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JRJeff ReynoldsCompass · Seattle

Listed by Michael Putnam, Keller Williams Rty Tacoma

3,590
Square feet
$258
Per sq ft
Multi Family
Type
1895
Year built
3,250 sq ft
Lot
76
Days on market

About this property

1212 S. I Street is a turnkey investment opportunity that delivers both dependable income and long-term value appreciation. With four living units and a 5th for storage this property is generating stable rental revenue, has strong tenant demand driven by nearby employment and education, and clear potential for value-add improvements. This property offers an ideal balance of security and growth. Property has a new roof, outside paint and stained decks. Investors and house hackers seeking a manageable, well-located asset in a dynamic Pacific Northwest market will find 1212 S. I Street to be a compelling choice. Owner previously lived and had office in 2 units of property and will rent back storage under unit 4 if desired, adding additional income. See recent passed Insurance Inspection in supplements

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2513807
Listed
April 28, 2026
Days on market
76
Price per sq ft
$258

Unit & building

Stories in building
3
Units in building
4

Construction

Year built
1895
Style
54 - 4-Plex
Structure
Quadruplex
Roof
Composition

Heating & cooling

Heating
Wall Furnace
Cooling
Window Unit(s)
Energy source
Electric

Flooring

Flooring
HardwoodVinyl

Lot

Lot features
CurbsPavedSidewalk
Lot size
3,250 sq ft

Terms

Terms offered
CashConventionalFHAOwner Will CarryVA Loan

Utilities

Water
TPU
Sewer
TPU
Power
TPU

Schools

District
Tacoma

What stands out to you?

Mark features you love or could do without. Saved on this device to tune what you see.

  • Quadruplex
  • Composition
  • Wall Furnace
  • Window Unit(s)
  • Electric
  • Hardwood
  • Vinyl
  • Curbs
  • Paved
  • Sidewalk
  • Cash
  • Conventional

Listing history

  1. Listed

    $925,000

    April 28, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$5,386

Principal & interest
$4,677
Property tax (est.)
$709

Assumes $185,000 down (20%), a $740,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:30 AM PDT. 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.