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$2,400,000
16 Days On Site

2420 S I Street 12
Tacoma, WA 98405

For Sale|Residential Income|Active
0
Beds
0
Full Baths
0
Partial Baths
5,316
SqFt
$451
/SqFt
2025
Built
Cumulative Days On Market:
15
Subdivision:
New Tacoma
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Ryan D Meacham of Engel & Voelkers Chambers Bay
Call Now: (360) 507-3775
Is this the home for you? We can help make it yours.
(360) 507-3775
2420 S I Street 122420 S I Street 122420 S I Street 122420 S I Street 12
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New Construction 12 unit with $16,840/mth in rental income (cap 7.2), 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!

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Listing Snapshot
Price 
$2,400,000
Days On Site 
16 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,316 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1377 Acres
Year Built 
2025
MLS® Number 
2364003
Status 
Active
Property Tax 
$3,482
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Active
2 weeks agoListing first seen on site
General Features
Acres 
0.1377
Additional Property Use 
Multi-Family
Number Of Stories 
2
Parking Spaces 
4
Property Condition 
New Construction
SqFt Total 
5316
Utilities 
Cable AvailableSewer Connected
Water Source 
Public
Zoning 
Multi-Family
Interior Features
Cooling 
Flooring 
Vinyl
Heating 
ElectricDuctless
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Exterior Features
Construction Details 
Cement Siding
Lot Features 
Paved
Roof 
Composition
View 
CityMountain(s)
Waterview 
CityMountain(s)
Community Features
Financing Terms Available 
Conventional
MLS Area 
30 - Central Tacoma
School District 
Tacoma
Schools
School District
Tacoma
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Ryan D Meacham of Engel & Voelkers Chambers Bay



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-05-09 09:49 AM PDT

Neighborhood & Commute
Source: Walkscore
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