Listing provided courtesy of Keller Williams Rty TacomaNWMLSas Distributed by MLSGrid- MLS# NWM2513807
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New deck and low maintenance common space
Back of 3 unit house
back of adu
Interior stairs to units
Dining area
Bed 1
Bed 1
Bed 2
Bath
Bath
Near by Park
1212 S I StreetTacoma, WA 98405
Multi-Family · 4 Beds · 3,590 Sq. ft. | 0.07 Acres$925,000
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1212 S I Street Overview
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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
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1212 S I Street Facts & Features
- Type Multi-Family
- Sq. ft. 3,590
- Price/Sq.ft. $258
- Lot 0.07 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Tacoma
Income/Expenses
- Other Expense: 6728
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 80160
- Insurance Expense: 2000
- Net Operating Income: 65094
- Total Expenses: 15066
- Total Monthly Income: 6680
- Water/Sewer/Garbage: 0
Building Information
- New Construction: No
- Year Built: 1895
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 28 - Central Tacoma
- Subdivision Name: Hilltop
Community/Development
- Amenities: Storage
Tax Information
- Tax Annual Amount: $6,338.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional, FHA, Owner Will Carry, VA Loan
- Parcel Number: 2012180060
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 3590
- Building Area Units: Square Feet
- Calculated Square Footage: 3590
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Hardwood, Vinyl
- Foundation Details: Block
- Heating: Yes
- Leasable Area: 4280
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Fully Fenced,Security Gate
- Stories Total: 3
Exterior
Parking Information
- Open Parking: No
- Parking Total: 0
- Parking Uncovered Total: 0
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Paved, Sidewalk
- Lot Size Square Feet: 3250
- Lot Size Units: Square Feet
- Site Features: Cable TV, Deck, Fenced-Fully, Gated Entry, High Speed Internet, Patio
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Quadruplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Cement/Concrete, Wood, Wood Products
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 2 Details
- Actual Rent: 1595
- Beds Total: 1
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1595
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1695
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1795
- Beds Total: 1
- Baths Total: 1
1212 S I Street Neighborhood
Community
98405 (Tacoma) Demographics
37
Median Age
5,709
Population Density (per sq. mile)
42%
College Educated
$60,255
Estimated Median Income
4,740
Estimated Total Home Owners
5,142
Estimated Total Renters
48% / 52%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1212 S I Street Monthly Cost
1212 S I Street Market Data
Based on the last 30 days in this zip code
$485,245
Average List Price
$282
Average Price per Square Foot
25
Properties Sold
64
Average Days on Market
77
Properties for Sale
1212 S I Street History
| Date | Value | Agent |
|---|---|---|
| 4/28/2026Source: NWMLS | April 28, 2026 |