Price Reduction - Views
Listed By:
The Joseph Group and NWMLS
Address
222 N I Street, Tacoma, WA
Price
$ 1,300,000
Property Attributes
  • ID#2235342
  • TypeMulti-Family
  • CountyPIERCE
  • CityTacoma
  • AreaNorth Tacoma
  • NeighborhoodNorth Tacoma
  • Zip98403
  • Style5-9 Units
  • Year Built1904
  • Taxes$ 12207
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3964
  • Lot Size0.0689 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Welcome to 222 N I Street Tacoma, a beautifully maintained and updated 7 unit apartment complex in the heart of North Tacoma and one of the west coasts fating growing rental market. A proven track record of high market rents, long term occupancy, and meticulous upkeep makes this property the perfect investment for the seasoned investor or anyone starting their real estate portfolio. A mix of 5 - 1 bed / 1 bath units and 2 - Studio style floor plans. Boost income by installing coin operated laundry in the basement facilities (currently free). Exceptional location close to downtown, hospitals, public transportation, and everything to love about North Tacoma. Don't miss this rare find and cashflow opportunity.

Elementary School Middle School High School
Buyer To Verify Elementary School Buyer To Verify Middle School Buyer To Verify High School
Price History
5/10/2024 Listed $1,400,000
6/10/2024 8% - $1,300,000

General Features

Interior Features Hardwood,Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing,Tenant's Rights
Roof Composition
Exterior Features Stucco
Security Features FullyFenced
Year Built 1904
View City
Property SubType Multi-Family
Tax Year 2024
County Pierce
Net Operating Income 81858
Insurance Expense 6000
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name North Tacoma
Special Listing Conditions None
Status Active
Directions From 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.
ModificationTimestamp 2024-06-18T19:02:11.525Z
High School Buyer To Verify
City Tacoma
Buyer Agent Compensation 2
View Y/N Yes
Senior Community Y/N No
High School District Tacoma
NumberOfUnitsTotal 7
MLS Area 21 - North Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 3000
Waterfront Y/N No
Carport Y/N No
Listing Terms Cash Out,Conventional
Elementary School Buyer To Verify
Tax Annual Amount 12207
Middle/Junior High School Buyer To Verify
Public Remarks Welcome to 222 N I Street Tacoma,a beautifully maintained and updated 7 unit apartment complex in the heart of North Tacoma and one of the west coasts fating growing rental market. A proven track rec
Leasable Area 3964
Virtual Tour https://www.youtube.com/watch?v=l48BfgNSh2Y
Structure Type Multi Family
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Water Company TPU
Units Below Grade true
Units In Building Total 7
Water Sewer Garbage 7716
Property Style 55 - 5-9 Units
Cap Rate 6.3
NWM_ShowMapLink Yes

Interior Features

Flooring Hardwood,Vinyl Plank,Carpet
Total Stories 3
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Power Production Type Electric

Exterior Features

Lot Features Corner Lot,Curbs,Paved,Sidewalk
Water Source Public
Building Area Total 3964
Lot Dimensions 87 x 38
Lot Size Acres 0.0689
Open Parking Y/N No
Irrigation Water Rights Y/N No
Site Features Fenced-Partially,Gas Available

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 98403

Price
AVG $1.17M
$1.3M
Taxes
AVG $9,300
$12,207
Visits
AVG 213
264
Data Provided by Inside Real Estate®
Year Built
AVG 1910
1904

Areas We Cover