814 5th St

Steilacoom, WA 98388

$1,875,000
Price
16
Beds
6
Baths
5,312 Sq. Ft.
$353 / Sq. Ft.
5,312
Sq. Ft.
$353
per Sq. Ft.
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a view of yard from deck having patio
Listing provided courtesy of Coldwell Banker Danforth
Source: Northwest MLS

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...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.
  1. Listed by Heidi Bright • Coldwell Banker Danforth
  2. Listed by Joe Done • Coldwell Banker Danforth

Property Details for 814 5th Street

Community Name
Saltars Point
School District
Steilacoom Historica
Total Covered Parking
0
Entry Date
03-02-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 03/12/2026 01:07 PM

Property Details for 814 5th Street

StatusActive
MLS #2486221
Days on Market24
Cumulative Days on Market24
Taxes$14,177 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1970
Lot Size0.89 AC / 38,570 SF
CountyPierce County
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Location

Listing Courtesy of Coldwell Banker Danforth
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Building Information for 814 5th Street

Stories1Residences6Year Built1970Building Size-Lot Size0.89 AC / 38,570 SF

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$10,281 per month

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$9,100

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$1,181

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$0

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Property Information for 814 5th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Deck, Outbuildings
  • Area: 43 - Steilacoom
  • Effective Year Built Source: Public Records
  • Directions: GPS will take you there, please do NOT disturb Tenants!
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
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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
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl Plank
  • Amenities: See Remarks,Storage
  • Cooling: Yes
  • Cooling: Ductless
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition, Torch Down
Property
Utilities
  • Water/Sewer/Garbage: 8400
  • Power Company: Town of Steilacoom
  • Sewer Company: Pierce County Sewer
  • Water Company: Town of Steilacoom
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • MLS Square Footage Source: Tax Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2008
  • Photos Count: 21
Lot Information
  • Lot Details: Corner Lot, Paved
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 9008470010
  • Building Condition: Remodeled
  • Calculated Square Footage: 5312
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5312.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 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: 31000
  • Gross Adjusted Income: 151200
  • Gross Rent Multiplier: 12.4
  • Gross Scheduled Income: $151,200
  • Insurance Expense: $5,423
  • Net Operating Income: $120,200
  • Other Expenses: $3,000
  • Total Monthly Income: 12600
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 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
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 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
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 5: 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: $2,175.00
  • Bedrooms Unit 3: 3
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 6: 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: 3
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 3: 8145
  • Washer/Dryer Unit 5: true
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 832
  • Rent Unit 5: $1,950.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 4: 8146
  • Washer/Dryer Unit 6: true
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: true
  • Square Feet Unit 6: 832
  • Rent Unit 6: $1,950.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5312.0

Property History for 814 5th Street

DateEvent & SourcePriceAppreciation
Mar 2, 2026

Listed (Active)

NWMLS #2486221

$1,875,000—
Dec 30, 2021

Sold

NWMLS #1842633

$1,350,000—
Dec 14, 2021

Pending

NWMLS #1842633

—
Nov 2, 2021

Price Change

NWMLS #1842633

$1,499,000—
Sep 19, 2021

Listed (Active)

NWMLS #1842633

$1,599,000—
DateEvent & SourcePrice
03/02/2026

Listed (Active)

NWMLS #2486221

$1,875,000
12/30/2021

Sold

NWMLS #1842633

$1,350,000
12/14/2021

Pending

NWMLS #1842633

—
11/02/2021

Price Change

NWMLS #1842633

$1,499,000
09/19/2021

Listed (Active)

NWMLS #1842633

$1,599,000

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
Cherrydale Elementary School
Public - PK to 3
Saltars Point Elementary School
Public - 4 to 5
Pioneer Middle School
Public - 6 to 8
Steilacoom High School
Public - 9 to 12
Rating
School
Distance
Cherrydale Elementary School
PublicPK 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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More information about 814 5th Street, Steilacoom, WA 98388

814 5th Street is a multi-family home for sale in Steilacoom, WA 98388. This property was listed for sale on March 2, 2026 by Coldwell Banker Danforth, it's currently listed at $1,875,000. It has been on the market for a total of 24 days and was last sold on December 30, 2021. This listing's school district is Steilacoom Hist. School District. Nearby schools include Cherrydale Elementary School, Saltars Point Elementary School and Pioneer Middle School. 814 5th Street is a 16-bed, 6-bath, 5,312 sqft multi-family home built in 1970.

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 Coldwell Banker Danforth

Based on information submitted to the MLS GRID as of 03/12/2026 01:07 PM. 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.