1021 N 5th Street, Tacoma, WA 98403
- $1,150,000
- 4,799
- SqFt
Listing courtesy of Windermere Abode. Selling Office: Windermere Prof Partners.
- Sold Price
- $1,150,000
- List Price
- $1,100,000
- Status
- SOLD
- MLS#
- 2517892
- Closing Date
- Jun 24, 2026
- Days on Market
- 6
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,799
- Area Total SqFt
- 4799
- Annual Tax Ammount
- 9606.96
- Lot Size (sq ft)
- 7,500
- Sewer
- Sewer Connected
Property Description
This stately property in Tacoma’s North Slope Historic District holds 4 units including a gracious main floor that’s a complete home in itself. Built by the Cornell Brothers who also built the Elks Temple and First Presbyterian, this is an opportunity to live in a home full of history and character with rental income for support. Open the front door from the wraparound porch into an apartment spanning the entire main level. Oak hardwoods and a rounded bay window bring beauty to the living room, while the dining room is replete with original millwork from box beam ceilings to paneled walls and built-ins. The commercial style, eat-in kitchen creates contrast with its concrete counters and SubZero fridge. With 2 bedrooms, a bonus room, 2 baths, and a back deck overlooking the garden, there’s room to live, work and host. The 2nd floor’s 1-bed, 1-bath units are both occupied and generating income. The basement studio is vacant. Updates include a new roof and exterior paint in 2025 and a new boiler in 2023. Near parks, pubs, cafes and light rail.
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Additional Information
- List Date
- 2026-06-18 00:00:00
- Community
- Tacoma
- Net Operating Income
- $66,549
- Gross Adjusted Income
- $92,910
- Gross Scheduled Income
- $97,800
- Total Monthly Income
- $8,150
- Insurance Expenses
- $6,269
- Water/Sewer/Garbage Expenses
- $7,216
- Gross Rent Multiplier
- 11.25
- Total Expenses
- $26,360
- Cap Rate
- 6.05
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 1021
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1905
- Roof
- Composition, Flat
- Site Features
- Deck, Fenced-Partially, Gas Available
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Total Monthly Income
- $8,150
- Gross Scheduled Income
- $97,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $92,910
- Tax Year
- 2026
- Insurance Expense
- $6,269
- W/S/G Expenses
- $7,216
- Total Expenses
- $26,360
- Net Operating Income
- $66,549
- Gross Rent Multiplier
- 11.25
- Cap Rate
- 6.05
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