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Victorian Manor

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Victorian Manor

707 S I St, Tacoma, WA 98405
Multi-Family For Sale Available Cap Rate 5.31% Built 1954 3 floors Zoning: URX
Asking Price
$1,599,000
Total Building5,640 SF
Land6,500 SF land
Parking Total6
& Uncov.
ConstructionWood
MarketAllenmore Medical District
CountyPierce

Read Overview
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Overview

Property ID
114789
Listing ID
704464
Type
Multi-Family
Asset Class
Multi-Family
Zoning
URX

Description

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 under $138K per door, has upside in rents, in a walkable, and transit-connected neighborhood that is poised for appreciation. Victorian Manor 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. Victorian Manor delivers stability, scalability, and location-driven value that investors seek.

Listing Courtesy of:

DS
Dan Swanson
Kidder Mathews
999 W Main Street, Suite 100,
Boise, ID 83702
State: WA City: Tacoma ZIP: 98405 Type: For Sale

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Disclaimer: The information contained in this listing has not been verified by Muljat Commercial and should be verified by the buyer.