Tacoma, WA 98405 2418 S I Street
$1,200,000
Pending
10 more
Presented By: Engel & Voelkers Chambers Bay and NWMLS
- MLS# 2324216
- 04/15/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,658
Home Details
New Construction 6 unit with $7820/mth in rental income (cap rate 6.7), a 12 year tax abatement at ‘land only’ taxes, and a proven low-maintenance interior & site design. Income is maximized AND turn-over is simple on these incredibly desirable 1 bdrm/ 1 bath units offering a full-sized kitchen w/ upgraded stainless appls, a good-sized bedroom w/ a large closet space, a living room, and a full-size in-unit washer & dryer. Each unit is designed to share only one floor / ceiling assembly for quieter units, to maximize privacy, and to provide the feel of a stand-alone home. Each unit has a ductless mini-split heat pump for AC & heat. These affordable 1 bdrm units are the fastest renting units in Tacoma! Downtown & light rail friendly location!
Presented By: Engel & Voelkers Chambers Bay and NWMLS
Interior Features for 2418 S I Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 2418 S I Street
AmenitiesEnergy Package, Thermal Windows
Assoc Fee Paid PerNot Applicable
Building Area UnitsSquare Feet
Cap Rate6.7
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingDuctless
CountyPierce
DirectionsFrom Downtown Tacoma on Pacific and S 25th St (Brewery District), proceed up 25th to the subject property on your right on I St.
Energy EfficientThermal Windows
HOANo
HOA Fee$
HeatingDuctless
High School DistrictTacoma
Insurance Expense1399
Leasable Area2658
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet3000
Lot Size UnitsSquare Feet
MLS Area30 – Central Tacoma
ModificationTimestamp2025-08-12T03:32:10.450Z
NWM_ShowMapLinkY
Net Operating Income80008
New ConstructionYes
Number Of Units Total6
Open Parking Spaces2
PossessionClosing, Subject to Tenant Rights
Possible UseMulti-Family
Property ConditionVery Good
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksNew 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-o
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusPending
StatusPending
Structure TypeMulti Family
Subdivision NameTacoma
Tax Annual Amount1741
Tax Year2025
Units Below Gradefalse
Units In Building Total6
ViewMountain(s), Territorial
Water CompanyTPU
Water Sewer Garbage6000
Year Built2025
Zoning DescriptionMulti-Family
Exterior for 2418 S I Street
Building Area Total2658
Covered Spaces
Exterior AmenitiesCement Planked
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.0689
Parking Uncovered Spaces2
Site FeaturesCable TV, Fenced-Partially, High Speed Internet
Total Parking2
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®