Property Details
1212 S I Street
Tacoma, WA 98405
$925,000
Active
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Property Overview
1212 S. I Street is a turnkey investment opportunity that delivers both dependable income and long-term value appreciation. With four living units and a 5th for storage this property is generating stable rental revenue, has strong tenant demand driven by nearby employment and education, and clear potential for value-add improvements. This property offers an ideal balance of security and growth. Property has a new roof, outside paint and stained decks. Investors and house hackers seeking a manageable, well-located asset in a dynamic Pacific Northwest market will find 1212 S. I Street to be a compelling choice. Owner previously lived and had office in 2 units of property and will rent back storage under unit 4 if desired, adding additional income. See recent passed Insurance Inspection in supplements
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Hilltop
Listed
Apr 28, 2026
Financial Summary
Cap Rate
7.03%
Net Operating Income
$65,094
Gross Scheduled Income
$80,160
Gross Rent Multiplier
11.53
Total Expenses
$15,066
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,590
Leasable Area
4,280 sqft
Total Units
4
Lot Size
3,250 sqft
Year Built
1895
Exterior & Lot
Lot Size
0.07 sqft
Year Built
1895
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Cement/Concrete, Wood, Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.25072, -122.44893
Additional Information
Tax Year
2025
Annual Taxes
$6,338
Possession
Array
Based on information submitted to the MLS GRID as of April 28, 2026 8:30 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.
