NOT LISTED FOR SALE
8 Beds
4 Baths
3,136 Sq Ft
5,663 Sq Ft Lot

Last Sold January 12, 2024

Last sale price $578,000 $184 Per Sq Ft

6 Days on Market

About This Home

As of January 2024

Featuring two vacant, updated units, this 4-plex is an excellent investment opportunity. Updates in Units 2 and 4 include new flooring, paint and lighting. Freshly painted exterior, new main hallway carpet, lighting and paint.

Last Agent to Sell the Property

Christina Parks

Windermere Northwest Living Brokerage Phone: 360-910-8907 License #118189 Listed on: 12/19/2023

Windermere Northwest Living

Co-Listed By

Kristin Cheatley

Real Broker LLC Brokerage Phone: 360-910-8907 License #23023886

Last Buyer's Agent

RUTHANN HEWGLEY

Realty Pro West, LLC License #134045

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,194

Year Built

  • Built in 1973

Lot Details

  • Level Lot

Parking

  • 4 Car Garage
  • Open Parking

Home Design

  • Composition Roof
  • Plywood Siding Panel T1-11

Interior Spaces

  • 2-Story Property
  • Washer and Dryer Hookup

Schools

  • Olympic Elementary School
  • Monticello Middle School
  • Ra Long High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 06217

Community Details

Overview

  • 4 Units
  • Olympic Subdivision
  • Property managed by Invest West

Building Details

  • Operating Expense $4,261
  • Gross Income $39,627
  • Net Operating Income $35,366

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,194

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1973
  • Property Condition: Existing
  • Property Attached Yn: No
  • Current Price For Status: 578000.0
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Storage: Attached,IndividualStorageUnits
  • Lot Size Range: SqFt5000to6999

Exterior Features

  • Exterior Description: T111Siding
  • Lot Size: 5,000 to 6,999 SqFt
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Disclosures: Disclosure
  • Roof: Composition

Garage/Parking

  • Parking Description: Open
  • Attached Garage: No
  • Garage Spaces: 4.0
  • Total Parking Spaces: 4.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Security: LimitedAccess
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Invest West

Schools

  • Elementary School: Olympic
  • High School: RA Long
  • Middle Or Junior School: Monticello

Lot Info

  • Zoning: R-04
  • Parcel #: 06217

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: None

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3194.49

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4
  • Number Of Units Total: 4
  • Gross Rent Multiplier: 13.88
  • Annual Gross Income: 39627.0
  • Property Net Operating Income: 35366.0
  • Annual Operating Expense: 4261.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/12/2024 01/12/24 Sold $578,000 +5.1% $184 / Sq Ft
12/26/2023 12/26/23 Pending -- -- --
12/19/2023 12/19/23 For Sale $550,000 -- $175 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

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
2024 $3,364 $388,260 $53,740 $334,520
2023 $3,194 $372,330 $53,740 $318,590
2022 $3,207 $360,070 $53,740 $306,330
2021 $2,967 $322,450 $53,740 $268,710
2020 $2,390 $268,710 $53,740 $214,970
2019 $1,855 $227,002 $34,390 $192,612
2018 $2,257 $171,970 $34,390 $137,580
2017 $1,848 $171,970 $34,390 $137,580
2016 $1,808 $143,310 $28,660 $114,650
2015 $1,962 $143,310 $28,660 $114,650
2013 -- $143,310 $28,660 $114,650
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23396193

Regional Multiple Listing Service (RMLS)