809 S I Street, Tacoma, WA 98405
- $2,300,000
- 9,750
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $2,300,000
- List Price
- $2,750,000
- Status
- SOLD
- MLS#
- 2433783
- Closing Date
- Dec 11, 2025
- Days on Market
- 27
- Style
- 56 - 10+ Units
- Building Condition
- Fair
- Finished SqFt
- 9,750
- Area Total SqFt
- 9750
- Annual Tax Ammount
- 32312
- Lot Size (sq ft)
- 9,750
- Sewer
- Sewer Connected
Property Description
SELLER FINANCE OPPORTUNITY - Just listed, The Harvard Apartments. 20-unit opportunity offered to the market for the first time in over 50 years. An exceptional opportunity to acquire a well built, classic brick apartment building located in the heart of Tacoma, Washington. This asset features durable construction, long-term tenant stability, and significant upside potential through interior renovations. With seller financing available, this offering provides a rare low-barrier of entry into a value-add multifamily investment in one of the Puget Sound region’s most dynamic rental markets. With over 35% of the property vacant, investors can seamlessly navigate Tacoma's restrictive tenant relocation laws and begin work on unit remodels day 1
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Additional Information
- List Date
- 2025-11-14 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $153,478
- Gross Adjusted Income
- $263,655
- Gross Scheduled Income
- $277,532
- Total Monthly Income
- $23,116
- Insurance Expenses
- $10,000
- Water/Sewer/Garbage Expenses
- $20,683
- Gross Rent Multiplier
- 9.9
- Total Expenses
- $110,178
- Cap Rate
- 5.58
- Vacancy Rate
- 5
- Total Number of Units
- 20
- Unit Name
- 809
- Potential Terms
- Owner Financing
- Year Built
- 1953
- Roof
- Flat
- Other Expenses
- 47183
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $23,116
- Gross Scheduled Income
- $277,532
- Vacancy Rate
- 5
- Gross Adjusted Income
- $263,655
- Tax Year
- 2025
- Insurance Expense
- $10,000
- W/S/G Expenses
- $20,683
- Total Expenses
- $110,178
- Net Operating Income
- $153,478
- Gross Rent Multiplier
- 9.9
- Cap Rate
- 5.58
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.