Sold
Last Sold Price
34,186 sqft$110/sqft
10 Monohon Landing Rd, Raymond, WA 98577
Multi FamilyProperty Type
2.99 acresLot Size
2009Year Built
$110/sq ftPrice per sq ft
60 carsParking Spaces

Description

Opportunity knocks, great cashflow! 24 apartments (2, 3-story buildings) 6-one bed units 12-2 bed/2bath units and 6 3 bed/2ba units with ample parking. PLUS 72 Storage units. Most of the units have been updated with granite counters. Patios, decks, W/D & river views. Rents include water/sewer/garbage. everything is always full with a waiting list. Onsite manager easy for absentee owner. Beautiful corner setting on river w/ mature landscape near town/highway. Boat/RV parking could bring in additional...Opportunity knocks, great cashflow! 24 apartments (2, 3-story buildings) 6-one bed units 12-2 bed/2bath units and 6 3 bed/2ba units with ample parking. PLUS 72 Storage units. Most of the units have been updated with granite counters. Patios, decks, W/D & river views. Rents include water/sewer/garbage. everything is always full with a waiting list. Onsite manager easy for absentee owner. Beautiful corner setting on river w/ mature landscape near town/highway. Boat/RV parking could bring in additional income. Additional income source from two extra parcels previously approved by city. for 18 unit building & 12 storage units. NOT in a flood zone.
  • Listed by: Don M. Goethals 253.891.9000 don@homeswithdon.com • RE/MAX Extra Inc.
Listing closed: 02/23/2022 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1893664

Recent comparable sales

Median sold price

$26,500

Avg days on market

84

Sale-to-list ratio

74.4%

Raymond, WA

9 comparable properties found

an aerial view of a city
1/5
1

$18,500

Sold 02/21/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.13
Acres
a view of yard with swimming pool and green space
1/5
2

$26,500

Sold 08/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.1
Acres
a view of road with large trees
1/8
3

$36,000

Sold 10/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.13
Acres
4

$2,324

Sold 09/27/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,704
Square Feet
0.13
Acres
$52,900 | 1143 Gaylord Street, Raymond, WA 98577
1/6
5

$52,900

Sold 06/25/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.14
Acres
$6,000 | 0 X Eight Street, Raymond, WA 98577
1/9
6

$6,000

Sold 05/20/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.08
Acres
7

$100,000

Sold 05/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
8,016
Square Feet
0.27
Acres
a picture of a room with a white wall and a white wall
1/2
8

$17,000

Sold 03/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.07
Acres
a view of a lake view
1/5
9

$35,000

Sold 03/11/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.51
Acres

Location

Listing Courtesy of RE/MAX Extra Inc.

Sold By ZNonMember-Office-MLS

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Property Information for 10 Monohon Landing Road

Property Details
  • Taxes: $19,728 / year
  • MLS Type: Residential Income
  • Community Name: Raymond
  • School District: Raymond
  • View: City, River, Territorial
  • Number of Assigned Spaces: 60
  • Total Covered Parking: 0
  • Entry Date: 02-23-2022
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 99
  • Year Built: 2009
  • Lot Size: 2.99 AC / 130,262 SF
Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Site Features: Cable TV, Deck, Fenced-Fully, Fenced-Partially, High Speed Internet, Outbuildings, Patio, RV Parking
  • Area: 210 - Raymond
  • Elementary School: Raymond Elem
  • Middle Or Junior School: Raymond Jnr Snr High
  • High School: Raymond Jnr Snr High
  • Effective Year Built Source: Public Records
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: Yes
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Parking Type: RV Parking
  • Open Parking Spaces: 60.0
  • Open Parking: Yes
  • Parking Features: RV Parking
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Ceramic Tile, Engineered Hardwood, Laminate, Vinyl, Carpet
  • Features: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
  • Amenities: Fire Sprinklers,Thermal Windows
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Cement/Concrete, Metal/Vinyl
  • Roof: Composition, Metal
  • Waterfront Description: Bank-Medium, River Access
  • Security Features: PartiallyFenced, FullyFenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 26400
  • Power Company: Pacific Co PUD #2
  • Sewer Company: City of Raymond
  • Water Company: City of Raymond
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Commercial,Multi-Family
  • Construction Methods: Standard Frame,Steel & Concrete
  • Possible Use: Commercial, Multi-Family
  • Senior Community: No
  • Year Built Effective: 2009
  • Photos Count: 1
Lot Information
  • Lot Details: Corner Lot, Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 72052013001
  • Building Condition: Good
  • Calculated Square Footage: 34186
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 34186.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 60
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 99
  • Units Below Grade: false
  • Units In Building Total: 96
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 70128
  • Gross Adjusted Income: 342240
  • Gross Rent Multiplier: 10
  • Gross Scheduled Income: $342,240
  • Insurance Expense: $12,000
  • Net Operating Income: $272,115
  • Other Expenses: $12,000
  • Total Monthly Income: 28850
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 34186.0
  • Leasable Area Units: Square Feet

Property History for 10 Monohon Landing Road

DateEvent & SourcePriceAppreciation
Feb 23, 2022

Sold

NWMLS #1893664

$3,750,000
Feb 23, 2022

Listed (Active)

NWMLS #1893664

$3,750,000
Feb 22, 2022

Sold

NWMLS #1893664

$3,750,000
DateEvent & SourcePrice
02/23/2022

Sold

NWMLS #1893664

$3,750,000
02/23/2022

Listed (Active)

NWMLS #1893664

$3,750,000
02/22/2022

Sold

NWMLS #1893664

$3,750,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10 Monohon Landing Road

Taxable ValueLand$10,000Additions-Total$10,000
Tax Record2025$88 ($7 / month)
Home Facts
Lot Size9,583 SqFtStyleMulti-Family Dwelling (2-4)ZoningUGACountyPACIFICAPN72052026009

Schools near 10 Monohon Landing Road

This home is within Raymond School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 12
Rating
School
Distance
Raymond Elementary School
PublicK to 6

Raymond Junior Senior High School
Public7 to 12

Raymond Home Link School
PublicK 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 10 Monohon Landing Road, Raymond, WA 98577
$3,750,000
34,186
130,262
$52,500
9,583
$165,000
1,022
14,275
2,160
19,166
$159,900
2
1,408
69,696
$97,000
105,851

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Extra Inc.

Based on information submitted to the MLS GRID as of 09/05/2024 05:44 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.