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$1,215,000
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Property Description
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!
Full Property Details
Full Property Details for 2418 S I St
General
- Sold For: $1,215,000
- Taxes: $1,741 (2025)
- Status: Closed
- Type: Multi-Family
- Source: NWMLS
- MLS ID: 2324216
- Added to Site: 277 day(s) ago
Interior
- Flooring: Vinyl Plank
Additional Information
- Amenities: Cable TV, Fenced-Partially, High Speed Internet
- Security/Safety: Partially Fenced
Parking
- Uncovered Spaces: 2
Location
- Area: 30 - Central Tacoma
- County: Pierce
- Subdivision: Tacoma
- Driving Directions: From Downtown Tacoma on Pacific and S 25th St (Brewery District), proceed up 25th to the subject property on your right on I St.
School Information
- High School District: Tacoma
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless
- Heating Type: Ductless
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: Multi Family
- Construction Status: Completed
- Exterior Const.: Cement Planked
- Foundation: Poured Concrete
- Roof: Composition
- Stories in Building: 2
- Square Feet: 2,658
- Year Built: 2025
- Property Condition: Very Good
Unit Information
- Units in Building: 6
Lot Features
- Property View: Mountain(s), Territorial
- Lot Size (Acres): 0.0689
- Lot Size (Sq. Ft.): 3,000
- Lot Size Source: 3000
- Lot Features: Alley, Curbs, Paved, Sidewalk
- Zoning: Multi-Family
Green Features
- Energy Efficient: Thermal Windows
Financial Considerations
- Assoc Fee Freq.: Not Applicable
- Tax Amount: $1,741
- Tax Year: 2025
- Terms: Cash Out, Conventional
Disclosures and Reports
- Special Conditions: None
- Property ID: 2024180061
Listed by Ryan D Meacham | Engel & Voelkers Chambers Bay | (253) 565-1121
Sold by Jill Billings | eXp Realty
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Schools
Schools serving 2418 S I St
School District:Tacoma Public Schools
| Name | Grades | Distance |
|---|---|---|
Edna Travis Elementary 2111 South J Street, Tacoma, WA 98405 | PK-5 | 0.2 mi |
Hilltop Heritage Middle School 602 North Sprague Avenue, Tacoma, WA 98403 | 6-8 | 1.6 mi |
Stadium High School 111 North E Street, Tacoma, WA 98403 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2418 S I St
Date
Details
Price
Change
Source
10/03/2025
Sold
$1,215,000
1.25%
MLS
4/15/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2418 S I Street, Tacoma, WA 98405 (MLS# 2324216) is a Multi-Family property that was sold at $1,215,000 on October 03, 2025. Want to learn more about 2418 S I Street? Do you have questions about finding other Multi-Family real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.

