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Ardivus Brivity

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1319 S 9 St , Tacoma, WA 98405
$2,400,000
Est. Payment: $11,929.37/mo
17 Bed
9 Bath
9042 Sqft
Status: active | Days on site: 33
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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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Highlights

Listed by Liat Arama , 425-786-7542 Keasy Property Management , 425-786-7542. Northwest Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.22

Year Built

1926

County

Pierce

Area

27 - Central Tacoma

 Neighborhood

Central Tacoma

 School District

Tacoma

Listing ID

2485504

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:17
  • ▪ Bathrooms:9
  • ▪ Full Bathrooms:
Other:TPU

Exterior Features

Lot:Corner Lot,Zoning: Multi-Family
Garage Capacity:0
Zoning:Multi-Family
Roof:Flat
Others:Wood,Updated/Remodeled
Sewer:City of Tacoma Sewer
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$11,929
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,822

Home Price

$2,400,000

Home Price

Loan Details

30 yrs
6.336%

Interest Rate

Loan Type

Down Payment

20%
$480,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$11,929.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $11,929.37 $1,822.25 $0.00 $13,751.62
Yearly $143,152.44 $21,867.00 $0.00 $165,019.44
Total $4,294,573.19 $656,010.00 $0.00 $4,950,583.19
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Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Tacoma, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-07-01T12:47:11.000Z

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