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707 S I Street, Tacoma, WA 98405

Tacoma
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: brian richardson, dan swanson
Office: kidder mathews
MLS#:2449032
Source:NWMLS
707 S I Street,Tacoma, WA 98405
$1,599,000
  • - Beds
  • - Baths
  • 5,640 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,599,000
  • Price per sq. ft.:$283.51

About this home

Victorian Manor is a fully renovated from the studs out, multifamily asset ideally positioned in Tacoma’s rapidly expanding urban core, just two blocks from the brand-new T-Line Light Rail and minutes from downtown. Victorian Manor is a rare turnkey opportunity priced at $133K per door, has upside in rents, in a walkable, and transit-connected neighborhood that is poised for appreciation. Victorian Manor is currently a 6.07 cap rate on in-place income and expenses and has the potential for 10%+ income growth via utility bill-back and modest rent adjustments. With Tacoma’s steady rent growth, healthcare expansion, and regional infrastructure investments this property offers both immediate yield and long-term upside.

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Home facts

  • Year built:1954
  • Listing ID #:2449032
  • Updated:June 06, 2026 at 12:43 AM

Rooms and interior

  • Flooring:Carpet, Laminate
  • Living area:5,640 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1954
  • Building area:5,640 sq. ft.
  • Lot area:0.15 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Cement Planked
  • Exterior Features:Deck, Fenced-Fully

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,599,000
  • Price per sq. ft.:$283.51
  • Tax amount:$14,786 (2026)

Features and amenities

  • Amenities:Cable TV, Gated Entry, High Speed Internet

Parking

  • Parking description:Uncovered Space(s) : 8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of June 6, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Vicki Monteagudo

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