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Listed by:Windermere Prof Partners • Drew Staudt

$499,900

Est. payment - /mo

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4 Beds

2 Baths

1,596 SqFt

New

1017 S I ST Tacoma, WA 98405

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Aaron Miriello

aaron@primenorthwesthomes.com +1(206) 999-8875

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,596 sqft

Price per Sqft $313

Subdivision New Tacoma

MLS Listing ID 2594657

Style 52 - Duplex

Bedrooms 4

Year Built 1890

Annual Tax Amount $4,311

Lot Size 1,500 Sqft

Lot Dimensions 25x60

Property Sub-Type Multi Family

Property Description

Updated Tacoma duplex in a prime location within walking distance of light rail and close to downtown amenities. The up-down configuration features 2-bedroom, 1-bath units, each with a living area, kitchen, and its own laundry. There are no shared interior spaces, and electricity and water are separately metered. A comprehensive remodel from the studs out in 2016 included a new roof, windows, plumbing, electrical systems, and much more. The lower unit rents for $1,600 per month to a reliable, long-term tenant, while the recently vacated upper unit offers flexibility to move in, lease long term, or explore short-term rental use. The upper unit previously operated as a successful Airbnb benefiting from its proximity to downtown Tacoma. The projected 6.38% cap rate assumes an upper-unit rent of $1,600 per month — matching the rate of the lower unit and below current market rent — leaving additional income potential beyond the stated projection. Overall, this is an excellent investment opportunity with a proven rental track record and the added flexibility of owner occupancy.

Location

State WA

County Pierce

Area 29 - Central Tacoma

Interior

Flooring Ceramic Tile, Carpet

Fireplace false

Exterior

Exterior Feature Metal/Vinyl

Amenities Available Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio

View Y/N Yes

View City

Roof Type Composition

Building

Lot Description Curbs, Paved, Sidewalk

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.