Tacoma, WA 98403 222 N I Street
$1,175,000
29 more
Presented By: The Joseph Group and NWMLS
- MLS# 2323798
- 01/17/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,964
Home Details
Welcome to 222 N I Street, a meticulously maintained 7-unit apartment complex in the heart of North Tacoma, one of the West Coast’s fastest-growing rental markets. This property features a mix of 5 one-bedroom/one-bath units and 2 studio units, offering a proven history of high market rents, long-term occupancy, and excellent upkeep. With a prime location near downtown, hospitals, public transit, and North Tacoma’s best amenities, it’s a rare opportunity for seasoned investors or those starting their portfolio. Increase cash flow potential by adding coin-operated laundry in the basement. Don’t miss this exceptional investment in a thriving rental market!
Presented By: The Joseph Group and NWMLS
Interior Features for 222 N I Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringHardwood, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories3
General for 222 N I Street
Building Area UnitsSquare Feet
Cap Rate6.9
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsFrom I-5 take exit 133 for I-705 N; Turn right onto S Stadium Way; Turn left onto Division Ave; Turn left onto Division Ave, building will be on the left.
Electric Expense770
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictTacoma
Insurance Expense6000
Leasable Area3964
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet3000
Lot Size UnitsSquare Feet
MLS Area21 – North Tacoma
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-07-31T13:12:10.656Z
NWM_ShowMapLinkY
Net Operating Income81746
New ConstructionNo
Number Of Units Total7
Open Parking Spaces0
PossessionClosing, Subject to Tenant Rights
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWelcome to 222 N I Street, a meticulously maintained 7-unit apartment complex in the heart of North Tacoma, one of the West Coasts fastest-growing rental markets. This property features a mix of 5 one-
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameNorth Tacoma
Tax Annual Amount12207
Tax Year2024
Units Below Gradetrue
Units In Building Total7
ViewCity
Virtual TourClick here
Water CompanyTPU
Water Sewer Garbage0
Year Built1904
Exterior for 222 N I Street
Building Area Total3964
Covered Spaces
Exterior AmenitiesStucco
Irrigation Water Rights Y/NNo
Lot Dimensions87 x 38
Lot FeaturesCorner Lot, Curbs, Paved, Sidewalk
Lot Size Acres0.0689
Parking Uncovered Spaces0
Site FeaturesFenced-Partially, Gas Available
Total Parking0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
Josh QA1
REALTOR ® SRES ®