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222 N I St
Tacoma, WA 98403 Stadium District

$1,100,000 USD

Apartments For Sale  •  3,488 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,488 SF
  • Lot Size 0.07 AC
  • Building Class C
  • Year Built 1904
  • Zoning R4
40 Transit Score
80 Walk Score

Highlights

Scarcity Driven Location: The Stadium District is famous for irreplaceable aesthetic/character, boasts proximity to major employers, recreational amen
Turn-key Asset: Each unit has been thoughtfully renovated to modern standards with classy, high-quality finishes, with two units also featuring in-uni
Cash Cow Upside without CapEx: 47% NOI growth through increasing rents to market rates and implementing utility bill-back, with no renovations require
Attractive Basis: Offered at just $157,143 per unit, 50% of replacement cost protecting equity with room to push rents without aggressive assumptions.

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Tacoma Dome Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder), Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 7 min - 2.9 mi
10 min - 5.3 mi
Transit/SubwayDriveWalkDistance
Theater District/South 9th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Seattle-Tacoma International 38 min - 23.3 mi
Gabe Blake 206-618-2207 Blake Investment Advisors
Gabe Blake 206-618-2207 Blake Investment Advisors