Listed by The Joseph Group
$1,175,000
$125K PRICE DROP

222 N I St Tacoma, WA 98403

Stadium District Neighborhood

Estimated payment $7,277/month

Total Views 25,279
-- Bed
-- Bath
3,964 Sq Ft
$296 Price per Sq Ft

Highlights

  • City View
  • Wood Flooring
  • No HOA
  • Lowell Elementary School Rated A-
  • Corner Lot
  • Baseboard Heating

About This Home

Welcome to 222 N I Street, a meticulously maintained 7-unit apartment complex in the heart of North Tacoma, one of the West Coast’s fastest-growing rental markets. This property features a mix of 5 one-bedroom/one-bath units and 2 studio units, offering a proven history of high market rents, long-term occupancy, and excellent upkeep. With a prime location near downtown, hospitals, public transit, and North Tacoma’s best amenities, it’s a rare opportunity for seasoned investors or those starting their portfolio. Increase cash flow potential by adding coin-operated laundry in the basement. Don’t miss this exceptional investment in a thriving rental market!

Listing Agent

Lawton Coursey

The Joseph Group License #125304 Listed on: 01/17/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2323798

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,207

Year Built

  • Built in 1904

Lot Details

  • 3,000 Sq Ft Lot
  • Lot Dimensions are 87 x 38
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 3,964 Sq Ft Home
  • 3-Story Property
  • City Views

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2032180010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,207

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1904
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3964
  • Special Features: VirtualTour

Interior Features

  • Fireplace: No
  • Flooring: Hardwood, Vinyl Plank, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: City
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Stucco
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 2032180010
  • Lot Size Acres: 0.0689
  • Lot Size: 87 x 38
  • Lot Size Sq Ft: 3000
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Gas Available
  • MLSLotSizeSource: PCR
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.09
  • LeasedItems: None
  • TotalMonthlyIncome: 9020

Multi Family

  • Gross Scheduled Income: 108240
  • Net Operating Income: 81746
  • Number Of Units Total: 7
  • Electric Expense: 770
  • Insurance Expense: 6000
  • Leasable Area: 3964
  • EnergySource: Electric
  • UnitsInBuildingTotal: 7
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 12207

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Price Changed $1,175,000 +2.2% $296 / Sq Ft
06/26/2025 06/26/25 Price Changed $1,150,000 -4.2% $290 / Sq Ft
02/13/2025 02/13/25 Price Changed $1,200,000 -7.7% $303 / Sq Ft
01/17/2025 01/17/25 For Sale $1,300,000 +229.1% $328 / Sq Ft
08/23/2016 08/23/16 Sold $395,000 -12.0% $113 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
05/01/2016 05/01/16 For Sale $449,000 -- $129 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2323798

Northwest Multiple Listing Service (NWMLS)

APN: 203218-001

Washington Pierce County Tacoma 98403 Stadium District

222 N I St, Tacoma, WA

This home is located at 222 N I St, Tacoma, WA 98403 and is currently priced at $1,175,000, approximately $296 per square foot. This property was built in 1904. 222 N I St is a home located in Pierce County with nearby schools including Lowell Elementary School, Hilltop Heritage Middle School, and Stadium High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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 by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Lawton Coursey
Listing Agent
Lawton Coursey
Section Image
The Joseph Group
(253) 331-2485