$1,599,000

0 Beds 0 Baths 5,640 SQFT 0.15 Acres

Type: Multi-Family

707 709 S I Street
Tacoma, WA 98405

MLS#: 2449032

Presented by: Kidder Mathews and NWMLS

Property Description

Victorian Manor is a fully renovated from the studs out, multifamily asset ideally positioned in Tacoma’s rapidly expanding urban core, just two blocks from the brand-new T-Line Light Rail and minutes from downtown. Victorian Manor is a rare turnkey opportunity priced under $138K per door, has upside in rents, in a walkable, and transit-connected neighborhood that is poised for appreciation. Victorian Manor has the potential for 10%+ income growth via utility bill-back and modest rent adjustments. With Tacoma’s steady rent growth, healthcare expansion, and regional infrastructure investments this property offers both immediate yield and long-term upside.

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringLaminate, Carpet

Heating Y/NYes

Power Production TypeElectric

Total Fireplaces0

Total Stories3

General

AmenitiesBasement, Coin Op Laundry, Thermal Windows

Building Area Units0 sqft

Cap Rate5.87

Carport Spaces0

Carport Y/NNo

CityTacoma

CoolingNone

CountyPierce

DirectionsThe property is located on South I Street between South 7th and South 8th Streets.

Electric Expense0

Energy EfficientThermal Windows

Fuel Expense0

HOANo

HOA Fee$0

HeatingForced Air

High School DistrictTacoma

Insurance Expense8194

Leasable Area5,640 sqft

Listing TermsCash Out, Conventional

Living Area0 sqft

Lot Size Square Feet6,500 sqft

Lot Size UnitsSquare Feet

MLS Area29 - Central Tacoma

NWM_ShowMapLinkY

Net Operating Income93898

New ConstructionNo

Number Of Units Total12

Open Parking Spaces8

PossessionClosing

Property ConditionUpdated/Remodeled

Property Style56 - 10+ Units

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksVictorian Manor is a fully renovated from the studs out, multifamily asset ideally positioned in Tacomas rapidly expanding urban core, just two blocks from the brand-new T-Line Light Rail and minutes f

RoofComposition

Security FeaturesFully Fenced, Security Gate

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusActive

StatusActive

Structure TypeMulti Family

Subdivision NameTacoma

Tax Annual Amount$14,786

Tax Year2025

Units Below Gradefalse

Units In Building Total12

ViewBay, City, Mountain(s), Partial, Territorial

Water Sewer Garbage22823

Year Built1954

Exterior

Building Area Total5,640 sqft

Covered Spaces0

Exterior AmenitiesCement Planked

Irrigation Water Rights Y/NNo

Lot FeaturesAlley, Curbs, Paved, Sidewalk

Lot Size Acres0.1492

Parking Uncovered Spaces8

Site FeaturesCable TV, Deck, Fenced-Fully, Gated Entry, High Speed Internet

Total Parking8

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School N/A

Middle School N/A

High School N/A

Similar Properties

$1,599,000

0 Beds 0 Baths 5,640 SQFT 0.15 Acres

Type: Multi-Family

707 709 S I Street
Tacoma, WA 98405

MLS#: 2449032

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Property

$1,599,000

707 709 S I StreetTacoma, WA 98405

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$1,599,000

707 709 S I StreetTacoma, WA 98405

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707 709 S I Street
Tacoma, WA 98405

707 709 S I Street
Tacoma, WA 98405