Listing provided courtesy of Coldwell Banker DanforthNWMLSas Distributed by MLSGrid- MLS# NWM2486221
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Location Location Location!
Just 7 blocks to the beach!
Saltar's Landing 6 units available as one package
Strong rental history and all buildings have been updated
Units 1 and 2 each with 3 bedrooms + 1 BA + Decks and storage units
Units 3 and 4 each with 2 bedrooms + 1 BA + decks and storage units
Units 5 and 6 are both 3 bedroom + 1 BA with decks and storage units off the deck
Living Room / Great Room
Large, full bathrooms recently remodeled
Spacious feeling bedrooms
Another spacious Bedroom
Another Bedroom
3rd Bedroom (could be a Den) with Slider to the Deck
Great Room with Kitchen on the Left
Storage Unit outside off the deck
Saltar's Beach offers awesome views and fresh salt air
Saltar's Beach from around the corner
814 5th StSteilacoom, WA 98388
Multi-Family · 16 Beds · 5,312 Sq. ft. | 0.89 Acres$1,875,000
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814 5th St Overview
- Visits:
- 2
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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814 5th St Facts & Features
- Type Multi-Family
- Sq. ft. 5,312
- Price/Sq.ft. $353
- Lot 0.89 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Steilacoom Historica
Income/Expenses
- Other Expense: 2140
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 151200
- Insurance Expense: 7354
- Net Operating Income: 118427
- Total Expenses: 32773
- Total Monthly Income: 12600
- Water/Sewer/Garbage: 9102
Building Information
- New Construction: No
- Year Built: 1970
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 43 - Steilacoom
- Subdivision Name: Saltars Point
Community/Development
- Amenities: See Remarks,Storage
Tax Information
- Tax Annual Amount: $14,177.00
- Tax Year: 2025
General Information
- Listing Terms: Cash
- Parcel Number: 9008470010
- Property Condition: Updated/Remodeled
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 5312
- Building Area Units: Square Feet
- Calculated Square Footage: 5312
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank
- Heating: Yes
- Leasable Area: 5312
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 1
Exterior
Parking Information
- Open Parking: No
- Parking Total: 12
- Parking Uncovered Total: 12
Lot Information
- Irrigation Water Rights: No
- Lot Features: Corner Lot, Paved
- Lot Size Acres: 0.8854
- Lot Size Square Feet: 38570
- Lot Size Units: Square Feet
- Site Features: Deck, Outbuildings
- Elevation Units: Feet
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition, Torch Down
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood
- Number Of Units Total: 6
- Sewer: Sewer Connected
Unit Information
Unit 5 Details
- Actual Rent: 1950
- Beds Total: 2
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1950
- Beds Total: 2
- Baths Total: 1
Unit 1 Details
- Actual Rent: 2175
- Beds Total: 3
- Baths Total: 1
Unit 2 Details
- Actual Rent: 2175
- Beds Total: 3
- Baths Total: 1
Unit 3 Details
- Actual Rent: 2175
- Beds Total: 3
- Baths Total: 1
Unit 4 Details
- Actual Rent: 2175
- Beds Total: 3
- Baths Total: 1
814 5th St Neighborhood
Community
98388 (Steilacoom) Demographics
41
Median Age
322
Population Density (per sq. mile)
56%
College Educated
$85,083
Estimated Median Income
1,634
Estimated Total Home Owners
951
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.814 5th St Monthly Cost
814 5th St Market Data
Based on the last 30 days in this zip code
$1,019,185
Average List Price
$372
Average Price per Square Foot
7
Properties Sold
72
Average Days on Market
39
Properties for Sale