Listed by The Paragon Group
NOT LISTED FOR SALE

724 W Ruby St Pasco, WA 99301

-- Bed
-- Bath
7,392 Sq Ft
16,148 Sq Ft Lot

Last Sold July 17, 2024

Last sale price $1,142,000 $154 Per Sq Ft

82 Days on Market

About This Home

As of July 2024

WORKFORCE LOCATION: Ideal workforce location in Pasco near Amazon Distribution Facilities, Darigold, and others. Property and neighborhood has sustained demand for Ruby8 with minimal vacancy for the past few years. VALUE-ADD POTENTIAL: Two units have been fully renovated and another two units partially renovated, proving market rents and property upside. NEIGHBORHOOD IMPROVEMENT: Tri-Cities Health acquired the property across the street with plans to convert it to additional parking, which will immediately improve the neighborhood and block. FLEXIBLE EXIT STRATEGY: Opportunity to split the two 4-plexes for acquisition and sales, capturing upside of residential financing and deep buyer pool for 4-unit investors.

Last Agent to Sell the Property

Mason Fiascone

The Paragon Group License #20115181 Listed on: 03/20/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2213101

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,467

Year Built

  • Built in 1977

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 65x124.6
  • Property is in good condition

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 7,392 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Parking

  • 16 Parking Spaces
  • Open Parking

Utilities

  • Ductless Heating Or Cooling System

Community Details

  • No Home Owners Association
  • Pasco Subdivision

Listing and Financial Details

  • Assessor Parcel Number 113394211

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,467

Year Built

Built in 1977

Lot Details

0.37 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1977
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 7392
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Residential
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: See Remarks

Exterior Features

  • Roof: Metal
  • View: No
  • Waterfront: No
  • Exterior Features: Stone, Wood
  • Foundation Details: Slab
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 16

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Ductless HP-Mini Split
  • Cooling Y N: Yes
  • Heating: Ductless HP-Mini Split
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No
  • Common Interest: Multi-Family

Schools

  • Junior High Dist: Pasco
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 113394211
  • Lot Size Acres: 0.3707
  • Lot Size: 65X124.6
  • Lot Size Sq Ft: 16148
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: County Records
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Residential

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.48
  • LeasedItems: None
  • TotalMonthlyIncome: 8915

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7467
  • AdditionalTaxIds: 113394220

Multi Family

  • Number Of Units Total: 8
  • Electric Expense: 1565
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify
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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
07/17/2024 07/17/24 Sold $1,142,000 -0.7% $154 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $1,150,000 0.0% $156 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $1,150,000 0.0% $156 / Sq Ft
03/29/2024 03/29/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,150,000 -- $156 / 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
2025 $5,517 $658,700 $82,800 $575,900
2023 $5,346 $681,700 $52,100 $629,600
2022 $3,662 $411,800 $35,900 $375,900
2021 $3,103 $308,900 $35,900 $273,000
2019 $2,281 $224,500 $32,600 $191,900
2018 $2,577 $206,900 $25,000 $181,900
2017 $2,133 $171,400 $22,000 $149,400
2015 $2,020 $152,800 $20,000 $132,800
2013 -- $152,800 $20,000 $132,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2213101

Northwest Multiple Listing Service (NWMLS)

APN: 113-394-211

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