1017 S I Street, Tacoma, WA 98405

Tacoma
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: drew staudt
Office: windermere prof partners
MLS#:2594657
Source:NWMLS
1017 S I Street,Tacoma, WA 98405
$499,900
  • - Beds
  • - Baths
  • 1,596 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$499,900
  • Price per sq. ft.:$313.22

About this home

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...

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Home facts

  • Year built:1890
  • Subdivision & Development:New Tacoma
  • Listing ID #:2594657
  • Updated:October 21, 2026 at 12:32 AM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile Floor
  • Living area:1,596 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1890
  • Building area:1,596 sq. ft.
  • Lot area:0.03 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Metal/Vinyl Exterior Finish
  • Exterior Features:Deck, Fenced-Partially, Patio

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$499,900
  • Price per sq. ft.:$313.22
  • Tax amount:$4,311 (2025)

Features and amenities

  • Amenities:Cable TV, Gas Available, High Speed Internet
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 21, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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