$499,900
Est. $2,769/mo1,596 sq ft
1017 S I Street, Tacoma, WA 98405
• Listed Oct 15, 2026•5 days active · 5 cumulative
Listing Broker: Windermere Prof Partners; Drew Staudt; 253-285-6105; drewstaudt@windermere.com
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Listing Broker: Windermere Prof Partners; Drew Staudt; 253-285-6105; drewstaudt@windermere.com
About this home
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.
Listed by Drew Staudt • Windermere Prof Partners
Listing updated: October 15, 2026 at 05:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2594657
Around this home
How much should you offer?
1017 S I Street, Tacoma, WA 98405
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Duplex
Flooring
- Ceramic Tile
- Carpet
Heating & cooling
- Baseboard heating
- Wall Furnace heating
- None cooling
Schools
Ratings via SchoolDiggerSchool information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units in building
- 2
- Units below grade
- false
- Building square feet
- 1,596 sq ft
Income & expenses
- Gross scheduled income
- $38,400
- Total monthly income
- $3,200
- Gross adjusted income
- $36,480
- Net operating income
- $31,870
- Cap rate
- 6.38%
- Gross rent multiplier
- 13.01
- Vacancy rate
- 5%
- Total expenses
- $9,111
- Insurance
- $1,200
- Water / sewer / garbage paid by
- 3600
Taxes & assessment
- Annual taxes
- $4,311
- Tax year
- 2025
- Financing
- Cash, Conventional, FHA, VA Loan
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 1017 S I Street
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 15, 2026ListedNWMLS via MLS Grid · #2594657$499,900$313/sq ft
- Oct 9, 2020Recorded salePierce County recorder · Statutory warranty deed$385,000$241/sq ft
- Feb 1, 2019Recorded salePierce County recorder · Statutory warranty deed$310,000$194/sq ft
- Apr 24, 2015SoldNWMLS via MLS Grid · #748189$80,750$51/sq ft
- Apr 6, 2015PendingNWMLS via MLS Grid · #748189$80,750$51/sq ft
- Apr 6, 2015Price reducedNWMLS via MLS Grid · #748189$80,750$51/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$3,253 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Windermere Prof Partners; Drew Staudt; 253-285-6105; drewstaudt@windermere.com
Market pulse
Tacoma is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 61 days.
Recent sales nearby
Within 1 mile · last 6 months$439,500 Sold
1 day ago
3 bd•2.5 ba•~1,560 sq ft•Single Family
1912 Martin Luther King Jr Way, Tacoma, WA 98405
0%
Over list
158
Days on market
0.7 mi
Distance
$305,000 Sold
1 week ago
2 bd•1 ba•~760 sq ft•Single Family
1916 Martin Luther King Jr Way, Tacoma, WA 98405
2%
Over list
123
Days on market
0.7 mi
Distance
$660,000 Sold
3 weeks ago
•Single Family
1522 S M Street, Tacoma, WA 98405
3%
Under list
36
Days on market
0.5 mi
Distance
$510,000 Sold
3 weeks ago
3 bd•2 ba•~1,204 sq ft•Single Family
1255 S Grant Avenue, Tacoma, WA 98405
0%
Over list
55
Days on market
0.6 mi
Distance
$300,000 Sold
4 weeks ago
3 bd•1 ba•~1,864 sq ft•Single Family
711 S Cushman Avenue, Tacoma, WA 98405
0%
Over list
—
Days on market
0.5 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 8:29 AM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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HO
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