$586,000
SOLD APR 23, 2025
-- Bed
-- Bath
3,850 Sq Ft
0.25 Acres

Recently Sold

$152 Per Sq Ft

13% Below List Price

263 Days on Market

Highlights

  • Baseboard Heating
  • Level Lot
  • 2-minute walk to Kellogg Park
  • Laundry Facilities

About This Home

As of April 2025

Great investment opportunity! Fully occupied 5-plex with great rental history. Each unit has 2 bedroom, 1 bath, refrigerator and oven. Complex has community laundry, covered parking and individual storage area available. Don't miss out on this!

Last Agent to Sell the Property

Brandy Pettet

Windermere Northwest Living Brokerage Phone: 360-521-8031 License #132310

Windermere Northwest Living

Co-Listed By

Husten Pettet

New Tradition Realty Inc Brokerage Phone: 360-521-8031 License #23019276

Last Buyer's Agent

Chad Earhart

Windermere Northwest Living License #114553

Windermere Northwest Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,631

Year Built

  • Built in 1972

Lot Details

  • Level Lot

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Wood Composite

Interior Spaces

  • 3,850 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Parking

  • 5 Parking Spaces
  • Covered Parking

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Rent includes gas, ground maintenance, sewer, water
  • Assessor Parcel Number 06763164

Community Details

Overview

  • 5 Units
  • Olympic Subdivision
  • Property managed by Catlin Properties - Melanie

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $15,130
  • Gross Income $54,996
  • Net Operating Income $40,171

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,631

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1972
  • Property Condition: Approximately
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: CrawlSpace
  • Storage: Attached,IndividualStorageUnits
  • Lot Size Range: SqFt7000to9999

Exterior Features

  • Exterior Description: WoodComposite
  • Lot Size: 7,000 to 9,999 SqFt
  • Foundation Details: ConcretePerimeter
  • View: No
  • Lot Features: Level
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Parking Description: Covered
  • Attached Garage: No
  • Total Parking Spaces: 5.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Cooling Y N: No
  • Heating: Baseboard, WallHeater
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Management Name: Catlin Properties - Melanie
  • Community Features: FrontYardLandscaping, Laundry

Schools

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

Lot Info

  • Zoning: Title
  • Parcel #: 06763164

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Gas, MaintenanceGrounds, Sewer, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 3631.12

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
  • Number Of Units Total: 5
  • Gross Rent Multiplier: 11.82
  • Annual Gross Income: 54996.0
  • Property Net Operating Income: 40171.0
  • Annual Operating Expense: 15130.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
04/23/2025 04/23/25 Sold $586,000 -9.8% $152 / Sq Ft
02/09/2025 02/09/25 Pending -- -- --
11/01/2024 11/01/24 Price Changed $650,000 -3.7% $169 / Sq Ft
07/01/2024 07/01/24 For Sale $675,000 0.0% $175 / Sq Ft
05/25/2024 05/25/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $675,000 -- $175 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24151093

Regional Multiple Listing Service (RMLS)