Listing provided courtesy of Kelly Right RE of Seattle LLCNWMLSas Distributed by MLSGrid- MLS# NWM2520517MLS Provider

1214 S I StreetTacoma, WA 98405

Multi-Family · 6 Beds · 3,435 Sq. ft. | 0.07 Acres
$979,999 Active

1214 S I Street Overview

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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.

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1214 S I Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,435
  • Price/Sq.ft. $285
  • Lot 0.07 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma

Income/Expenses

  • Other Expense: 34479
  • Electric Expense: 15197
  • Fuel Expense: 0
  • Gross Scheduled Income: 142428
  • Insurance Expense: 5666
  • Net Operating Income: 80500
  • Total Expenses: 61928
  • Total Monthly Income: 142428
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1901

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 28 - Central Tacoma
  • Subdivision Name: Hilltop

Tax Information

  • Tax Annual Amount: $6,586.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 2012180070
  • 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: 3435
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3435
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: Yes
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Vinyl Plank, Carpet
  • Foundation Details: Block, Poured Concrete
  • Heating: Yes
  • Leasable Area: 3435
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Security Features: Fully Fenced
  • Stories Total: 3

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 0
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Square Feet: 3250
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, Fenced-Fully, High Speed Internet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 4 Details

  • Actual Rent: 2443
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 2745
  • Beds Total: 1
  • Baths Total: 1

Unit 1 Details

  • Actual Rent: 2838
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 3841
  • Beds Total: 3
  • Baths Total: 2

1214 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
Community data courtesy of LiveBy, Inc.

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.

1214 S I Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1214 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
Calculations provided by Reliance Network

1214 S I Street History

Date Event Value Agent
6/1/2026Source: NWMLS Price Reduction
$979,999 -2.0%
5/22/2026Source: NWMLS Price Reduction
$999,999 -4.7%
5/8/2026Source: NWMLS Added to Database
May 08, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021
6/20/2022Source: NWMLS Added to Database
June 01, 2021