Listing provided courtesy of ANB HomesNWMLSas Distributed by MLSGrid- MLS# NWM2528502
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Request Info1102 N Sheridan AvenueTacoma, WA 98403
Multi-Family · 6 Beds · 0.09 Acres$785,000
Active
1102 N Sheridan Avenue Overview
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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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1102 N Sheridan Avenue Facts & Features
- Type Multi-Family
- Lot 0.09 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Tacoma
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 81600
- Insurance Expense: 2550
- Net Operating Income: 65838
- Total Expenses: 15762
- Total Monthly Income: 6800
- Water/Sewer/Garbage: 5712
Building Information
- New Construction: No
- Year Built: 1890
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 21 - North Tacoma
- Subdivision Name: New Tacoma
Community/Development
- Amenities: Storage
Tax Information
- Tax Annual Amount: $7,500.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional, VA Loan
- Parcel Number: 2041280030
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 0
- Building Area Units: Square Feet
- Calculated Square Footage: 0
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Hardwood, Vinyl, Vinyl Plank, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3600
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Partially Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 0
- Parking Uncovered Total: 0
Lot Information
- Irrigation Water Rights: No
- Lot Features: Curbs, Sidewalk
- Lot Size Square Feet: 4000
- Lot Size Units: Square Feet
- Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Outbuildings
- Elevation Units: Feet
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Quadruplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 4 Details
- Actual Rent: 1400
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1600
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1800
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 2000
- Beds Total: 2
- Baths Total: 1
1102 N Sheridan Avenue Neighborhood
Community
98403 (Tacoma) Demographics
35
Median Age
7,444
Population Density (per sq. mile)
65%
College Educated
$61,863
Estimated Median Income
1,668
Estimated Total Home Owners
2,529
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1102 N Sheridan Avenue Monthly Cost
1102 N Sheridan Avenue Market Data
Based on the last 30 days in this zip code
$766,730
Average List Price
$362
Average Price per Square Foot
8
Properties Sold
56
Average Days on Market
28
Properties for Sale
1102 N Sheridan Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/17/2026Source: NWMLS | $785,000 -2.5% |
|
| 6/7/2026Source: NWMLS | Active |
|
| 6/4/2026Source: NWMLS | Pending Inspection |
|
| 5/22/2026Source: NWMLS | May 22, 2026 |