Property Details
1901 N Fife Street
Tacoma, WA 98406
$892,750
Active
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Property Overview
Located in North Tacoma’s desirable Buckley District, this well-maintained 5-unit building (Four 1-bed units + One studio unit) offers strong rents, long-term occupancy, and excellent upkeep. Minutes from downtown, hospitals, transit, and top amenities, it’s a rare find in one of the West Coast’s fastest-growing rental markets. Value-add potential includes adding W/D hookups to larger units and finishing part of the basement to create a 6th income-producing unit (buyer to verify). A prime opportunity for seasoned or first-time investors alike.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
North Tacoma
Listed
Jan 6, 2026
Original Price
$897,750
Financial Summary
Cap Rate
4.90%
Net Operating Income
$51,193
Gross Scheduled Income
$83,888
Gross Rent Multiplier
12.50
Total Expenses
$32,695
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
3,456
Leasable Area
3,536 sqft
Total Units
5
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
7,501 sqft
Year Built
1908
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1908
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.26639, -122.47011
Additional Information
Tax Year
2024
Annual Taxes
$8,907
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
