2418 S I Street, Tacoma, WA 98405
- $1,215,000
- 2,658
- SqFt
Listing courtesy of Engel & Voelkers Chambers Bay. Selling Office: eXp Realty.
- Sold Price
- $1,215,000
- List Price
- $1,200,000
- Status
- SOLD
- MLS#
- 2324216
- Closing Date
- Oct 03, 2025
- Days on Market
- 48
- Style
- 55 - 5-9 Units
- Building Condition
- Very Good
- Finished SqFt
- 2,658
- Area Total SqFt
- 2658
- Annual Tax Ammount
- 1741
- Lot Size (sq ft)
- 3,000
- Sewer
- Sewer Connected
Property Description
New Construction 6 unit with $7820/mth in rental income (cap rate 6.7), a 12 year tax abatement at 'land only' taxes, and a proven low-maintenance interior & site design. Income is maximized AND turn-over is simple on these incredibly desirable 1 bdrm/ 1 bath units offering a full-sized kitchen w/ upgraded stainless appls, a good-sized bedroom w/ a large closet space, a living room, and a full-size in-unit washer & dryer. Each unit is designed to share only one floor / ceiling assembly for quieter units, to maximize privacy, and to provide the feel of a stand-alone home. Each unit has a ductless mini-split heat pump for AC & heat. These affordable 1 bdrm units are the fastest renting units in Tacoma! Downtown & light rail friendly location!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-08-16 00:00:00
- Community
- Tacoma
- Net Operating Income
- $80,008
- Gross Adjusted Income
- $89,148
- Gross Scheduled Income
- $93,840
- Total Monthly Income
- $7,820
- Insurance Expenses
- $1,399
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 12.8
- Total Expenses
- $9,140
- Cap Rate
- 6.7
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 2418
- Potential Terms
- Cash Out, Conventional
- Year Built
- 2025
- View
- Mountain(s), Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $7,820
- Gross Scheduled Income
- $93,840
- Vacancy Rate
- 5
- Gross Adjusted Income
- $89,148
- Tax Year
- 2025
- Insurance Expense
- $1,399
- W/S/G Expenses
- $6,000
- Total Expenses
- $9,140
- Net Operating Income
- $80,008
- Gross Rent Multiplier
- 12.8
- Cap Rate
- 6.7
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.