Excellent investment opportunity in Tacoma’s sought-after North End! This well-maintained 4-unit property at 1102 N Sheridan Ave offers a strong 6.5% cap rate with significant upside and pride of ownership throughout. Numerous improvements have already been completed, helping reduce future maintenance concerns while enhancing tenant appeal. Located in a premier location close to shopping, dining, parks, waterfront amenities, and commuter routes, this property combines stable income potential with long-term appreciation opportunity. Whether you’re expanding your portfolio or completing a 1031 exchange, this is a rare chance to own a turn-key multifamily asset in one of Tacoma’s most desirable neighborhoods.
Pending inspection
Listed by: ANB Homes • Rashan Clark
Price cut: $20K (6/17)
$785,000
1102 N Sheridan Avenue, Tacoma, WA 98403
6beds
4baths
--sqft
:
Get pre-qualified$4,938/mo
Quadruplex, Multi Family
Built in 1890
-- sqft lot
$783,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 65 days |
- 225 |
- 17 |
Zillow last checked:
Listing updated:
Listed by:
Rashan Clark,
ANB Homes
Source: NWMLS as distributed by MLS GRID,MLS#: 2528502
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- Ductless
Features
- Flooring: Hardwood, Vinyl, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 3,998 Square Feet
- Features: Curbs, Sidewalk, Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings
Details
- Parcel number: 2041280030
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1890
- Major remodel year: 1969
Utilities & green energy
- Electric: Company: TPU
- Sewer: Sewer Connected, Company: TPU
- Water: Company: TPU
Community & HOA
Community
- Subdivision: New Tacoma
Location
- Region: Tacoma
Financial & listing details
- Tax assessed value: $693,600
- Annual tax amount: $7,500
- Date on market: 5/24/2026
- Cumulative days on market: 64 days
- Listing terms: Conventional,VA Loan
Estimated market value
$783,800
$745,000 - $823,000
$2,183/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Pending sale | $785,000 |
Source:  NWMLS as distributed by MLS GRID #2528502 Report a problem | ||
| 6/17/2026 | Price change | $785,000-2.5% |
Source: NWMLS as distributed by MLS GRID #2528502 Report a problem | ||
| 6/8/2026 | Listed for sale | $805,000 |
Source: NWMLS as distributed by MLS GRID #2528502 Report a problem | ||
| 6/4/2026 | Pending sale | $805,000 |
Source: NWMLS as distributed by MLS GRID #2528502 Report a problem | ||
| 5/22/2026 | Listed for sale | $805,000+312.8% |
Source: NWMLS as distributed by MLS GRID #2528502 Report a problem | ||
| 9/25/2012 | Sold | $195,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,546 +6.1% | $693,600 +8.5% |
| 2023 | $7,110 +12.5% | $639,100 +4.9% |
| 2022 | $6,322 +7.2% | $609,100 +18.4% |
| 2021 | $5,899 +18.6% | $514,600 +23.6% |
| 2019 | $4,974 -11.1% | $416,500 +8.8% |
| 2018 | $5,592 +13.5% | $382,900 +8.1% |
| 2017 | $4,927 +3.5% | $354,200 +24.4% |
| 2016 | $4,763 | $284,700 +3.9% |
| 2014 | $4,763 +17.4% | $274,100 +8.3% |
| 2013 | $4,055 | $253,100 +9.5% |
| 2012 | -- | $231,200 -13.1% |
| 2011 | -- | $266,000 +17.9% |
| 2010 | -- | $225,600 -20.5% |
| 2009 | -- | $283,700 |
| 2008 | $3,305 +0% | $283,700 +0.4% |
| 2007 | $3,305 +36.2% | $282,500 +99.4% |
| 2002 | $2,427 -0.6% | $141,700 |
| 2001 | $2,442 | $141,700 +1.8% |
| 2000 | $2,442 | $139,200 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: North End
Nearby schools
GreatSchools rating
- 7/10Grant Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Hilltop Heritage Middle SchoolGrades: 6-8Distance: 0.4 mi
- 7/10Stadium High SchoolGrades: 9-12Distance: 1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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