1603 Washington Street
1603 Washington Street
Steilacoom, WA 98388
$1,600,000
Price
4830
Beds
7
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
Built in 1957, this two story two building offering sits atop Pacific Street with in unit views of the Puget Sound. Resting on .27 AC of irreplaceable real estate, the Steilacoom 7-unit holds a mix of 1 and 2-bedroom units as well as an 800 SF separated house containing a spacious 2-bedroom layout. A truly unique design, the Steilacoom 7-unit has seen major recent capital expenditure items that include new retaining wall, carport structure and upgraded landscaping. In addition, the interiors have...Built in 1957, this two story two building offering sits atop Pacific Street with in unit views of the Puget Sound. Resting on .27 AC of irreplaceable real estate, the Steilacoom 7-unit holds a mix of 1 and 2-bedroom units as well as an 800 SF separated house containing a spacious 2-bedroom layout. A truly unique design, the Steilacoom 7-unit has seen major recent capital expenditure items that include new retaining wall, carport structure and upgraded landscaping. In addition, the interiors have seen a light reno of all units and upgrades to both plumbing and electrical.
- Listed by David A. Kelley • Kidder Mathews
Property Details for 1603 Washington Street
Community Name
Steilacoom
School DistrictSteilacoom Historica
ViewSea
Number of Assigned Spaces7
Total Covered Parking0
Entry Date05-22-2024
Energy SourceElectric
SewerAvailable
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 06/12/2024 01:17 PM
Property Details for 1603 Washington Street
| Status | Active |
|---|---|
| MLS # | 2241506 |
| Days on Market | 24 |
| Cumulative Days on Market | 643 |
| Taxes | $7,919 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1947 |
| Lot Size | 0.27 AC / 11,900 SF |
| County | Pierce County |
Location
Listing Courtesy of Kidder Mathews![]()
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Building Information for 1603 Washington Street
Stories2Residences7Year Built1947Building Size-Lot Size0.27 AC / 11,900 SF
Payment Calculator
$9,392 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,732
Property Taxes
$660
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
- Area: 43 - Steilacoom
- Effective Year Built Source: Public Records
- Directions: Take exit 124 from I-5 S // Continue on Gravelly Lake Dr SW. Take Washington Blvd SW, Military Rd SW and Old Military Rd to Washington St in Steilacoom
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 7.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
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: Engineered Hardwood
- Amenities: Coin Op Laundry
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Heat Pump
Exterior Features
- Exterior: Wood Products
- Roof: Composition
Property
Utilities
- Water/Sewer/Garbage: 14380
- 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: No
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 2020
- Photos Count: 5
Lot Information
- Lot Size Source: Public Record
- Parcel Number Free Text: 6655200070
- Calculated Square Footage: 0
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 0.0
- 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: 41248
- Gross Adjusted Income: 136781
- Gross Rent Multiplier: 1600000
- Gross Scheduled Income: $143,980
- Insurance Expense: $3,000
- Net Operating Income: $95,533
- Other Expenses: $15,949
- Total Monthly Income: 11998
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 800
- Rent Unit 1: $1,895.00
- Bedrooms Unit 1: 800
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 646
- Rent Unit 2: $1,595.00
- Bedrooms Unit 2: 646
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 646
- Rent Unit 3: $1,400.00
- Bedrooms Unit 3: 646
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 646
- Rent Unit 4: $1,550.00
- Bedrooms Unit 4: 646
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- 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: 646
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Square Feet Unit 6: 646
- Rent Unit 6: $1,395.00
- Bedrooms Unit 6: 646
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: SFH
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Square Feet Unit 7: 800
- Rent Unit 7: $1,800.00
- Bedrooms Unit 7: 800
- Bathrooms Unit 7: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4830.0
- Leasable Area Units: Square Feet
Property History for 1603 Washington Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
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 |
|---|---|---|---|---|
| Public - | K to 3 | |||
| Public - | 4 to 5 | |||
| Public - | 6 to 8 | |||
| 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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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 Kidder Mathews
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.