707-709 S I St - Apartments FOR SALE


Tacoma, WA 98405- Stadium District
$1,599,000 USD
206-276-6811
707-709 S I St, Tacoma, WA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/13
null | 5.87% Cap Rate

707-709 S I St
Tacoma, WA 98405
Stadium District


HIGHLIGHTS

  • Fully renovated from the studs out
  • Just two blocks from the brand-new T-Line Light Rail and minutes from downtown
  • In a walkable, and transit-connected neighborhood
  • Ideally positioned in Tacoma’s rapidly expanding urban core
  • Has an estimated 10%+ income growth via utility bill-back and modest rent adjustments.

OVERVIEW

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. Victorian Manor delivers stability, scalability, and location-driven value that investors seek.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$284 USD /SF

# OF UNITS

12

PRICE/UNIT

$133,250

CAP RATE

5.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victorian Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1954

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

URX

APN/PARCEL ID

200717-0040

ASK ABOUT THIS PROPERTY

Brian RichardsonKidder MathewsMore Info
206-276-6811

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Brian RichardsonKidder MathewsMore Info
206-276-6811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.