814 5th St, Steilacoom, WA 98388
- $1,875,000
- 5,312
- SqFt
Listing courtesy of Coldwell Banker Danforth.
- List Price
- $1,875,000
- Status
- ACTIVE
- MLS#
- 2486221
- Days on Market
- 146
- Style
- 55 - 5-9 Units
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 5,312
- Area Total SqFt
- 5312
- Annual Tax Ammount
- 14177
- Lot Size (sq ft)
- 38,570
- Sewer
- Sewer Connected
Property Description
GREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close to Fort Steilacoom Park & just a 10 minute drive to Chambers Bay Golf. This Prime location is also close to Lakewood, University Place & McChord Air Force Base, in a quiet and quaint neighborhood within the Historic little town of Steilacoom. Duplex-style architecture, yet the property was developed as Condo Units in 2008 and has always been owned by a single investor versus 3 or 6 investors ... Current owner considering breaking into 3 Duplex Units if not sold to one investor who wants to own and manage the whole property with all 6-units, so don’t delay if you want to own all 6 in this great location! Updated roofs, windows, stainless appliances including W/D & microwaves in each unit, vinyl plank flooring, mini-split heat & A/C, + each unit has a deck w/ storage unit. 6 tax parcels for PSA. PLEASE Do Not Disturb Tenants! Access to interiors upon mutual acceptance on an acceptable PSA. 3-D Tour uploaded + Tour Video. Fidelity T&E.
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Additional Information
- List Date
- 2026-03-02 19:43:22
- Community
- Saltars Point
- Net Operating Income
- $118,427
- Gross Adjusted Income
- $151,200
- Gross Scheduled Income
- $151,200
- Total Monthly Income
- $12,600
- Insurance Expenses
- $7,354
- Water/Sewer/Garbage Expenses
- $9,102
- Gross Rent Multiplier
- 12.4
- Total Expenses
- $32,773
- Cap Rate
- 6.3
- Total Number of Units
- 6
- Unit Name
- 814
- Potential Terms
- Cash
- Year Built
- 1970
- Roof
- Composition, Torch Down
- Site Features
- Deck, Outbuildings
- Other Expenses
- 2140
- Energy Source
- Electric
- School District
- Steilacoom Historica
- Total Monthly Income
- $12,600
- Gross Scheduled Income
- $151,200
- Gross Adjusted Income
- $151,200
- Tax Year
- 2025
- Insurance Expense
- $7,354
- W/S/G Expenses
- $9,102
- Total Expenses
- $32,773
- Net Operating Income
- $118,427
- Gross Rent Multiplier
- 12.4
- Cap Rate
- 6.3
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.