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222 N I Street Tacoma, WA $ 1,400,000
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$ 1,400,000 Get more info
222 N I Street
$ 1,400,000
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Share Save

222 N I Street

Tacoma, WA, 98403
$ 1,400,000
Baths0.0 Sq 3,964

Monthly Estimate*

$ 9,305

Listed by The Joseph Group
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View a Virtual Tour
Studio

Multi-Family Home for sale in Tacoma, WA

for $1,400,000. This 3,964 square foot home was built in 1904 on a lot size of 0.0689.

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.

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,207

Style

5-9 Units

Lot Size

0.0689

Year Built

1904

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2235342
Features
General
Interior Features Hardwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Stucco
HOA 0
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 N
Property Type Residential Income
HOA / Comm Assn N
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.
High School Buyer To Verify
City Tacoma
Buyer Agent Compensation 2
View Y/N Y
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 0
NumberOfUnitsTotal 7
MLS Area 21 - North Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 3000
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name I
Listing Terms Cash Out Conventional
Elementary School Buyer To Verify
Tax Annual Amount 12207
Electric Expense 0
Fuel Expense 0
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 5.8
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Interior
Flooring Hardwood Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 0
Building Area Total 3964
Lot Dimensions 87 x 38
Street Suffix Street
Lot Size Acres 0.0689
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Fenced-Partially Gas Available
Parking Uncovered Spaces 0
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Internal Only
OriginalMLSID NWM2235342
Street Number 1 222
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* Excluded Features
List By
Lawton Coursey

Listing Agent

The Joseph Group

Broker

Affordability Calculator

$10,322
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,305
Monthly Property Taxes
$1,017
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3100453 Elementary School
3100781 Middle School
Buyer To Verify High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/10/2024$1,400,000 Listed Price

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222 N I Street, Tacoma, WA, 98403 is a Multi-Family Home for sale at $1,400,000 with 3,964 sqft and a lot size of 0.0689. 222 N I Street is a studio with 0.0 baths and was built in 1904. The property's zip code is 98403 which is in Tacoma, WA

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