2418 S I St Tacoma, WA 98405
Hilltop NeighborhoodEstimated payment $6,538/month
Highlights
- New Construction
- Mountain View
- Thermal Windows
- Stadium High School Rated A-
- No HOA
- 3-minute walk to Edna Travis Park
About This Home
New Construction 6 unit with $7820/mth in rental income (cap rate 6.7), a 12 year tax abatement at 'land only' taxes, and a proven low-maintenance interior & site design. Income is maximized AND turn-over is simple on these incredibly desirable 1 bdrm/ 1 bath units offering a full-sized kitchen w/ upgraded stainless appls, a good-sized bedroom w/ a large closet space, a living room, and a full-size in-unit washer & dryer. Each unit is designed to share only one floor / ceiling assembly for quieter units, to maximize privacy, and to provide the feel of a stand-alone home. Each unit has a ductless mini-split heat pump for AC & heat. These affordable 1 bdrm units are the fastest renting units in Tacoma! Downtown & light rail friendly location!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2324216
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,741
Year Built
- Built in 2025 | New Construction
Lot Details
- 3,000 Sq Ft Lot
- Partially Fenced Property
- Property is in very good condition
Property Views
- Mountain
- Territorial
Home Design
- Poured Concrete
- Composition Roof
- Cement Board or Planked
Interior Spaces
- 2,658 Sq Ft Home
- 2-Story Property
- Thermal Windows
- Vinyl Plank Flooring
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Parking
- 2 Parking Spaces
- Open Parking
Utilities
- Ductless Heating Or Cooling System
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Tacoma Subdivision
Listing and Financial Details
- Assessor Parcel Number 2024180061
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $944 | $164,100 | $164,100 | -- |
| 2024 | $944 | $159,300 | $159,300 | -- |
| 2023 | $944 | $84,000 | $84,000 | $0 |
| 2022 | $1,280 | $157,300 | $157,300 | $0 |
| 2021 | $1,031 | $81,400 | $81,400 | $0 |
| 2019 | $744 | $64,800 | $64,800 | $0 |
| 2018 | $812 | $56,700 | $56,700 | $0 |
| 2017 | $684 | $51,000 | $51,000 | $0 |
| 2016 | $644 | $35,800 | $35,800 | $0 |
| 2014 | $650 | $36,800 | $36,800 | $0 |
| 2013 | $650 | $36,800 | $36,800 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | Pending | -- | -- | -- |
| 04/15/2025 04/15/25 | For Sale | $1,200,000 | +310.3% | $451 / Sq Ft |
| 04/14/2023 04/14/23 | Sold | $292,500 | -10.0% | -- |
| 03/19/2023 03/19/23 | Pending | -- | -- | -- |
| 11/04/2022 11/04/22 | For Sale | $325,000 | +32499900.0% | -- |
| 09/28/2018 09/28/18 | Sold | $1 | 0.0% | -- |
| 09/28/2018 09/28/18 | For Sale | $1 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $190,000 | None Available | |
| Interfamily Deed Transfer | -- | Wfg National Title | |
| Interfamily Deed Transfer | -- | Wfg National Title | |
| Warranty Deed | $50,719 | Wfg National Title | |
| Interfamily Deed Transfer | -- | Wfg National Title | |
| Quit Claim Deed | $96,512 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $10,900 | Commonwealth Land Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $625,000 | New Conventional | |
| Previous Owner | $9,400 | Purchase Money Mortgage |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2324216
APN: 202418-0060
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