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1201 N Washington Street Tacoma, WA $ 650,000
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$ 650,000 Get more info
1201 N Washington Street
$ 650,000
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1201 N Washington Street

Tacoma, WA, 98406
$ 650,000
Baths0.0 Sq 2,705

Monthly Estimate*

$ 4,055

Listed by Coldwell Banker Bain
1201 N Washington Street, Tacoma, WA 98406 - Image 1
1201 N Washington Street, Tacoma, WA 98406 - Image 2
1201 N Washington Street, Tacoma, WA 98406 - Image 3
1201 N Washington Street, Tacoma, WA 98406 - Image 4
1201 N Washington Street, Tacoma, WA 98406 - Image 5
1201 N Washington Street, Tacoma, WA 98406 - Image 6
1201 N Washington Street, Tacoma, WA 98406 - Image 7
1201 N Washington Street, Tacoma, WA 98406 - Image 8
1201 N Washington Street, Tacoma, WA 98406 - Image 9
1201 N Washington Street, Tacoma, WA 98406 - Image 10
1201 N Washington Street, Tacoma, WA 98406 - Image 11
Studio

Multi-Family Home for sale in Tacoma, WA

for $650,000. This 2,705 square foot home was built in 1941 on a lot size of 0.1286.

Prime turnkey rental just one block from the University of Puget Sound! This permitted 6-bed, 2.75-bath rental offers 2,705 sq ft of updated living space and strong, consistent rental demand. Thoughtful conversions and improvements create spacious bedrooms, functional common areas, and reliable cash flow with all 6 bedrooms currently leased. Classic Tacoma charm blends with modern updates, making this an ideal long-term hold in one of the city's most desirable neighborhoods. Close to UPS, 6th Ave dining, Proctor District shopping, parks, and transit—an incredible opportunity for investors seeking stability, location, and upside.

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Multi-Family Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,856

Style

5-9 Units

Lot Size

0.1286

Year Built

1941

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2460366
Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1941
View Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 3638973
Insurance Expense 954.27
New Construction N
Property Type Residential Income
HOA N
Subdivision Name North Tacoma
Possible Use Residential
Special Listing Conditions None
Status Active
Directions From 6th Ave North on Union left on 12th and 1 block to home on right corner of 12th & Washington.
High School Silas High School
City Tacoma
Senior Community Y/N N
High School District Tacoma
Zoning Description Residential
Open Parking Spaces 1
Number Of Units Total 6
MLS Area 23 - North Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 5600
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional Owner Financing
Elementary School Jefferson
Tax Annual Amount 5856
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Mason
Property Condition Good
Public Remarks Prime turnkey rental just one block from the University of Puget Sound! This permitted 6-bed 2.75-bath rental offers 2 705 sq ft of updated living space and strong consistent rental demand. Thoughtfu
Leasable Area 2706
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company TPU
Units Below Grade false
Units In Building Total 6
Water Sewer Garbage 0
Property Style 55 - 5-9 Units
Cap Rate 5.6
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Exterior
Exterior Amenities Wood Wood Products
Lot Features Paved Sidewalk
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 2705
Lot Dimensions 70x80
Lot Size Acres 0.1286
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 1
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Interior
Flooring Hardwood Vinyl
Total Fireplaces 0
Total Stories 2
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 NWM2460366
Street Number 1 1201
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* Excluded Features
List By
Ryan N. Karns

Listing Agent

Coldwell Banker Bain

Broker

Affordability Calculator

$4,543
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$488
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
4920349 Elementary School
258249 Middle School
Silas High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/10/2025$650,000 Listed Price

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1201 N Washington Street, Tacoma, WA, 98406 is a Multi-Family Home for sale at $650,000 with 2,705 sqft and a lot size of 0.1286. 1201 N Washington Street is a studio with 0.0 baths and was built in 1941. The property's zip code is 98406 which is in Tacoma, WA

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