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Pending
  • Listed by: 

    Ryan D Meacham,

    Engel & Voelkers Chambers Bay

    $1,200,000

    2418 S I Street, Tacoma, WA 98405

    6beds
    6baths
    2,658sqft
    : 
    Multi Family
    Built in 2025
    -- sqft lot
    $-- Zestimate®
    $451/sqft
    $-- HOA

    What's special

    Ductless mini-split heat pump
    New Construction 6 unit with $7820/mth in rental income (cap rate 6.7), 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!
    129 days
    on Zillow
    |
    266
    |
    16
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 11, 2025 at 08:32pm

    Listed by:

    Ryan D Meacham,

    Engel & Voelkers Chambers Bay

    Source: NWMLS,MLS#: 2324216MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Ductless, Electric
    Cooling
    • Ductless
    Features
    • Flooring: Vinyl Plank
    • Windows: Thermal Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 2,658
    • Total interior livable area: 2,658 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Open
    • Uncovered spaces: 2
    Features
    • Has view: Yes
    • View description: Mountain(s), Territorial
    Lot
    • Size: 3,001.28 Square Feet
    • Features: Curbs, Paved, Sidewalk, Cable TV, Fenced-Partially, High Speed Internet
    Details
    • Parcel number: 2024180061
    • Zoning description: Multi-Family,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Cement Planked, Cement Plank
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Very Good
    • New construction: Yes
    • Year built: 2025
    • Major remodel year: 2025

    Utilities & green energy

    • Electric: Company: TPU
    • Sewer: Sewer Connected, Company: TPU
    • Water: Public, Company: TPU
    • Utilities for property: Xfinity
    Green energy
    • Energy efficient items: Thermal Windows

    Community & HOA

    Community
    • Subdivision: Tacoma
    Location
    • Region: Tacoma

    Financial & listing details

    • Price per square foot: $451/sqft
    • Tax assessed value: $157,300
    • Annual tax amount: $1,741
    • Date on market: 6/23/2025
    • Listing terms: Cash Out,Conventional
    • Cumulative days on market: 61 days
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