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707-709 S I St
Tacoma, WA 98405 Stadium District

$1,599,000 USD

Apartments For Sale  •  5,640 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,640 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1954
  • Cap Rate 5.87 %
  • Zoning URX
0 Transit Score
90 Walk Score

Highlights

Fully renovated from the studs out
Just two blocks from the brand-new T-Line Light Rail and minutes from downtown
In a walkable, and transit-connected neighborhood
Ideally positioned in Tacoma’s rapidly expanding urban core
Has an estimated 10%+ income growth via utility bill-back and modest rent adjustments.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $93,897 USD (2025)
Cap Rate: 5.87 %
Total Expenses: $85,322 USD

Amenities

  • Balcony
  • Cable Ready
  • Laundry Facilities
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Range
  • Tub/Shower
  • Views
  • Carpet
  • Double Pane Windows
  • Smoke Detector

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 - 2.3 mi
10 min - 5.1 mi
Transit/SubwayDriveWalkDistance
Theater District/South 9th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 2 min 12 min 0.6 mi
Convention Center/South 15th (Tacoma Link - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder)) 3 min 19 min 0.9 mi
AirportDriveWalkDistance
Seattle-Tacoma International 37 min - 23.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Brian Richardson 206-276-6811 Kidder Mathews
Brian Richardson 206-276-6811 Kidder Mathews