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About the Listing 902 - 111312
Updated Tacoma duplex in a prime location within walking distance of light rail and close to downtown amenities. The up-down configuration features 2-bedroom, 1-bath units, each with a living area, kitchen, and its own laundry. There are no shared interior spaces, and electricity and water are separately metered. A comprehensive remodel from the studs out in 2016 included a new roof, windows, plumbing, electrical systems, and much more. The lower unit rents for $1,600 per month to a reliable, long-term tenant, while the recently vacated upper unit offers flexibility to move in, lease long term, or explore short-term rental use. The upper unit previously operated as a successful Airbnb benefiting from its proximity to downtown Tacoma. The projected 6.38% cap rate assumes an upper-unit rent of $1,600 per month — matching the rate of the lower unit and below current market rent — leaving additional income potential beyond the stated projection. Overall, this is an excellent investment opportunity with a proven rental track record and the added flexibility of owner occupancy.
Listing Highlights for 1017 S I St
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Wall Furnace
- Fireplaces: 0
- Floor: Ceramic Tile,Carpet
- Basement:
- Other:
- Water: Tacoma Public Utilities
Exterior Details
- Lot Description: Curbs,Paved,Sidewalk,Cable TV,Deck,Fenced-Partially,Gas Available,High Speed Internet,Patio,Zoning: Residential
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 25x60
- Zoning: Residential
- Roof: Composition
- Others: Metal/Vinyl,Updated/Remodeled
- Sewer: Tacoma Public Utilities
- Parking Features: Covered
Financial Details
- Tax Amount: $4,311
- Taxes w/Assessments: N/A
- Tax/Property ID: 2010170050
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1017 S I St Tacoma, WA 98405
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