1319 S 9 Street S, Tacoma, WA 98405

Tacoma
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: liat arama
Office: keasy property management
MLS#:2485504
Source:NWMLS
1319 S 9 Street S,Tacoma, WA 98405
$2,400,000
  • - Beds
  • - Baths
  • 9,042 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,400,000
  • Price per sq. ft.:$265.43

About this home

Sheridan Apartments | 9-Unit Fully Renovated Multifamily | 100% Occupied | $122,921 NOI Rare opportunity to acquire a fully stabilized, turnkey 9-unit asset in the heart of Central Tacoma. Sheridan Apartments offers immediate in-place cash flow with $194,000 gross income and $122,921 NOI, delivering strong performance from day one. This early 1900s Craftsman property has been extensively renovated, including fully updated interiors and a major electrical upgrade. There is no deferred maintenance, making this an ideal solution for investors seeking a low-management, quality asset. The diverse unit mix includes 2 detached homes, 5 apartment units, and 2 townhomes, creating strong tenant appeal and income stability. The property is 100% occupied and has demonstrated significant rent growth over the past several years, reflecting both operational strength and Tacoma’s expanding rental market. Located in Central Tacoma with a Walk Score of 86, the property benefits from...

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Home facts

  • Year built:1926
  • Listing ID #:2485504
  • Updated:April 13, 2026 at 12:23 AM

Rooms and interior

  • Living area:9,042 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1926
  • Building area:9,042 sq. ft.
  • Lot area:0.22 Acres
  • Lot Features:Corner
  • Construction Materials:Wood Exterior Finish

Schools

  • High school:Stadium
  • Middle school:Hilltop Heritage Middle
  • Elementary school:Bryant

Utilities

  • Water:Public
  • Sewer:Available

Finances and disclosures

  • Price:$2,400,000
  • Price per sq. ft.:$265.43
  • Tax amount:$21,867 (2025)
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