Washington
Tacoma
2418 S I Street

$1,200,000

2418 S I Street, Tacoma, WA 98405

Multi-Family Home
Built in 2025
3,001sqft lot
—— car garage
$——/sqft
Listed 3 months ago

Property Description

This listing courtesy of Ryan D Meacham, Engel & Voelkers Chambers Bay

New Construction 6 unit with $8120/mth in rental income (cap rate 7.0), 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!

Listing Status:: Active
Listing Office:: Engel & Voelkers Chambers Bay : 253-565-1121
Listing Agent:: Ryan D Meacham : 253-565-1121
MLS ID:: 2324216

Flooring: Vinyl Plank
A/C: Ductless
Heating: Ductless
Fireplace: Fireplaces: 0
Eco/Green Feature: Thermal Windows

This listing courtesy of Ryan D Meacham, Engel & Voelkers Chambers Bay

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

McCarver Elementary School

2111 S J St, Tacoma, WA, 98405

Grades PK-5

0.25 miles away

Special Services

601 S 8th St, Tacoma, WA, 98405

Grades PK-12

1.24 miles away

Tacoma School of the Arts

1102 A St Ste 200, Tacoma, WA, 98402

Grades 9-12

0.56 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.