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About the Listing 10286 - 152564
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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
2485504
Year Built
1926
Total Square Footage
9,042
Lot/Acreage
0.22
County
Pierce
Building Name
Woodruffs Add Amended
Neighborhood
Central Tacoma
Area
27 - Central Tacoma
School District
Tacoma
Elementary School
Bryant
Middle School
Hilltop Heritage Middle
High School
Stadium
Interior Details
- Bedrooms: 17
- Bathrooms: 9 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: TPU
Exterior Details
- Lot Description: Corner Lot,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: Multi-Family
- Roof: Flat
- Others: Wood,Updated/Remodeled
- Sewer: City of Tacoma Sewer
Financial Details
- Tax Amount: $21,867
- Taxes w/Assessments: N/A
- Tax/Property ID: 2008270080
- Tax Year: 2025
Payment Calculator
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Questions About..
1319 S 9 St S Tacoma, WA 98405
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