1532 West Sims Way

1532 West Sims Way

Port Townsend, WA 98368

$1,750,000
Price
6
Beds
9
Baths
7,468 Sq. Ft.
$234 / Sq. Ft.
7,468
Sq. Ft.
$234
per Sq. Ft.
an aerial view of residential houses with outdoor space
a view of a lake with a city view
view of a lake view
a view of balcony and deck
a view of a house with a barbeque and wooden floor
a living room with furniture and a large window
a kitchen with stainless steel appliances granite countertop a stove and a sink
a bathroom with a sink and a mirror
a large kitchen with stainless steel appliances granite countertop a sink and a stove
a bathroom with a bathtub
a bathroom with a toilet sink and mirror
a kitchen with a sink a stove and a refrigerator
a living room with furniture and a large window
a living room with furniture a flat screen tv and a floor to ceiling window
an aerial view of a city with lots of residential buildings lake and ocean view
a view of house with outdoor seating space
an empty room with chandelier fan and windows
Listing provided courtesy of John L. Scott, Inc.

Description

The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting....The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.
  1. Listed by Steven E Kraght • John L. Scott, Inc.

Property Details for 1532 West Sims Way

Community Name
Port Townsend
School District
Port Townsend #50
View
City, Mountain(s), Sound, Strait
Number of Assigned Spaces
15
Total Covered Parking
0
Entry Date
03-09-2023
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of John L. Scott, Inc.
Add your commute
LISTING UPDATED: 02/15/2024 12:03 PM

Property Details for 1532 West Sims Way

StatusActive
MLS #2043549
Days on Market418
Cumulative Days on Market453
Taxes$9,554 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.62 AC / 27,007 SF
CountyJefferson County

Location

Listing Courtesy of John L. Scott, Inc.
Add your commute

Building Information for 1532 West Sims Way

Stories2Residences8Year Built1948Building Size-Lot Size0.62 AC / 27,007 SF

Payment Calculator

$10,347 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$796

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1532 West Sims Way

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Deck, Outbuildings
  • Area: 480 - Port Townsend
  • Effective Year Built Source: See Remarks
  • Directions: 1532 W. Sims Way
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 15.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate, Carpet
  • Features: Laminate, Wall to Wall Carpet
  • Amenities: Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
  • FIRPTA: Yes
Exterior Features
  • Exterior: Wood
  • Roof: Metal
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 5930
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Commercial
  • First Right Of Refusal: false
  • Possible Use: Commercial
  • Letter On File: Duplicate Prop Type
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1990
  • Photos Count: 17
Lot Information
  • Lot Details: Paved
  • Lot Size Dimensions: 100 x 270
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 948325101
  • Building Condition: Very Good
  • Calculated Square Footage: 7468
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 7468.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 15
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 8
  • Units Below Grade: false
  • Units In Building Total: 8
Financing / Income and Expenses
  • Electric Expense: $5,185
  • Total Expenses: 35334
  • Gross Adjusted Income: 119172
  • Gross Rent Multiplier: 14
  • Gross Scheduled Income: $119,172
  • Insurance Expense: $8,515
  • Net Operating Income: $83,838
  • Other Expenses: $6,150
  • Total Monthly Income: 9931
  • 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
  • Rent Unit 1: $1,400.00
  • 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
  • Rent Unit 2: $475.00
  • Bedrooms Unit 2: 0
  • 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
  • Rent Unit 3: $650.00
  • Bedrooms Unit 3: 1
  • 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
  • Rent Unit 4: $766.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Rent Unit 5: $540.00
  • Bedrooms Unit 5: 0
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Rent Unit 6: $900.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 7
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Rent Unit 7: $900.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Unit 8
  • Name Unit 8: Commercial
  • Washer/Dryer Unit 8: false
  • Range/Oven Unit 8: false
  • Refrigerator Unit 8: false
  • Dishwasher Unit 8: false
  • Rent Unit 8: $4,300.00
  • Bathrooms Unit 8: 2
Rental
Rent Information
  • Occupant Type: Owner
  • Leasable Area: 7468.0
  • Leasable Area Units: Square Feet

Property History for 1532 West Sims Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1532 West Sims Way

Taxable ValueLand$610,885Additions$470,142Total$1,081,027
Tax Record2023$9,197 ($766 / month)
Home Facts
Total Finished SqFt7,637 SqFtAbove Ground SqFt7,637 SqFtLot Size27,007 SqFtStyleFinancial BuildingZoningC-IICountyJEFFERSONAPN948325101

Schools near 1532 West Sims Way

This home is within Port Townsend School District.
Rating
School
Type
Grades
Distance
Grant Street Elementary School
Public - PK to 5
Blue Heron Middle School
Public - 6 to 8
Port Townsend High School
Public - 9 to 12
Ocean K-12
Public - K to 12
Rating
School
Distance
Grant Street Elementary School
PublicPK to 5

Blue Heron Middle School
Public6 to 8

Port Townsend High School
Public9 to 12

Ocean K-12
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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More information about 1532 West Sims Way, Port Townsend, WA 98368

1532 West Sims Way is a multi-family home for sale in Port Townsend, WA 98368. This property was listed for sale on March 9, 2023 by John L. Scott, Inc., it's currently listed at $1,750,000. This listing's school district is Port Townsend School District. Nearby schools include Grant Street Elementary School, Blue Heron Middle School and Port Townsend High School. 1532 West Sims Way is a 6-bed, 9-bath, 7,468 sqft multi-family home built in 1948.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of John L. Scott, Inc.

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.