2412 S I Street, Tacoma, WA 98405
- $675,000
- 3,008
- SqFt
Listing courtesy of Best Choice Realty LLC. Selling Office: COMPASS.
- Sold Price
- $675,000
- List Price
- $795,000
- Status
- SOLD
- MLS#
- 2341493
- Closing Date
- Apr 18, 2025
- Days on Market
- 7
- Style
- 54 - 4-Plex
- Building Condition
- Fair
- Finished SqFt
- 3,008
- Area Total SqFt
- 3008
- Annual Tax Ammount
- 8970
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Great investment opportunity! Tacoma 4-plex with great long-term tenants. Each unit features an open living plan, a nice kitchen, and a laundry room with a washer/dryer. There are two bedrooms and one bathroom. The bedrooms are spacious with plenty of closet space. The living room has a real fireplace. One parking spot per unit plus 2 guest parking. While this property is a bit of an exterior fixer, most of the interiors have been updated. It features a 6.0% cap rate and GRM of 11.8. Building 2410 is also available. Buy them both! Wonderful investment property in a growing part of Tacoma.
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Additional Information
- List Date
- 2025-04-11 00:00:00
- Community
- Hilltop
- Net Operating Income
- $48,035
- Gross Adjusted Income
- $66,900
- Gross Scheduled Income
- $66,900
- Total Monthly Income
- $5,575
- Insurance Expenses
- $1,428
- Water/Sewer/Garbage Expenses
- $8,467
- Gross Rent Multiplier
- 11.8
- Total Expenses
- $18,865
- Cap Rate
- 6
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 2412
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1981
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,575
- Gross Scheduled Income
- $66,900
- Vacancy Rate
- 2
- Gross Adjusted Income
- $66,900
- Tax Year
- 2024
- Insurance Expense
- $1,428
- W/S/G Expenses
- $8,467
- Total Expenses
- $18,865
- Net Operating Income
- $48,035
- Gross Rent Multiplier
- 11.8
- Cap Rate
- 6
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.