1214 S I Street, Tacoma, WA 98405

$979,999
3,435
SqFt

Show Photos

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

Listing courtesy of Kelly Right RE of Seattle LLC.

List Price
$979,999
Status
ACTIVE
MLS#
2520517
Price Change
▼ $20,000 1780375491
Days on Market
79
Style
54 - 4-Plex
Finished SqFt
3,435
Area Total SqFt
3435
Annual Tax Ammount
6586
Lot Size (sq ft)
3,250
Sewer
Sewer Connected

Property Description

Stunning Victorian 4-plex spread over two buildings that were fully rebuilt from the studs out in 2018. These units blend historic character with modern luxury! All units are fully furnished, and the sale includes all furniture, linens, dishware, décor and household essentials—offering a truly turnkey, income-producing highly rated vacation rental property from day one (ratings listed below). Each unit features its own in-unit washer and dryer. Prime Hilltop location with excellent walkability to the Tacoma light rail, convention center, UW Tacoma, and local museums, plus less than a mile from three major hospitals (about a 3-minute drive or 5-minute bike ride), making it highly desirable for traveling professionals and 30+ day furnished rentals. Thoughtfully designed unit mix offers strong income potential across all four units. Unit 1 features a spacious 1 bed/1 bath (900 SF) with open living and dining layout, sleeping 3 and averaging $2,838/mo (4.86/5 Star Rating). Unit 2 is the largest at 3 bed/2 bath (1,335 SF), sleeping 8, highlighted by partial Mt. Rainier views and two private decks, averaging $3,841/mo (4.9/5 Star Rating). DADU lower unit includes 1 bed/1 bath (600 SF), tile flooring in a sleek kitchen, sleeping 2, averaging $2,745/mo (4.85/5 Star Rating). Upper DADU is a cozy 1 bed/0.75 bath (600 SF), also sleeping 2, averaging $2,443/mo (4.84/5 Star Rating). Excellent opportunity for investor or house-hack buyer seeking strong in-place income and flexibility.

Additional Information

List Date
2026-05-08 23:43:12
Community
Hilltop
Net Operating Income
$80,500
Gross Scheduled Income
$142,428
Total Monthly Income
$142,428
Insurance Expenses
$5,666
Gross Rent Multiplier
6.85
Total Expenses
$61,928
Cap Rate
8
Total Number of Units
4
Unit Name
1214
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1901
View
City, Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Fully, High Speed Internet
Electric Expenses
15197
Other Expenses
34479
Energy Source
Electric
School District
Tacoma
Total Monthly Income
$142,428
Gross Scheduled Income
$142,428
Tax Year
2025
Insurance Expense
$5,666
Total Expenses
$61,928
Net Operating Income
$80,500
Gross Rent Multiplier
6.85
Cap Rate
8
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