1102 N Sheridan Avenue, Tacoma, WA 98403
- $785,000
Listing courtesy of ANB Homes.
- List Price
- $785,000
- Status
- PENDING INSPECTION
- MLS#
- 2528502
- Price Change
- ▼ $20,000 1781748728
- Days on Market
- 62
- Style
- 54 - 4-Plex
- Annual Tax Ammount
- 7500
- Lot Size (sq ft)
- 4,000
- Sewer
- Sewer Connected
Property Description
Excellent investment opportunity in Tacoma’s sought-after North End! This well-maintained 4-unit property at 1102 N Sheridan Ave offers a strong 6.5% cap rate with significant upside and pride of ownership throughout. Numerous improvements have already been completed, helping reduce future maintenance concerns while enhancing tenant appeal. Located in a premier location close to shopping, dining, parks, waterfront amenities, and commuter routes, this property combines stable income potential with long-term appreciation opportunity. Whether you’re expanding your portfolio or completing a 1031 exchange, this is a rare chance to own a turn-key multifamily asset in one of Tacoma’s most desirable neighborhoods.
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Additional Information
- List Date
- 2026-05-25 19:51:13
- Community
- New Tacoma
- Net Operating Income
- $65,838
- Gross Adjusted Income
- $81,600
- Gross Scheduled Income
- $81,600
- Total Monthly Income
- $6,800
- Insurance Expenses
- $2,550
- Water/Sewer/Garbage Expenses
- $5,712
- Gross Rent Multiplier
- 9.8
- Total Expenses
- $15,762
- Cap Rate
- 6.5
- Total Number of Units
- 4
- Unit Name
- 1102
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1890
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,800
- Gross Scheduled Income
- $81,600
- Gross Adjusted Income
- $81,600
- Tax Year
- 2026
- Insurance Expense
- $2,550
- W/S/G Expenses
- $5,712
- Total Expenses
- $15,762
- Net Operating Income
- $65,838
- Gross Rent Multiplier
- 9.8
- Cap Rate
- 6.5
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.