Property Details
1012 N I Street
Tacoma, WA 98403
$899,000
Pending
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
North Tacoma
Listed
Jan 23, 2026
Financial Summary
Cap Rate
6.50%
Net Operating Income
$58,423
Gross Scheduled Income
$74,760
Gross Rent Multiplier
12.00
Total Expenses
$15,589
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
3,031
Leasable Area
2,725 sqft
Total Units
3
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
4,874 sqft
Year Built
1900
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1900
Garage
3 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.26585, -122.46365
Additional Information
Tax Year
2025
Annual Taxes
$8,089
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
