Property Details

707 S I St

Tacoma, WA 98405

$1,599,000

Available

CBA# 704464 courtesy of CBA Listing firm: Kidder Mathews

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Commercial

Property Type

5,640

Bldg Sq Ft

Units

5.00%

Cap Rate

1954

Year Built

Property Overview

Victorian Manor is a fully renovated from the studs out, multifamily asset ideally positioned in Tacoma’s rapidly expanding urban core, just two blocks from the brand-new T-Line Light Rail and minutes from downtown. Victorian Manor is a rare turnkey opportunity priced under $138K per door, has upside in rents, in a walkable, and transit-connected neighborhood that is poised for appreciation. Victorian Manor has the potential for 10%+ income growth via utility bill-back and modest rent adjustments. With Tacoma’s steady rent growth, healthcare expansion, and regional infrastructure investments this property offers both immediate yield and long-term upside. Victorian Manor delivers stability, scalability, and location-driven value that investors seek.