400 9th St Raymond, WA 98577
Estimated payment $2,799/month
Highlights
- Corner Lot
- Baseboard Heating
- 4-minute walk to L.V. And Stella Raymond Memorial Park
- No HOA
- Wood Siding
About This Home
Investor Alert! Incredible value-add opportunity in the heart of Raymond! This 10-unit multi-family complex (6× 2BR/1BA + 4× 1BR/1BA) offers nearly 7,920?sq?ft of rental space across two parcels totaling 0.27 acres, including a vacant lot with expansion potential. Currently 7 of 10 units are tenant-occupied, providing immediate income with room to increase cash flow through renovations and lease-up. Features include on-site laundry, solid rental history, and proximity to schools, parks, and town amenities. Seller is open to bundling with additional multi-family properties, making this a fantastic portfolio-building opportunity.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2390326
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,908
Year Built
- Built in 1959
Lot Details
- 0.27 Acre Lot
- Corner Lot
Home Design
- Flat Roof Shape
- Wood Siding
Interior Spaces
- 8,016 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Raymond 2Nd Add Condos
- Raymond Subdivision
Listing and Financial Details
- Assessor Parcel Number 72042009007
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Price Changed | $500,000 | -16.7% | $62 / Sq Ft |
| 08/09/2025 08/09/25 | For Sale | $599,999 | 0.0% | $75 / Sq Ft |
| 07/10/2025 07/10/25 | Pending | -- | -- | -- |
| 07/03/2025 07/03/25 | Price Changed | $599,999 | -14.3% | $75 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $699,999 | -6.7% | $87 / Sq Ft |
| 06/10/2025 06/10/25 | For Sale | $749,999 | +650.0% | $94 / Sq Ft |
| 12/30/2015 12/30/15 | Sold | $100,000 | -50.0% | $12 / Sq Ft |
| 12/16/2015 12/16/15 | Pending | -- | -- | -- |
| 12/07/2012 12/07/12 | For Sale | $199,900 | -- | $25 / Sq Ft |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2390326
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