLS# 2477466) is a Multi-Family property that was sold at $1,341,500 on April 30, 2026. Want to learn more about 403 N M? Do you have questions about finding other Multi-Family real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

