Tacoma, WA 98405,2418 S I ST
Listed by Engel & Voelkers Chambers Bay
Bought with eXp Realty

$1,200,000

Est.Price: ?

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Est. payment /mo

6 Beds

6 Baths

2,658 SqFt


SOLD DATE : 10/03/2025

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 2,658 sqft

Price per Sqft $457

Subdivision Tacoma

MLS Listing ID 2324216

Sold Date 10/03/25

Style 55 - 5-9 Units

Bedrooms 6

Construction Status Completed

Year Built 2025

Annual Tax Amount $1,741

Lot Size 3,000 Sqft

Property Sub-Type Multi Family

Property Description

New Construction 6 unit with $7820/mth in rental income (cap rate 6.7), a 12 year tax abatement at 'land only' taxes, and a proven low-maintenance interior & site design. Income is maximized AND turn-over is simple on these incredibly desirable 1 bdrm/ 1 bath units offering a full-sized kitchen w/ upgraded stainless appls, a good-sized bedroom w/ a large closet space, a living room, and a full-size in-unit washer & dryer. Each unit is designed to share only one floor / ceiling assembly for quieter units, to maximize privacy, and to provide the feel of a stand-alone home. Each unit has a ductless mini-split heat pump for AC & heat. These affordable 1 bdrm units are the fastest renting units in Tacoma! Downtown & light rail friendly location!

Location

State WA

County Pierce

Area 30 - Central Tacoma

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Cement Planked

Amenities Available Cable TV, Fenced-Partially, High Speed Internet

View Y/N Yes

View Mountain(s), Territorial

Roof Type Composition

Building

Lot Description Alley, Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction Yes

Construction Status Completed

Schools

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

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Robert Laing

Robert Laing

Fontanez Laing Team

+1(206) 552-0599

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Northwest MLS (NWMLS)
Julie Fontanez

Julie Fontanez

Real Estate Advisor

+1(206) 651-5770

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