Property Details
1901 N Fife Street
Tacoma, WA 98406
$848,112
Pending Inspection
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Property Overview
SELLER FINANCING AVAILABLE Located in one of North Tacoma's thriving neighborhoods, this well maintained 5 unit building (four 1 bedroom units plus one studio) offers strong rents, long term tenant occupancy, and excellent upkeep throughout. Just minutes from downtown Tacoma, hospitals, transit, and top amenities, this is a rare find in one of the West Coast's fastest growing rental markets. Value add potential is built in: add W/D hookups to the larger units, and consider finishing part of the basement to create a 6th income producing unit (buyer to verify feasibility). Whether you're a seasoned investor or just getting started, this property offers a strong income base with room to grow. Don't miss this one. OWNER FINANCING AVAILABLE — ask about flexible terms!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Pierce
Neighborhood
North Tacoma
Listed
Jun 23, 2026
Structure Type
Multi Family
Parcel Number
2745002530
Tax & HOA
Annual Property Tax
$8,907 (2024)
Est. Monthly Tax
$742/mo
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
Community & Access
Directions
S on Division, right/W on N I, left/S on N Fife, home will be on left at the corner of N Fife & N 19th.
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 July 30, 2026 8:15 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.
