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MLS: #NWM2485504, Listed By: Liat Arama, Keasy Property Management, Source:NWMLS - Northwest Multiple Listing Service

1319 S 9 Street

Tacoma, WA 98405
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Bed 0

Bed

Bath 0

Bath

SqFt9,042

Sqft

Acres0.22

Acre(Lot)

Sheridan Apartments | 9-Unit Fully Renovated Multifamily | 100% Occupied | $122,921 NOI Rare opportunity to acquire a fully stabilized, turnkey 9-unit asset in the heart of Central Tacoma. Sheridan Apartments offers immediate in-place cash flow with $194,000 gross income and $122,921 NOI, delivering strong performance from day one. This early 1900s Craftsman property has been extensively renovated, including fully updated interiors and a major electrical upgrade. There is no deferred maintenance, making this an ideal solution for investors seeking a low-management, quality asset. The diverse unit mix includes 2 detached homes, 5 apartment units, and 2 townhomes, creating strong tenant appeal and income stability. The property is 100% occupied and has demonstrated significant rent growth over the past several years, reflecting both operational strength and Tacoma’s expanding rental market. Located in Central Tacoma with a Walk Score of 86, the property benefits from proximity to JBLM, major healthcare employers, and multiple higher education campuses. JBLM alone supports over 52,000 employees with substantial off-base housing demand, reinforcing long-term rental stability. Whether completing a 1031 exchange or adding a stabilized asset to your portfolio, Sheridan Apartments provides immediate income, renovation quality, and long-term upside in one of Washington’s most supply-constrained markets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $2,400,000

AD Id : 77002548

MLS Id : NWM2485504

Lot Size : 0.22 Acre

Living Area Size : 9,042

Year Built : 1926

County : Pierce

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Feature Features

  • Interior Features

    Roof: Flat

    Roofing Information

    Flat
  • Flooring Information

    Construction Materials: Wood
  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1926
  • Exterior Features

    Wood Construction Materials: Wood

  • Lot Information

    Lot Description: Corner Lot Lot Square Feet: 9750 Lot Acres: 0.2238

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$2400000

  • Tax Information

    Annual Tax: $21867 Tax Year: 2025 Parcel Number: 2008270080

  • School Information

    Elementary School: Bryant Junior High School: Hilltop Heritage Middle Senior High School: Stadium
  • Utility Information

    Sewer: Available Water Source: Public
  • Location Information

    Subdivision: Central Tacoma City: Tacoma Direction: The property is located on the NE corner of S. 9th and S. Sheridan Ave.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1220 Yakima Avenue, Tacoma, WA, 98405 $445,000 -- -- 1,699 1,699 SqFt
615 Martin Luther King .., Tacoma, WA, 98405 $699,000 -- -- 2,984 2,984 SqFt
1214 S I Street, Tacoma, WA, 98405 $979,999 -- -- 3,435 3,435 SqFt
2529 S G Street, Tacoma, WA, 98405 $499,999 -- -- 1,342 1,342 SqFt
709 S M Street #A B, Tacoma, WA, 98405 $499,000 -- -- 1,738 1,738 SqFt
1214 S 8th #1 2, Tacoma, WA, 98405 $699,950 -- -- 2,236 2,236 SqFt
901 S Grant Avenue, Tacoma, WA, 98405 $950,000 -- -- 2,360 2,360 SqFt
2204 S 12th Street, Tacoma, WA, 98405 $515,000 -- -- 1,284 1,284 SqFt
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ByOwner last updated this listing 07/06/2026 @ 18:20

MLS: NWMLS #2485504 LISTED BY: Liat Arama, Keasy Property Management 425-786-7542 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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