1017 S I Street, Tacoma, WA 98405
- $499,900
- 1,596
- SqFt
Listing Broker: Windermere Prof Partners; Drew Staudt; 253-285-6105; drewstaudt@windermere.com
- List Price
- $499,900
- Status
- ACTIVE
- MLS#
- 2594657
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 1,596
- Area Total SqFt
- 1596
- Annual Tax Ammount
- 4311
- Lot Size (sq ft)
- 1,500
- Sewer
- Sewer Connected
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.
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Additional Information
- List Date
- 2026-10-16 00:58:11
- Community
- New Tacoma
- Net Operating Income
- $31,870
- Gross Adjusted Income
- $36,480
- Gross Scheduled Income
- $38,400
- Total Monthly Income
- $3,200
- Insurance Expenses
- $1,200
- Water/Sewer/Garbage Expenses
- $3,600
- Gross Rent Multiplier
- 13.01
- Total Expenses
- $9,111
- Cap Rate
- 6.38
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 1017
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1890
- View
- City
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Total Monthly Income
- $3,200
- Gross Scheduled Income
- $38,400
- Vacancy Rate
- 5
- Gross Adjusted Income
- $36,480
- Tax Year
- 2025
- Insurance Expense
- $1,200
- W/S/G Expenses
- $3,600
- Total Expenses
- $9,111
- Net Operating Income
- $31,870
- Gross Rent Multiplier
- 13.01
- Cap Rate
- 6.38
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.