$1,575,000
SOLD DEC 26, 2024

5225 N Pearl St Ruston, WA 98407

12 Beds
6 Baths
4,392 Sq Ft
6,000 Sq Ft Lot

Recently Sold

$359 Per Sq Ft

1% Below List Price

31 Days on Market

Highlights

  • Views of a Sound
  • Secluded Lot
  • Baseboard Heating
  • Deck
  • No HOA
  • Wood Siding

About This Home

As of December 2024

A Rare Pearl in A Diamond Location! Great Opportunity to Own a Desirable/Fully-Rented 6-Plex at a fraction of the price of close by apt./condo communities. First-Time ever Listed! Walk to Pt.Defiance Park w/lots of trails, zoo, aquarium & tennis courts! Point Ruston offers unbelievable Puget Sound Waterfront w/Great Restaurants, Shops, Cinema, hotels & Vashon Ferry! City of Ruston has No Rent Control + Great schools! 73/100 Walk score! The Building has been well-maintained in this Fabulous Location for Apartment Living at its' best! 2 parking stalls/Unit on 3800 sq ft asphalt lot with only 2 steps up to your front deck/front door. Potential Condo Conversion Opportunity! Quick Assess to HWY 16 and I-5 off Beautiful Ruston Way.

Last Agent to Sell the Property

Donald G. Arsenault, CCIM

Arsenault Realty Advisors, LLC License #12025 Listed on: 09/17/2024

Last Buyer's Agent

Donald G. Arsenault, CCIM

Arsenault Realty Advisors, LLC License #12025 Listed on: 09/17/2024

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2291206

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,045

Year Built

  • Built in 1972

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 120x100
  • Secluded Lot
  • Property is in good condition

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,392 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Schools

  • Point Defiance Elementary School
  • Truman Middle School

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Pearl Vista Apartments Condos
  • Ruston Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 to 6 / 5
  • Assessor Parcel Number 7356000270

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,045

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1972
  • Buyer Agency Compensation: 1
  • MLS Status: Sold
  • Prev Status: Closed
  • Building Name: Pearl Vista Apartments
  • New Construction: No
  • CalculatedSquareFootage: 4392
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 154

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 12
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Storage

Exterior Features

  • Roof: Composition
  • View: Sound, Territorial
  • Lot Features: Alley, Curbs, Paved, Secluded, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Community
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • WaterSewerGarbage: 10204.2

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Tacoma
  • Middle Or Junior School: Truman

Lot Info

  • Parcel Number: 7356000270
  • Lot Size Acres: 0.1377
  • Lot Size: 120x100
  • Lot Size Sq Ft: 6000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Assessor's page
  • MLSSquareFootageSource: Assessor's page
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family
  • LotNumber: 3 to 6

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.3
  • LeasedItems: None
  • TotalMonthlyIncome: 9975

Multi Family

  • Gross Scheduled Income: 119700
  • Net Operating Income: 79146
  • Number Of Units Total: 6
  • Insurance Expense: 5116
  • Leasable Area: 4392
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 9045.27
  • AdditionalTaxIds: 7356000260,735600070

MLS Schools

  • Elementary School: Point Defiance

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
12/26/2024 12/26/24 Sold $1,575,000 -1.3% $359 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $1,595,000 0.0% $363 / Sq Ft
10/06/2023 10/06/23 For Rent $1,750 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Donald G. Arsenault, CCIM

    Seller's Agent in 2024

    Donald G. Arsenault, CCIM

    Arsenault Realty Advisors, LLC

    (253) 759-5000

    1 in this area

    6 Total Sales

    Donald G. Arsenault, CCIM
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2291206

Northwest Multiple Listing Service (NWMLS)

Washington Pierce County Ruston 98407

5225 N Pearl St, Ruston, WA

This home is located at 5225 N Pearl St, Ruston, WA 98407 and is currently priced at $1,575,000, approximately $358 per square foot. This property was built in 1972. 5225 N Pearl St is a home located in Pierce County with nearby schools including Point Defiance Elementary School, Truman Middle School, and Dr. Dolores Silas High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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