222 N I St - Apartments FOR SALE


Tacoma, WA 98403
$1,300,000 USD
206-861-5525
222 N I St, Tacoma, WA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/8
null | 6.29% Cap Rate

222 N I St
Tacoma, WA 98403


HIGHLIGHTS

  • Full Occupancy
  • Cashflow
  • Growing Market

OVERVIEW

Welcome to 222 N I Street, a meticulously maintained 7-unit apartment complex in the heart of North Tacoma, one of the West Coast’s fastest-growing rental markets. This property features a mix of 5 one-bedroom/one-bath units and 2 studio units, offering a proven history of high market rents, long-term occupancy, and excellent upkeep. With a prime location near downtown, hospitals, public transit, and North Tacoma’s best amenities, it’s a rare opportunity for seasoned investors or those starting their portfolio. Increase cash flow potential by adding coin-operated laundry in the basement. Don’t miss this exceptional investment in a thriving rental market!

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$373 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,714

CAP RATE

6.29%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R4

APN/PARCEL ID

203218-0010

ASK ABOUT THIS PROPERTY

Lawton CourseyThe Joseph GroupMore Info
206-861-5525

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Lawton CourseyThe Joseph GroupMore Info
206-861-5525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.