$979,999

6 Beds 5 Baths 3,435 SQFT 0.07 Acres
Type: Multi-Family

1214 S I Street
Tacoma, WA 98405

MLS#: 2520517
Presented by: Kelly Right RE of Seattle LLC and NWMLS

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.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories3

General

Building Area Units0 sqft
Cap Rate8
Carport Spaces0
Carport Y/NNo
CityTacoma
CoolingWindow Unit(s)
CountyPierce
DirectionsI-5 Exit 133 towards I-705 North, exit city center exit, keep left onto South 15th. Right on South I St. Home is on Left
Electric Expense15197
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingWall Furnace
High School DistrictTacoma
Insurance Expense5666
Leasable Area3,435 sqft
Listing TermsCash, Conventional, FHA
Living Area0 sqft
Lot Size Square Feet3,250 sqft
Lot Size UnitsSquare Feet
MLS Area28 - Central Tacoma
NWM_ShowMapLinkY
Net Operating Income80500
New ConstructionNo
Number Of Units Total4
PossessionNegotiable
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksStunning 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
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameHilltop
Tax Annual Amount$6,586
Tax Year2025
Units Below Gradefalse
Units In Building Total4
ViewCity, Territorial
Water CompanyTPU
Water Sewer Garbage0
Year Built1901

Exterior

Building Area Total3,435 sqft
Covered Spaces0
Exterior AmenitiesWood, Wood Products
Foundation DetailsBlock, Poured Concrete
Irrigation Water Rights Y/NNo
Lot Size Acres0.0746
Parking Uncovered Total0
Site FeaturesCable TV, Deck, Fenced-Fully, High Speed Internet
Total Parking0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$979,999

6 Beds 5 Baths 3,435 SQFT 0.07 Acres
Type: Multi-Family

1214 S I Street
Tacoma, WA 98405

MLS#: 2520517