218 3rd Ave SW

4
Baths
2,492 Sq. Ft.
$381 / Sq. Ft.
2,492
Sq. Ft.
$381
per Sq. Ft.

Description

Seller financing! Seller will finance up to 75% of the purchase price at 5.5% interest-only for up to 5 years. Renovated 4-plex in Pacific, WA featuring four 2 bed / 1 bath units with updated interiors, including new cabinets, appliances, countertops, flooring, paint, and trim. Built in 1984, the building is well maintained and includes brand new commercial laundry, off-street parking for 8 vehicles, and a private, landscaped yard space for tenant use. Current rents average $1,394 per unit plus a...Seller financing! Seller will finance up to 75% of the purchase price at 5.5% interest-only for up to 5 years. Renovated 4-plex in Pacific, WA featuring four 2 bed / 1 bath units with updated interiors, including new cabinets, appliances, countertops, flooring, paint, and trim. Built in 1984, the building is well maintained and includes brand new commercial laundry, off-street parking for 8 vehicles, and a private, landscaped yard space for tenant use. Current rents average $1,394 per unit plus a $150 utility fee. Located on a quiet residential street with convenient access to Hwy 167, Auburn, Sumner, and nearby employers. A great fit for both investors seeking solid cash flow and buyers looking to live in one unit while renting the others.
  1. Listed by Taylor Wyman • Northmarq Multifamily, LLC
    P: (952)-356-0100 twyman@northmarq.com

Property Details for 218 3rd Avenue Southwest

Community Name
Pacific
School District
Auburn
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
04-03-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 06/30/2025 04:04 AM

Property Details for 218 3rd Avenue Southwest

StatusSold
MLS #2354811
Days on Market21
Cumulative Days on Market9
Taxes$6,980 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size0.28 AC / 12,000 SF
CountyKing County

Location

Listing Courtesy of Northmarq Multifamily, LLC

Sold By Marketplace Sotheby's Intl Rty

Add your commute

Building Information for 218 3rd Avenue Southwest

Stories1Residences4Year Built1984Building Size-Lot Size0.28 AC / 12,000 SF

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$5,365 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,784

Property Taxes

$582

HOA Dues

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Property Information for 218 3rd Avenue Southwest

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Partially
  • Area: 310 - Auburn
  • Effective Year Built Source: Public Records
  • Directions: 167 to Pacific-Algona exit. East to 4 way stop - take right. Head S to 3rd Ave SW - take left. Left on Portland Ct SW
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • 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: Vinyl Plank
  • Amenities: Coin Op Laundry
  • Cooling: Yes
  • Cooling: Wall Unit(s)
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
Exterior Features
  • Exterior: Wood
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 9186
  • Power Company: PSE
  • Sewer Company: City of Pacific
  • Water Company: City of Pacific
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2018
  • Photos Count: 16
Lot Information
  • Lot Details: Corner Lot, Dead End Street, Paved
  • Lot Size Source: King County
  • Parcel Number Free Text: 3353401252
  • Building Condition: Good
  • Calculated Square Footage: 2492
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2492.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $306
  • Total Expenses: 18572
  • Gross Adjusted Income: 77460
  • Gross Rent Multiplier: 12.26
  • Gross Scheduled Income: $77,460
  • Insurance Expense: $2,100
  • Net Operating Income: $58,888
  • Other Expenses: $0
  • Total Monthly Income: 6455
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 616
  • Rent Unit 1: $1,425.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 616
  • Rent Unit 2: $1,350.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 616
  • Rent Unit 3: $1,400.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 616
  • Rent Unit 4: $1,400.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2464.0
  • Leasable Area Units: Square Feet

Property History for 218 3rd Avenue Southwest

DateEvent & SourcePriceAppreciation
May 30, 2025

Sold

NWMLS #2354811

$950,000—
Apr 24, 2025

Pending

NWMLS #2354811

—
Apr 3, 2025

Listed (Active)

NWMLS #2354811

$950,000—
DateEvent & SourcePrice
05/30/2025

Sold

NWMLS #2354811

$950,000
04/24/2025

Pending

NWMLS #2354811

—
04/03/2025

Listed (Active)

NWMLS #2354811

$950,000

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

Public Records for 218 3rd Avenue Southwest

Taxable ValueLand$125,000Additions$489,000Total$614,000
Tax Record2024$6,980 ($582 / month)
Home Facts
Total Finished SqFt2,464 SqFtAbove Ground SqFt2,464 SqFtStories1Lot Size12,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1984Year Renovated2000ZoningRS 6CountyKINGAPN335340-1252

Schools near 218 3rd Avenue Southwest

This home is within Auburn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alpac Elementary School
PublicPK to 5

Olympic Middle School
Public6 to 8

Auburn Riverside High School
Public9 to 12

Auburn Opportunity Project
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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Northmarq Multifamily, LLC

Based on information submitted to the MLS GRID as of 06/30/2025 04:04 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.