1212 S I Street, Tacoma, WA 98405
- $925,000
- 3,590
- SqFt
Listing courtesy of Keller Williams Rty Tacoma.
- List Price
- $925,000
- Status
- ACTIVE
- MLS#
- 2513807
- Days on Market
- 89
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,590
- Lot Size (sq ft)
- 3,250
Property Description
1212 S. I Street is a turnkey investment opportunity that delivers both dependable income and long-term value appreciation. With four living units and a 5th for storage this property is generating stable rental revenue, has strong tenant demand driven by nearby employment and education, and clear potential for value-add improvements. This property offers an ideal balance of security and growth. Property has a new roof, outside paint and stained decks. Investors and house hackers seeking a manageable, well-located asset in a dynamic Pacific Northwest market will find 1212 S. I Street to be a compelling choice. Owner previously lived and had office in 2 units of property and will rent back storage under unit 4 if desired, adding additional income. See recent passed Insurance Inspection in supplements
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Additional Information
- List Date
- 2026-04-28 20:19:13
- Community
- Hilltop
- Potential Terms
- Cash, Conventional, FHA, Owner Will Carry, VA Loan
- Year Built
- 1895
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, Gated Entry, High Speed Internet, Patio
- School District
- Tacoma
- Total Monthly Income
- $6,680
- Gross Scheduled Income
- $80,160
- Vacancy Rate
- 5
- Gross Adjusted Income
- $73,432
- Tax Year
- 2025
- Insurance Expense
- $2,000
- Total Expenses
- $15,066
- Net Operating Income
- $65,094
- Gross Rent Multiplier
- 11.53
- Cap Rate
- 7.03
Mortgage Calculator
Based on information submitted to the MLS GRID as of . 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.