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JRJeff ReynoldsCompass · Seattle

Listed by Rashan Clark, ANB Homes

Multi Family
Type
1890
Year built
4,000 sq ft
Lot
49
Days on market

About this property

Excellent investment opportunity in Tacoma’s sought-after North End! This well-maintained 4-unit property at 1102 N Sheridan Ave offers a strong 6.5% cap rate with significant upside and pride of ownership throughout. Numerous improvements have already been completed, helping reduce future maintenance concerns while enhancing tenant appeal. Located in a premier location close to shopping, dining, parks, waterfront amenities, and commuter routes, this property combines stable income potential with long-term appreciation opportunity. Whether you’re expanding your portfolio or completing a 1031 exchange, this is a rare chance to own a turn-key multifamily asset in one of Tacoma’s most desirable neighborhoods.

Location & commute

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Directions

Property details

Listing details

Listing number
#2528502
Listed
May 22, 2026
Days on market
49
Original list price
$805,000

Unit & building

Stories in building
2
Units in building
1

Views

View
Territorial

Construction

Year built
1890
Style
54 - 4-Plex
Structure
Quadruplex
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
Ductless
Energy source
Electric

Flooring

Flooring
HardwoodVinylVinyl PlankCarpet

Lot

Lot features
CurbsSidewalk
Lot size
4,000 sq ft

Terms

Terms offered
CashConventionalVA Loan

Utilities

Water
TPU
Sewer
TPU
Power
TPU

Schools

District
Tacoma
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify

What stands out to you?

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

  • Territorial
  • Quadruplex
  • Composition
  • Baseboard
  • Ductless
  • Electric
  • Hardwood
  • Vinyl
  • Vinyl Plank
  • Carpet
  • Curbs
  • Sidewalk

Listing history

  1. Listed

    $805,000

    May 22, 2026

  2. Current price

    $785,000

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

$4,571

Principal & interest
$3,969
Property tax (est.)
$602

Assumes $157,000 down (20%), a $628,000 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 13, 2026 at 11:15 PM 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.