1214 S I Street
Tacoma, WA, 98405 $ 1,049,000
Baths0.0 Sq 3,435 Monthly Estimate*
$ 6,459
Listed by Kelly Right RE of Seattle LLC
Studio for $1,049,000. This 3,435 square foot home was built in 1901 on a lot size of 0.0746.
Stunning Victorian 4-plex spread over two buildings that were fully rebuilt from the studs out in 2018. These units blend historic character with modern luxury! All units are fully furnished, and the sale includes all furniture, linens, dishware, décor and household essentials—offering a truly turnkey, income-producing highly rated vacation rental property from day one (ratings listed below). Each unit features its own in-unit washer and dryer. Prime Hilltop location with excellent walkability to the Tacoma light rail, convention center, UW Tacoma, and local museums, plus less than a mile from three major hospitals (about a 3-minute drive or 5-minute bike ride), making it highly desirable for traveling professionals and 30+ day furnished rentals. Thoughtfully designed unit mix offers strong income potential across all four units. Unit 1 features a spacious 1 bed/1 bath (900 SF) with open living and dining layout, sleeping 3 and averaging $2,838/mo (4.86/5 Star Rating). Unit 2 is the largest at 3 bed/2 bath (1,335 SF), sleeping 8, highlighted by partial Mt. Rainier views and two private decks, averaging $3,841/mo (4.9/5 Star Rating). DADU lower unit includes 1 bed/1 bath (600 SF), tile flooring in a sleek kitchen, sleeping 2, averaging $2,745/mo (4.85/5 Star Rating). Upper DADU is a cozy 1 bed/0.75 bath (600 SF), also sleeping 2, averaging $2,443/mo (4.84/5 Star Rating). Excellent opportunity for investor or house-hack buyer seeking strong in-place income and flexibility.
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FeaturesGeneralLiving Area 0
Sewer Sewer Connected
Heating Wall Furnace
Cooling Window Unit(s)
Possession Negotiable
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Fully Fenced
Year Built 1901
View City Territorial
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 80500
Insurance Expense 5666
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Hilltop
Special Listing Conditions None
Status Active
Directions I-5 Exit 133 towards I-705 North exit city center exit keep left onto South 15th. Right on South I St. Home is on Left
City Tacoma
Senior Community Y/N N
High School District Tacoma
Number Of Units Total 4
MLS Area 28 - Central Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 3250
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Tax Annual Amount 6586
Electric Expense 15197
Fuel Expense 0
Public Remarks Stunning Victorian 4-plex spread over two buildings that were fully rebuilt from the studs out in 2018. These units blend historic character with modern luxury! All units are fully furnished and the
Leasable Area 3435
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company TPU
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 8
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ExteriorExterior Amenities Wood Wood Products
Water Source Public
Total Parking 0
Foundation Details Block Poured Concrete
Building Area Total 3435
Lot Size Acres 0.0746
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Fenced-Fully High Speed Internet
Parking Uncovered Total 0
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InteriorFlooring Ceramic Tile Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N Y
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 OnlyOriginalMLSID NWM2520517
Street Number 1 1214
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* Excluded FeaturesList ByKelly Right Re Of Seattle LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,459
- Monthly Property Taxes
- $549
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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.
Learn more about how to save NearbyMulti-family listings in Tacoma, WA
Average List Price $1,248,869
Percent of Sale Price 19%
About Tacoma, WA 214,955 Population
12% Since 2002
$ 54,909 Median Income
37.66 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/8/2026 | $1,049,000 | | Listed Price |