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2420 S I Street, 
Tacoma, WA 98405

$1,200,000


Bed


Bath


2,658

Sq Ft


Multi-Family

Pending

Listed by

Ryan D Meacham

Engel & Voelkers Chambers Bay

Last updated:

May 29, 2025, 11:10 AM

MLS#

2324210

Source:

NWMLS

About This Home

2420 S I Street

New Construction 6 unit with $8420/mth in rental income (cap 7.2), a 12 year tax abatement at 'land only' taxes, and a proven low-maintenance interior & site design. Income is maximized AND turn-over is simple on these incredibly desirable 1 bdrm/ 1 bath units offering a full-sized kitchen w/ upgraded stainless appls, a good-sized bedroom w/ a large closet space, a living room, and a full-size in-unit washer & dryer. Each unit is designed to share only one floor / ceiling assembly for quieter units, to maximize privacy, and to provide the feel of a stand-alone home. Each unit has a ductless mini-split heat pump for AC & heat. These affordable 1 bdrm units are the fastest renting units in Tacoma! Downtown & light rail friendly location!

Home Facts

Multi-Family

Built in 2025

Price Summary

1,200,000

$451 per Sq. Ft.

MLS #:

2324210

Last Updated:

May 29, 2025, 11:10 AM


Rooms & Interior

Interior

Living Area:

2,658 Sq. Ft.


Structure

Structure

Building Area:

2,658 Sq. Ft.

Year Built:

2025


Lot

Lot Size (Sq. Ft):

3,000


Finances & Disclosures

Finances

Price:

$1,200,000

Price per Sq. Ft:

$451 per Sq. Ft.

MLS Logo
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 14, 2025. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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