1201 N Washington Street, Tacoma, WA 98406
- $567,500
- 2,705
- SqFt
Listing courtesy of Coldwell Banker Bain. Selling Office: Coldwell Banker Bain.
- Sold Price
- $567,500
- List Price
- $600,000
- Status
- SOLD
- MLS#
- 2460366
- Closing Date
- Mar 30, 2026
- Days on Market
- 79
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 2,705
- Area Total SqFt
- 2705
- Annual Tax Ammount
- 5856
- Lot Size (sq ft)
- 5,600
- Sewer
- Sewer Connected
Property Description
Prime turnkey rental just one block from the University of Puget Sound! This permitted 6-bed, 2.75-bath rental offers 2,705 sq ft of updated living space and strong, consistent rental demand. Thoughtful conversions and improvements create spacious bedrooms, functional common areas, and reliable cash flow with all 6 bedrooms currently leased. Classic Tacoma charm blends with modern updates, making this an ideal long-term hold in one of the city's most desirable neighborhoods. Close to UPS, 6th Ave dining, Proctor District shopping, parks, and transit—an incredible opportunity for investors seeking stability, location, and upside.
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Additional Information
- List Date
- 2026-01-10 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $3,638,973
- Gross Adjusted Income
- $43,200
- Gross Scheduled Income
- $43,200
- Total Monthly Income
- $3,600
- Insurance Expenses
- $954
- Gross Rent Multiplier
- 15.05
- Total Expenses
- $6,810
- Cap Rate
- 5.6
- Total Number of Units
- 6
- Unit Name
- 1201
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1941
- View
- Territorial
- Roof
- Composition
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Jefferson
- Middle School
- Mason
- High School
- Silas High School
- Total Monthly Income
- $3,600
- Gross Scheduled Income
- $43,200
- Gross Adjusted Income
- $43,200
- Tax Year
- 2025
- Insurance Expense
- $954
- Total Expenses
- $6,810
- Net Operating Income
- $3,638,973
- Gross Rent Multiplier
- 15.05
- Cap Rate
- 5.6
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.