1532 W Sims Way Port Townsend, WA 98368
Estimated payment $10,545/month
Highlights
- Views of a Sound
- Deck
- Property is in very good condition
- Port Townsend High School Rated 9+
- No HOA
- Wood Siding
About This Home
The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2043549
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,554
Year Built
- Built in 1948
Lot Details
- 0.62 Acre Lot
- Lot Dimensions are 100 x 270
- Property is in very good condition
Property Views
- Views of a Sound
- Strait Views
- City
- Mountain
Home Design
- Poured Concrete
- Metal Roof
- Wood Siding
Interior Spaces
- 7,468 Sq Ft Home
- 2-Story Property
Flooring
- Wall to Wall Carpet
- Laminate
Parking
- 15 Parking Spaces
- Open Parking
Outdoor Features
- Deck
- Outbuilding
Utilities
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- No Home Owners Association
- Port Townsend Subdivision
Listing and Financial Details
- Assessor Parcel Number 948325101
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $9,951 | $1,109,534 | $615,885 | $493,649 |
| 2022 | $9,555 | $1,081,027 | $610,885 | $470,142 |
| 2021 | $9,905 | $985,953 | $510,738 | $475,215 |
| 2020 | $10,160 | $985,953 | $510,738 | $475,215 |
| 2019 | $5,048 | $985,953 | $510,738 | $475,215 |
| 2018 | $5,640 | $531,440 | $225,800 | $305,640 |
| 2017 | $5,280 | $519,140 | $213,500 | $305,640 |
| 2016 | $5,076 | $519,140 | $213,500 | $305,640 |
| 2015 | $5,118 | $519,140 | $213,500 | $305,640 |
| 2014 | -- | $519,140 | $213,500 | $305,640 |
| 2013 | -- | $519,140 | $213,500 | $305,640 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2024 11/21/24 | Price Changed | $1,750,000 | +4.5% | $234 / Sq Ft |
| 11/20/2024 11/20/24 | For Sale | $1,675,000 | 0.0% | $224 / Sq Ft |
| 11/15/2024 11/15/24 | Off Market | $1,675,000 | -- | -- |
| 09/04/2024 09/04/24 | Price Changed | $1,675,000 | -4.3% | $224 / Sq Ft |
| 11/17/2023 11/17/23 | For Sale | $1,750,000 | 0.0% | $234 / Sq Ft |
| 11/16/2023 11/16/23 | Off Market | $1,750,000 | -- | -- |
| 08/22/2023 08/22/23 | Price Changed | $1,750,000 | -22.2% | $234 / Sq Ft |
| 03/09/2023 03/09/23 | For Sale | $2,250,000 | -- | $301 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,270,000 | Commercial |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2043549
APN: 948325101
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.
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