2418 S I Street, Tacoma, WA 98405

Local realty services provided by:Knipe Realty ERA Powered
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Listed by:ryan d meacham
Office:engel & voelkers chambers bay
MLS#:2324216
Source:NWMLS
2418 S I Street,Tacoma, WA 98405
$1,200,000
  • - Beds
  • - Baths
  • 2,658 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$451.47

About this home

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!

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Home facts

  • Year built:2025
  • Listing Id #:2324216
  • Updated:August 12, 2025 at 07:51 AM

Rooms and interior

  • Living area:2,658 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:2025
  • Building area:2,658 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$451.47
  • Tax amount:$1,741 (2025)
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