707 709 S I Street Tacoma, WA $ 1,650,000
707 709 S I Street
$ 1,650,000
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707 709 S I Street

Tacoma, WA, 98405
$ 1,650,000
Baths0.0 Sq 5,640

Monthly Estimate*

$ 10,294

Listed by Kidder Mathews
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Studio

Multi-Family Home for sale in Tacoma, WA

for $1,650,000. This 5,640 square foot home was built in 1954 on a lot size of 0.1492.

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.

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Multi-Family Active

Price

$ 1,650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 14,786

Style

10+ Units

Lot Size

0.1492

Year Built

1954

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2449032

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Security Features Fully Fenced Security Gate
Year Built 1954
View Bay City Mountain(s) Partial Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 92372
Insurance Expense 8194
New Construction N
Property Type Residential Income
HOA N
Energy Efficient Thermal Windows
Subdivision Name Tacoma
Special Listing Conditions None
Status Active
Directions The property is located on South I Street between South 7th and South 8th Streets.
City Tacoma
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 8
Number Of Units Total 12
MLS Area 29 - Central Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 6500
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional
Tax Annual Amount 14786
Electric Expense 0
Fuel Expense 0
Property Condition Updated/Remodeled
Public Remarks Victorian 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
Leasable Area 5640
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities Basement Coin Op Laundry Thermal Windows
Units Below Grade false
Units In Building Total 12
Water Sewer Garbage 22823
Property Style 56 - 10+ Units
Cap Rate 5.6
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Exterior
Exterior Amenities Cement Planked
Lot Features Alley Curbs Paved Sidewalk
Total Parking 8
Building Area Total 5640
Lot Size Acres 0.1492
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Fully Gated Entry High Speed Internet
Parking Uncovered Spaces 8
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Interior
Flooring Laminate Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2449032
Street Number 1 707
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* Excluded Features
List By
Brian Richardson

Listing Agent

Kidder Mathews

Broker

Affordability Calculator

$11,526
Per Month
89%
11%
0%
Monthly Principal & Interest
$10,294
Monthly Property Taxes
$1,232
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/28/2025$1,650,000 Listed Price

Map


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707 709 S I Street, Tacoma, WA, 98405 is a Multi-Family Home for sale at $1,650,000 with 5,640 sqft and a lot size of 0.1492. 707 709 S I Street is a studio with 0.0 baths and was built in 1954. The property's zip code is 98405 which is in Tacoma, WA