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5404 S M Street, Tacoma, WA, 98408

12beds
10baths
7,889sqft
$1,775,000
$225price/sqft
$11,577/moest. monthly cost
$463,080/yrincome needed

About This Home

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.

Getting Around

65
WalkingSomewhat Walkable
0
TransitVery Limited Transit
55
BikeBikeable

Schools

6/10
Mann Elementary SchoolGrades PK-50.2 mi
2/10
2/10
Lincoln High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1949

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: 10+ Units
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 10

Features

  • Flooring: Hardwood,Vinyl,Carpet

Heating & Cooling

  • Heating features: Wall Furnace,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 7,889
  • Total interior livable area: 7,889 sqft

Property

Details

  • Parcel number: 7785006900
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 0.27 Acres
  • Features: Corner Lot,Curbs,Paved,Sidewalk,Cable TV,Fenced-Partially
  • Lot size dimensions: 100' x 117'

Parking

  • Total spaces: 6
  • Parking features: Garage
  • Attached garage spaces: 6
  • Covered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,975$107,700
Home Insurance *$521$6,252
Property Taxes $1,542$18,504
Electricity $539$6,475
Total$11,577$138,924
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$396,925/yr
40% on housing$347,310/yr
45% on housing$308,720/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$225This listing

vs Other Active Listings

Avg $/sqft

ZIP 98408$201
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98408$289
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-10-14Price change$1,775,000
2025-03-06Price change$1,895,000
2025-01-16Listed for sale$1,950,000
2019-10-01Listing removed$950
2019-07-31Listed for rent$950
2017-06-28Sold$700,000
2017-06-07Pending sale$750,000
2017-05-27Listed for sale$750,000
2010-05-21Listing removed$685,000
2010-04-17Listed for sale$685,000
2006-10-05Sold$630,000

For Sale by Agent

AgentStacey A. Brower
BrokerageKW Greater Seattle

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