$499,900
 $2,684 est/mo Sourced by Back At You

1017 S I Street,Tacoma, WA 98405

Tacoma, WA 98405

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Description

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 opportunity with a proven rental track record and the added flexibility of owner occupancy.

Details

MLS #2594657
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1890
Days On Site16
Listing Provided ByWindermere Prof Partners | Drew Staudt

Features

SQ Feet1,596
Story(s)2
Units2
ZoningResidential
Acreage0.03
Property ViewYes

Taxes

Property4311

Area Information

StateWA
CountyPierce
CityTacoma
Zip Code98405
Area29 Central Tacoma
Community NameNew Tacoma
Listing VS Median (in New Tacoma)
Price:
$499,900
low | high
Med:
$418,999
66.183436687337% of Average
sqft:
1,596
low | high
Med:
1,407
61.842105263158% of Average
$ / sqft:
$313
low | high
Med:
$298
54.924495346831% of Average
On site:
16
low | high
Med:
171
9.356725146199% of Average
Sourced by Back At You

Market Activity 98405

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Learn More About This Property

StateWA
CountyPierce
CityTacoma
Zip Code98405
Area29 Central Tacoma
Community NameNew Tacoma
Listing VS Median (in New Tacoma)
Price:
$499,900
low | high
Med:
$418,999
66.183436687337% of Average
sqft:
1,596
low | high
Med:
1,407
61.842105263158% of Average
$ / sqft:
$313
low | high
Med:
$298
54.924495346831% of Average
On site:
16
low | high
Med:
171
9.356725146199% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $374K - $624K
sqft: 1,000 - 1,500
Listing Updated: October 15, 2026 at 5:07:27 PM PDT