1319 S 9 Street S, Tacoma, WA 98405
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: liat arama
Office: keasy property management
MLS#:2485504
Source:NWMLS
1319 S 9 Street S,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 proximity to JBLM, major healthcare employers, and multiple higher education campuses. JBLM alone supports over 52,000 employees with substantial off-base housing demand, reinforcing long-term rental stability. Whether completing a 1031 exchange or adding a stabilized asset to your portfolio, Sheridan Apartments provides immediate income, renovation quality, and long-term upside in one of Washington’s most supply-constrained markets....
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Home facts
- Year built:1926
- Listing ID #:2485504
- Updated:April 23, 2026 at 06:54 PM
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)
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