Listed by Washington Realty Group
$660,000
SOLD OCT 15, 2024

512 Deeded St Orting, WA 98360

-- Bed
-- Bath
2,144 Sq Ft
0.45 Acres

Recently Sold

$308 Per Sq Ft

2% Below List Price

6 Days on Market

Highlights

  • 0.45 Acre Lot
  • No HOA
  • Baseboard Heating
  • Territorial View
  • Open Space
  • High Speed Internet

About This Home

As of October 2024

Step into a prime investment opportunity with this fully occupied, one-story tri-plex located in Downtown Orting. Ideal for seasoned investors or those new to property ownership, this tri-plex combines convenience with value. Penty of parking. Two units are two bed, one bath and one unit is a one bed with one bathroom. Washer and dryers in all units. Don’t miss out on this turn-key investment opportunity. With its strong rental history and newer roof and recently painted exterior, this tri-plex is a smart choice for those seeking reliable returns and a hassle-free property. Act quickly to secure this gem in your investment portfolio!

Last Agent to Sell the Property

Jim Clifford

Washington Realty Group License #16818

Co-Listed By

Jason Clifford

SJC Management Group License #24336

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2286806

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,193

Year Built

  • Built in 1973

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 136'x140'x72'x9'x63'x149'
  • Open Space

Home Design

  • Triplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2,144 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • Open Parking

Schools

  • Orting Mid Middle School
  • Orting High School

Utilities

  • Baseboard Heating
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Orting Subdivision

Listing and Financial Details

  • Assessor Parcel Number 592520-023-7

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,193

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1973
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 2144
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 207

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Open Space
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 3
  • Open Parking: Yes
  • Total Parking Spaces: 3
  • ParkingUncoveredSpaces: 3

Utilities

  • Sewer: Available
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Orting
  • WaterCompany: City of Orting
  • WaterSewerGarbage: 4632

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 900

Schools

  • Junior High Dist: Orting
  • High School: Orting High
  • Middle Or Junior School: Orting Mid

Lot Info

  • Parcel Number: 592520-023-7
  • Lot Size Acres: 0.4502
  • Lot Size: 136'x140'x72'x9'x63'x149'
  • Lot Size Sq Ft: 19612
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: High Speed Internet
  • MLSLotSizeSource: Assessor Office
  • MLSSquareFootageSource: Assessor Office
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.54
  • LeasedItems: None
  • TotalMonthlyIncome: 4485

Multi Family

  • Gross Scheduled Income: 53820
  • Net Operating Income: 40489
  • Number Of Units Total: 3
  • Electric Expense: 900
  • Insurance Expense: 2251
  • Leasable Area: 2124
  • EnergySource: Electric
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2024
  • Tax Annual Amount: 4193

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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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
10/15/2024 10/15/24 Sold $660,000 -2.2% $308 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
09/05/2024 09/05/24 For Sale $675,000 -- $315 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $4,193 $481,400 $190,100 $291,300
2023 $4,193 $456,600 $181,600 $275,000
2022 $3,932 $429,900 $181,600 $248,300
2021 $4,194 $346,500 $125,000 $221,500
2019 $3,416 $316,700 $106,000 $210,700
2018 $0 $265,100 $92,400 $172,700
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Previous Owner $357,000 New Conventional
Previous Owner $170,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $660,000 None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $344,719 First American Title Company
Warranty Deed -- None Available
Source: Public Records

About the Listing Agent

Jim Clifford

Washington Realty Group

(253) 826-7513

Section Image

Real estate has been at the core of Jim’s endeavors for many years, which eventually led him to open his brokerage back in 1998. Prior to Washington Realty Group, he served as designated broker for Northwest Community Brokers. He is proud to say that with his help, that company grew from having 3 people in the office to over 50.

Since starting his own company, he has shifted his focus to helping people buy and sell individual homes, lots, and investment properties. He has successfully

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2286806

Northwest Multiple Listing Service (NWMLS)

APN: 592520-0237