1319 S 9 Street S, Tacoma, WA 98405 (MLS # 2485504)

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Listing provided courtesy of Northwest MLS; Keasy Property Management

PRICE $2,400,000
BEDS 0
BATHS 0
HOME SIZE 9,042 sqft
LOT SIZE 9,749 sqft
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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.

LAST UPDATED 4/12/2026 TRACT Central Tacoma
YEAR BUILT 1926 COMMUNITY Central Tacoma
COUNTY Pierce STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Bryant
Jr. High School Hilltop Heritage Middle
High School Stadium


ADDITIONAL DETAILS
AIR None
AREA 27 - Central Tacoma
CONSTRUCTION Wood Siding
HEAT Baseboard, Electric
LOT 9749 sq ft
LOT DESCRIPTION Corner Lot
MLS STATUS Active
STORIES 2
STYLE 55 - 5-9 Units
SUBDIVISION Central Tacoma
TAXES 21867
UTILITIES Sewer Available
WATER Public
ZONING Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 4/13/26 12:09 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.

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