Property Details
1102 N Sheridan Avenue
Tacoma, WA 98403
$785,000
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Property Overview
Excellent investment opportunity in Tacoma’s sought-after North End! This well-maintained 4-unit property at 1102 N Sheridan Ave offers a strong 6.5% cap rate with significant upside and pride of ownership throughout. Numerous improvements have already been completed, helping reduce future maintenance concerns while enhancing tenant appeal. Located in a premier location close to shopping, dining, parks, waterfront amenities, and commuter routes, this property combines stable income potential with long-term appreciation opportunity. Whether you’re expanding your portfolio or completing a 1031 exchange, this is a rare chance to own a turn-key multifamily asset in one of Tacoma’s most desirable neighborhoods.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
New Tacoma
Listed
May 22, 2026
Original Price
$805,000
Structure Type
Quadruplex
Parcel Number
2041280030
Tax & HOA
Annual Property Tax
$7,500 (2026)
Est. Monthly Tax
$625/mo
Financial Summary
Cap Rate
6.50%
Net Operating Income
$65,838
Gross Scheduled Income
$81,600
Gross Rent Multiplier
9.80
Total Expenses
$15,762
Building & Use
Leasable Area
3,600 sqft
Total Units
4
Year Built
1890
Exterior & Lot
Lot Size
0.09 sqft
Year Built
1890
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Curbs, Sidewalk
Exterior Features
Wood
Community & Access
Directions
GPS Friendly.
Location
City
Tacoma
County
Pierce
Coordinates
47.26177, -122.46770
Additional Information
Tax Year
2026
Annual Taxes
$7,500
Possession
Array
Based on information submitted to the MLS GRID as of June 17, 2026 9:15 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.
