814 5th Street
Steilacoom, WA 98388
$1,999,999
Price
16
Beds
6
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Olympic Sotheby's Int'l Realty
Description
Really great investment opportunity. Six condos in three separate buildings. Each unit has been renovated with new roofs, windows, flooring, paint, fixtures, stainless appliances and more. 2 parking spaces and storage with each unit. 4 (3br) and 2 (2br) units. Well maintained common area and yard. Close to Salter Point Beach and all that Steilacoom has to offer. 6 separate parcels. All units are leased at this time.Really great investment opportunity. Six condos in three separate buildings. Each unit has been renovated with new roofs, windows, flooring, paint, fixtures, stainless appliances and more. 2 parking spaces and storage with each unit. 4 (3br) and 2 (2br) units. Well maintained common area and yard. Close to Salter Point Beach and all that Steilacoom has to offer. 6 separate parcels. All units are leased at this time.
- Listed by Lacey Casciato • Olympic Sotheby's Int'l Realty
Property Details for 814 5th Street
Community Name
Steilacoom
School DistrictSteilacoom Historica
ViewTerritorial
Number of Assigned Spaces12
Total Covered Parking0
Entry Date10-11-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 12:13 PM
Property Details for 814 5th Street
| Status | Active |
|---|---|
| MLS # | 2300544 |
| Days on Market | 44 |
| Cumulative Days on Market | 43 |
| Taxes | $1,920 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1970 |
| Lot Size | 0.16 AC / 6,781 SF |
| County | Pierce County |
Building Information for 814 5th Street
Stories1Residences6Year Built1970Building Size-Lot Size0.16 AC / 6,781 SF
Property Information for 814 5th Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Deck, High Speed Internet
- Area: 43 - Steilacoom
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Steilacoom High
- Directions: Union Ave N to Gove St. Left on 5th.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 9008470020,9008470030,9008470040,9008470050,9008470060
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 12.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Engineered Hardwood
- Amenities: Storage
- Cooling: Yes
- Cooling: Ductless HP-Mini Split
- Fireplace: No
- Heating: Yes
- Heating: Ductless HP-Mini Split, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 8400
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family,Residential
- First Right Of Refusal: false
- Possible Use: Multi-Family, Residential
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 18
Lot Information
- Lot Details: Corner Lot, Dead End Street, Open Space, Paved, Secluded
- Lot Size Source: Realist
- Parcel Number Free Text: 9008470010
- Calculated Square Footage: 0
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 0.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 12
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 34688
- Gross Adjusted Income: 130500
- Gross Rent Multiplier: 15
- Gross Scheduled Income: $130,500
- Insurance Expense: $6,368
- Net Operating Income: $95,812
- Other Expenses: $18,000
- Total Monthly Income: 12850
- Fuel Expense: $0
Unit 1
- Name Unit 1: 8141
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 912
- Rent Unit 1: $2,175.00
- Bedrooms Unit 1: 3
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 8142
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 912
- Rent Unit 2: $2,175.00
- Bedrooms Unit 2: 3
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 8143
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 912
- Rent Unit 3: $1,975.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 8144
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 912
- Rent Unit 4: $2,175.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 8145
- Washer/Dryer Unit 5: true
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 912
- Rent Unit 5: $2,175.00
- Bedrooms Unit 5: 3
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 8146
- Washer/Dryer Unit 6: true
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 912
- Rent Unit 6: $2,175.00
- Bedrooms Unit 6: 3
- Bathrooms Unit 6: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5472.0
- Leasable Area Units: Square Feet
Property History for 814 5th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 814 5th Street
This home is within Steilacoom Hist. School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 3 | |||
| Public - | 4 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Cherrydale Elementary School PublicK to 3 | ||
Saltars Point Elementary School Public4 to 5 | ||
Pioneer Middle School Public6 to 8 | ||
Steilacoom High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Olympic Sotheby's Int'l Realty
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
