1212 S I Street, Tacoma, WA 98405

$925,000
3,590
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of Keller Williams Rty Tacoma.

List Price
$925,000
Status
ACTIVE
MLS#
2513807
Days on Market
89
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
3,590
Area Total SqFt
3590
Annual Tax Ammount
6338
Internet Provider
Xfinity
Lot Size (sq ft)
3,250
Sewer
Sewer Connected

Property Description

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

Additional Information

List Date
2026-04-28 20:19:13
Community
Hilltop
Net Operating Income
$65,094
Gross Adjusted Income
$73,432
Gross Scheduled Income
$80,160
Total Monthly Income
$6,680
Insurance Expenses
$2,000
Gross Rent Multiplier
11.53
Total Expenses
$15,066
Cap Rate
7.03
Vacancy Rate
5
Total Number of Units
4
Unit Name
1212
Potential Terms
Cash, Conventional, FHA, Owner Will Carry, VA Loan
Year Built
1895
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, Gated Entry, High Speed Internet, Patio
Other Expenses
6728
Energy Source
Electric
School District
Tacoma
Total Monthly Income
$6,680
Gross Scheduled Income
$80,160
Vacancy Rate
5
Gross Adjusted Income
$73,432
Tax Year
2025
Insurance Expense
$2,000
Total Expenses
$15,066
Net Operating Income
$65,094
Gross Rent Multiplier
11.53
Cap Rate
7.03
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks