1012 N I Street, Tacoma, WA 98403
- $899,000
- 3,031
- SqFt
Listing courtesy of Real Broker LLC. Selling Office: Hawkins Poe.
- Sold Price
- $899,000
- List Price
- $899,000
- Status
- SOLD
- MLS#
- 2470773
- Closing Date
- Jun 02, 2026
- Days on Market
- 319
- Style
- 53 - Tri-plex
- Building Condition
- Average
- Finished SqFt
- 3,031
- Area Total SqFt
- 3031
- Annual Tax Ammount
- 8089
- Lot Size (sq ft)
- 4,875
- Sewer
- Sewer Connected
Property Description
Rare North Slope triplex located directly across from the iconic Rust Mansion — a premier location in one of Tacoma’s most desirable historic neighborhoods. The ground-floor unit lives like a single-family residence with 2 bedrooms, 1 bath, covered front porch, and exceptional period charm. The two upper units are updated, multi-level townhome-style layouts offering 2 bedrooms, ¾ baths, private balconies, and water views, supporting strong tenant demand and premium rents. Additional income is generated from a detached 3-car garage, with potential upside through future DADU or fourth-unit conversion (buyer to verify). Shared on-site laundry adds operational efficiency and tenant convenience. A true turn-key asset with long-term appreciation, multiple income streams, and flexible exit strategies — ideal for both seasoned investors and owner-occupants seeking a high-quality house-hack in a trophy location.
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Additional Information
- List Date
- 2025-07-18 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $58,423
- Gross Adjusted Income
- $74,012
- Gross Scheduled Income
- $74,760
- Total Monthly Income
- $6,230
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $3,500
- Gross Rent Multiplier
- 12
- Total Expenses
- $15,589
- Cap Rate
- 6.5
- Vacancy Rate
- 1
- Total Number of Units
- 3
- Unit Name
- 1012
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1900
- View
- Bay, Mountains, Sound, Territorial
- Roof
- Composition
- Site Features
- Patio
- Other Expenses
- 2000
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Total Monthly Income
- $6,230
- Gross Scheduled Income
- $74,760
- Vacancy Rate
- 1
- Gross Adjusted Income
- $74,012
- Tax Year
- 2025
- Insurance Expense
- $2,000
- W/S/G Expenses
- $3,500
- Total Expenses
- $15,589
- Net Operating Income
- $58,423
- Gross Rent Multiplier
- 12
- Cap Rate
- 6.5
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.