Updated Tacoma duplex in a prime location within walking distance of light rail and close to downtown amenities. The up-down configuration features 2-bedroom, 1-bath units, each with a living area, kitchen, and its own laundry. There are no shared interior spaces, and electricity and water are separately metered. A comprehensive remodel from the studs out in 2016 included a new roof, windows, plumbing, electrical systems, and much more. The lower unit rents for $1,600 per month to a reliable, long-term tenant, while the recently vacated upper unit offers flexibility to move in, lease long term, or explore short-term rental use. The upper unit previously operated as a successful Airbnb benefiting from its proximity to downtown Tacoma. The projected 6.38% cap rate assumes an upper-unit rent of $1,600 per month — matching the rate of the lower unit and below current market rent — leaving additional income potential beyond the stated projection. Overall, this is an excellent investment opportunity with a proven rental track record and the added flexibility of owner occupancy.
Active
Listed by: Windermere Prof Partners • Drew Staudt • 253-285-6105
$499,900
1017 S I Street, Tacoma, WA 98405
4beds
2baths
1,596sqft
Duplex, Multi Family
Built in 1890
-- sqft lot
$495,400 Zestimate®
$313/sqft
$-- HOA
What's special
Its own laundryUp-down configurationNew roof
- --
- on Zillow
- 358
- views
- 20
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Drew Staudt 253-285-6105 drewstaudt@windermere.com,
Windermere Prof Partners
Source: NWMLS as distributed by MLS GRID,MLS#: 2594657
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Baseboard, Wall Furnace, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Ceramic Tile, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,596
- Total interior livable area: 1,596 sqft
Property
Features
- Has view: Yes
- View description: City
Lot
- Size: 1,498 Square Feet
- Dimensions: 25 x 60
- Features: Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
Details
- Parcel number: 2010170050
- Zoning description: Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Metal/Vinyl
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1890
- Major remodel year: 2016
Utilities & green energy
- Electric: Company: Tacoma Public Utilities
- Sewer: Sewer Connected, Company: Tacoma Public Utilities
- Water: Public, Company: Tacoma Public Utilities
Community & HOA
Community
- Subdivision: New Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $313/sqft
- Tax assessed value: $395,300
- Annual tax amount: $4,311
- Date on market: 10/16/2026
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$495,400
$471,000 - $520,000
$1,345/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Listed for sale | $499,900+29.8%$313/sqft |
Source:  NWMLS as distributed by MLS GRID #2594657 Report a problem | ||
| 10/26/2020 | Sold | $385,000$241/sqft |
Source: NWMLS as distributed by MLS GRID #1662183 Report a problem | ||
| 9/23/2020 | Pending sale | $385,000$241/sqft |
Source: Windermere Real Estate/Puyallup Inc. #1662183 Report a problem | ||
| 9/17/2020 | Listed for sale | $385,000+24.2%$241/sqft |
Source: Windermere Real Estate/Puyallup Inc. #1662183 Report a problem | ||
| 2/8/2019 | Sold | $310,000+283.9%$194/sqft |
Source: Public Record Report a problem | ||
| 4/24/2015 | Sold | $80,750$51/sqft |
Source: NWMLS as distributed by MLS GRID #748189 Report a problem | ||
| 4/6/2015 | Pending sale | $80,750$51/sqft |
Source: Properties NW of Gig Harbor #748189 Report a problem | ||
| 3/30/2015 | Listed for sale | $80,750$51/sqft |
Source: Properties NW of Gig Harbor #748189 Report a problem | ||
| 3/26/2015 | Pending sale | $80,750$51/sqft |
Source: Properties NW of Gig Harbor #748189 Report a problem | ||
| 3/19/2015 | Price change | $80,750-4.9%$51/sqft |
Source: Properties NW of Gig Harbor #748189 Report a problem | ||
| 2/27/2015 | Listed for sale | $84,900-37.6%$53/sqft |
Source: Properties NW of Gig Harbor #748189 Report a problem | ||
| 8/28/2014 | Sold | $136,000-56.8%$85/sqft |
Source: Public Record Report a problem | ||
| 8/12/2010 | Listing removed | $315,000$197/sqft |
Source: Baldwin Real Estate LLC Report a problem | ||
| 3/29/2009 | Listed for sale | $315,000+25.7%$197/sqft |
Source: Baldwin Real Estate LLC Report a problem | ||
| 8/8/2006 | Sold | $250,500+140.9%$157/sqft |
Source: NWMLS as distributed by MLS GRID #26058285 Report a problem | ||
| 2/13/2001 | Sold | $104,000$65/sqft |
Source: NWMLS as distributed by MLS GRID #20100069 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,311 +2.4% | $395,300 +2.3% |
| 2024 | $4,210 +4% | $386,500 +6.3% |
| 2023 | $4,049 +11% | $363,500 +3.6% |
| 2022 | $3,647 +7.7% | $350,900 +18.9% |
| 2021 | $3,388 +32% | $295,100 +32.7% |
| 2019 | $2,566 +0.2% | $222,400 +12.8% |
| 2018 | $2,562 +16.6% | $197,200 +21.7% |
| 2017 | $2,197 +12.4% | $162,000 +35.3% |
| 2016 | $1,955 | $119,700 +6.6% |
| 2014 | $1,955 +12.5% | $112,300 +7.1% |
| 2013 | $1,738 | $104,900 +6.1% |
| 2012 | -- | $98,900 -13.8% |
| 2011 | -- | $114,700 -8.7% |
| 2010 | -- | $125,600 -12.4% |
| 2009 | -- | $143,300 -6.5% |
| 2008 | $1,894 +0% | $153,300 -5.2% |
| 2007 | $1,894 +80% | $161,700 +119.4% |
| 2002 | $1,052 | $73,700 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: New Tacoma
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