1012 N I St
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1012 N I St
3 Unit Apartment Building Offered at £860,695 at a 4.42% Net Initial Yield in Tacoma, WA 98403
Executive Summary
Classic Triplex in the sought-after North Slope Historic District. The ground-floor unit lives like a house with 2 bedrooms, 1 bath, a covered front porch, showcasing plenty of old-world charm. The upper units are updated, multi-story townhome-style, each offering 2 bedrooms, a ¾ bath, balconies, and water views. A shared laundry room adds convenience for tenants. At the rear of the property, a 3-car garage generates additional rental income and could potentially be converted into a DADU/ Fourth Unit for even more revenue. This is an incredibly special property located in one of Tacoma's best neighborhoods. A turn-key investment opportunity, it’s ideal for both investors and owner-occupants looking to house hack.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£56,139
|
£25.23
|
| Other Income |
£4,032
|
£1.81
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£60,171
|
£27.04
|
| Taxes |
£5,970
|
£2.68
|
| Operating Expenses |
£4,476
|
£2.01
|
| Total Expenses |
£10,446
|
£4.69
|
| Net Operating Income |
£49,725
|
£22.35
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £56,139 |
| Annual Per SF | £25.23 |
| Other Income | |
|---|---|
| Annual | £4,032 |
| Annual Per SF | £1.81 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £60,171 |
| Annual Per SF | £27.04 |
| Taxes | |
|---|---|
| Annual | £5,970 |
| Annual Per SF | £2.68 |
| Operating Expenses | |
|---|---|
| Annual | £4,476 |
| Annual Per SF | £2.01 |
| Total Expenses | |
|---|---|
| Annual | £10,446 |
| Annual Per SF | £4.69 |
| Net Operating Income | |
|---|---|
| Annual | £49,725 |
| Annual Per SF | £22.35 |
Property Facts
| Price | £860,695 | Lot Size | 0.11 AC |
| Price Per Unit | £286,898 | Building Size | 2,225 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Net Initial Yield | 4.42% | Number of Floors | 4 |
| Gross Rent Multiplier | 15 | Year Built | 1900 |
| No. Units | 3 | Parking Ratio | 1.8/1,000 SF |
| Property Type | Residential |
| Price | £860,695 |
| Price Per Unit | £286,898 |
| Sale Type | Investment |
| Net Initial Yield | 4.42% |
| Gross Rent Multiplier | 15 |
| No. Units | 3 |
| Property Type | Residential |
| Lot Size | 0.11 AC |
| Building Size | 2,225 SF |
| Average Occupancy | 100% |
| Number of Floors | 4 |
| Year Built | 1900 |
| Parking Ratio | 1.8/1,000 SF |
Unit Amenities
- Dishwasher
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 3 | £1,506 | 850 - 1,025 |
1 of 1
Walk Score ®
Very Walkable (75)
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1012 N I St
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