Log In/Sign Up
Your email has been sent.
Victorian Manor Apartments 707-709 S I St 12 Unit Apartment Building $2,175,455 CAD ($181,288 CAD/Unit) 6.07% Cap Rate Tacoma, WA 98405
Investment Highlights
- Fully renovated from the studs out
- In a walkable, and transit-connected neighborhood
- Has an estimated 10%+ income growth via utility bill-back and modest rent adjustments.
- Just two blocks from the brand-new T-Line Light Rail and minutes from downtown
- Ideally positioned in Tacoma’s rapidly expanding urban core
Executive Summary
Victorian Manor is a fully renovated from the studs out, multifamily asset ideally positioned in Tacoma’s rapidly expanding urban core, just two blocks from the brand-new T-Line Light Rail and minutes from downtown. Victorian Manor is a rare turnkey opportunity priced at $133K per door, has upside in rents, in a walkable, and transit-connected neighborhood that is poised for appreciation. Victorian Manor has the potential for 10%+ income growth via utility bill-back and modest rent adjustments. With Tacoma’s steady rent growth, healthcare expansion, and regional infrastructure investments this property offers both immediate yield and long-term upside. Victorian Manor delivers stability, scalability, and location-driven value that investors seek.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$254,867
|
$45.19
|
| Other Income |
$1,796
|
$0.32
|
| Vacancy Loss |
$12,834
|
$2.28
|
| Effective Gross Income |
$243,829
|
$43.23
|
| Taxes |
$20,117
|
$3.57
|
| Operating Expenses |
$91,541
|
$16.23
|
| Total Expenses |
$111,657
|
$19.80
|
| Net Operating Income |
$132,172
|
$23.43
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $254,867 |
| Annual Per SF | $45.19 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,796 |
| Annual Per SF | $0.32 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $12,834 |
| Annual Per SF | $2.28 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $243,829 |
| Annual Per SF | $43.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $20,117 |
| Annual Per SF | $3.57 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $91,541 |
| Annual Per SF | $16.23 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $111,657 |
| Annual Per SF | $19.80 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $132,172 |
| Annual Per SF | $23.43 |
Property Facts
| Price | $2,175,455 CAD | Building Class | C |
| Price Per Unit | $181,288 CAD | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,640 SF |
| Cap Rate | 6.07% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1954/2007 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | URX | ||
| Price | $2,175,455 CAD |
| Price Per Unit | $181,288 CAD |
| Sale Type | Investment |
| Cap Rate | 6.07% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,640 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1954/2007 |
| Parking Ratio | 1.42/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | URX |
Amenities
- Smoke Detector
Unit Amenities
- Balcony
- Cable Ready
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Views
- Carpet
- Double Pane Windows
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,619 CAD | 338 |
| 1+1 | 11 | $1,835 CAD | 423 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 200717-0040 | Total Assessment | $2,477,324 CAD (2025) |
| Land Assessment | $481,850 CAD (2025) | Annual Taxes | $20,117 CAD ($3.57 CAD/SF) |
| Improvements Assessment | $1,995,474 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
200717-0040
Land Assessment
$481,850 CAD (2025)
Improvements Assessment
$1,995,474 CAD (2025)
Total Assessment
$2,477,324 CAD (2025)
Annual Taxes
$20,117 CAD ($3.57 CAD/SF)
Tax Year
2026
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Victorian Manor Apartments | 707-709 S I St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.