Active

Listed by:

Ryan N. Karns,

Coldwell Banker Bain

$650,000

1201 N Washington Street, Tacoma, WA 98406

--beds

--baths

2,705sqft

Est.:

Multi Family

Built in 1941

-- sqft lot

$597,000 Zestimate^®

$240/sqft

$-- HOA

What's special

Modern updatesUpdated living spaceSpacious bedroomsFunctional common areasClassic tacoma charm

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.

11 hours

147

2

Tour with a local agent

Facts & features

Interior

Heating

Forced Air, Electric

Cooling

None

Features

Flooring: Hardwood, Vinyl
Has fireplace: No

Interior area

Total structure area: 2,705
Total interior livable area: 2,705 sqft

Property

Parking

Total spaces: 6
Parking features: Open
Uncovered spaces: 1

Features

Has view: Yes
View description: Territorial

Lot

Size: 5,601.82 Square Feet
Dimensions: 70 x 80
Features: Paved, Sidewalk

Details

Parcel number: 7475033810
Zoning description: Residential,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Good
Year built: 1941
Major remodel year: 1976

Utilities & green energy

Electric: Company: TPU
Sewer: Sewer Connected, Company: TPU
Water: Public, Company: TPU

Community & HOA

Community

Subdivision: North Tacoma

Location

Region: Tacoma

Financial & listing details

Price per square foot: $240/sqft
Tax assessed value: $538,000
Annual tax amount: $5,856
Date on market: 12/9/2025
Cumulative days on market: 2 days
Listing terms: Cash Out,Conventional,Owner Will Carry

Estimated market value

$597,000

$525,000 - $663,000

$3,430/mo

Price history

Date	Event	Price
12/10/2025	Listed for sale	$650,000+182.6%$240/sqft
Source: NWMLS #2460366 Report a problem
10/23/2023	Listing removed	--
Source: Zillow Rentals Report a problem
10/14/2023	Listed for rent	$3,600$1/sqft
Source: Zillow Rentals Report a problem
6/25/2008	Sold	$230,000$85/sqft
Source: NWMLS #28012661 Report a problem