1603 Washington Street

1603 Washington Street

Steilacoom, WA 98388

$1,798,000
Price
9
Beds
7
Baths
4,924 Sq. Ft.
$365 / Sq. Ft.
4,924
Sq. Ft.
$365
per Sq. Ft.
an aerial view of a house
a front view of a house with a porch
a front view of a house with garden
an aerial view of a house with swimming pool and glass windows and plants
a view of a lake and mountain in the back
an aerial view of a house with a yard
a front view of a house with a yard
a view of entryway and hall
a view of a house with patio
a view of a houses with a balcony
a view of a street with sitting area
a view of balcony with furniture
a house view with a outdoor space
a view of a house with backyard and sitting area
a living room with furniture wooden floor and a flat screen tv
a view of an empty room with wooden floor and a window
a view of room with window and wooden floor
a living room with furniture and a flat screen tv
an empty room with wooden floor and windows
a kitchen with stainless steel appliances a dining table and chairs
a kitchen with white cabinets and white appliances
a bedroom with a bed and dresser
a view of an empty room with wooden floor
a white toilet sitting next to a bath tub
a bathroom with a sink mirror and toilet
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a kitchen that has a sink and a stove
a bathroom with a toilet sink and mirror
a bathroom with a sink and a bathtub
a bathroom with a glass shower door
an aerial view of houses with yard
a view of a city
a view of ocean and mountains
a view of a building entrance
a view of a brick house with many windows
a view of entryway
a view of an ocean
a view of lake and mountain
Listing provided courtesy of Coldwell Banker Danforth

Description

Investors' Dream: Elevate your portfolio with this exceptional offering in the heart of Steilacoom. Masterfully renovated 6-Plex alongside the mid-century 2-bedroom home, combining modern luxury with vintage charm. Exclusive Features: all 7 units boast covered parking, additional storage, & access to a shared, elegantly landscaped courtyard garden. Unbeatable Views: iconic panoramas of the Olympic Mts & Puget Sound. Location: Situated in historic & scenic Steilacoom, blend of serenity & convenience....Investors' Dream: Elevate your portfolio with this exceptional offering in the heart of Steilacoom. Masterfully renovated 6-Plex alongside the mid-century 2-bedroom home, combining modern luxury with vintage charm. Exclusive Features: all 7 units boast covered parking, additional storage, & access to a shared, elegantly landscaped courtyard garden. Unbeatable Views: iconic panoramas of the Olympic Mts & Puget Sound. Location: Situated in historic & scenic Steilacoom, blend of serenity & convenience. Consistent Occupancy: low turnover & rock-bottom vacancy rate, indicative of high tenant satisfaction & steady cash flow; a long-term, high-yield investment. Dive into the Steilacoom market with confidence & secure this unparalleled asset today!
  1. Listed by Seana Gladstone • Coldwell Banker Danforth
  2. Listed by Linda Petersen • Coldwell Banker Danforth

Property Details for 1603 Washington Street

Community Name
Steilacoom
School District
Steilacoom Historica
View
Bay, City, Mountain(s), Ocean, See Remarks, Sound
Number of Assigned Spaces
7
Total Covered Parking
0
Entry Date
10-31-2023
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Coldwell Banker Danforth
Add your commute
LISTING UPDATED: 02/15/2024 12:28 PM

Property Details for 1603 Washington Street

StatusActive
MLS #2175546
Days on Market181
Cumulative Days on Market666
Taxes$7,860 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.27 AC / 11,900 SF
CountyPierce County

Location

Listing Courtesy of Coldwell Banker Danforth
Add your commute

Building Information for 1603 Washington Street

Stories2Residences7Year Built1947Building Size-Lot Size0.27 AC / 11,900 SF

Payment Calculator

$10,467 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,812

Property Taxes

$655

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1603 Washington Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Cable TV, Fenced-Partially, High Speed Internet, Patio, Sprinkler System
  • Area: 43 - Steilacoom
  • Elementary School: Cherrydale Elem
  • Middle Or Junior School: Pioneer Mid
  • High School: Steilacoom High
  • Effective Year Built Source: Public Records
  • Directions: GPS directions are accurate. You can park on Washington St or Pacific.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 7.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Floor Covering: Engineered Hardwood, Hardwood, Vinyl, Carpet
  • Features: Hardwood, Wall to Wall Carpet
  • Amenities: Coin Op Laundry,See Remarks,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Radiator
  • FIRPTA: No
Exterior Features
  • Exterior: Cement/Concrete, Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Community
  • Water/Sewer/Garbage: 15277
  • Power Company: Puget Sound Energy
  • Sewer Company: Town Of Steilacoom
  • Water Company: Town of Steilacoom
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2020
  • Photos Count: 40
Lot Information
  • Lot Details: Corner Lot
  • Lot Size Source: Public Record
  • Parcel Number Free Text: 665520-007-0
  • Building Condition: Good
  • Calculated Square Footage: 4924
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4924.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 7
  • Units Below Grade: false
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 38369
  • Gross Adjusted Income: 132924
  • Gross Rent Multiplier: 13.5
  • Gross Scheduled Income: $139,920
  • Insurance Expense: $2,752
  • Net Operating Income: $94,555
  • Other Expenses: $12,480
  • Total Monthly Income: 11655
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: SFH
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 892
  • Rent Unit 1: $1,800.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 1
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 800
  • Rent Unit 2: $1,895.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 2
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 646
  • Rent Unit 3: $1,595.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 3
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 646
  • Rent Unit 4: $1,400.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 4
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 646
  • Rent Unit 5: $1,550.00
  • Bedrooms Unit 5: 1
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 5
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 646
  • Rent Unit 6: $1,495.00
  • Bedrooms Unit 6: 1
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 6
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 646
  • Rent Unit 7: $1,395.00
  • Bedrooms Unit 7: 1
  • Bathrooms Unit 7: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4922.0
  • Leasable Area Units: Square Feet

Property History for 1603 Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1603 Washington Street

Taxable ValueLand$536,500Additions$383,400Total$919,900
Tax Record2024$7,920 ($660 / month)
Home Facts
Total Finished SqFt4,032 SqFtAbove Ground SqFt4,032 SqFtStories2Lot Size11,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1947Year Renovated2000ZoningR-7.2CountyPIERCEAPN6655200070

Schools near 1603 Washington Street

This home is within Steilacoom Hist. School District.
Rating
School
Type
Grades
Distance
Cherrydale Elementary School
Public - K 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
PublicK 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 1603 Washington Street, Steilacoom, WA 98388

1603 Washington Street is a multi-family home for sale in Steilacoom, WA 98388. This property was listed for sale on October 31, 2023 by Coldwell Banker Danforth, it's currently listed at $1,798,000. It has been on the market for a total of 181 days and was last sold on September 27, 2012. This listing's school district is Steilacoom Hist. School District. Nearby schools include Cherrydale Elementary School, Saltars Point Elementary School and Pioneer Middle School. 1603 Washington Street is a 9-bed, 7-bath, 4,924 sqft multi-family home built in 1947.

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 Coldwell Banker Danforth

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.