1319 S 9 Street, Tacoma, WA 98405

Tacoma
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: liat arama
Office: keasy property management
MLS#:2485504
Source:NWMLS
1319 S 9 Street,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:May 24, 2026 at 11:06 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)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 24, 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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