210 Washington Avenue South
210 Washington Avenue South
Eatonville, WA 98328
$1,275,000
Price
11
Beds
6
Baths
5,376 Sq. Ft.
$237 / Sq. Ft.
5,376
Sq. Ft.
$237
per Sq. Ft.
Listing provided courtesy of Kidder Mathews
Description
Washington South Apts. is a value-add turn-key community comprised of five 2-Bdrm & one 1-Bdrm units & coin-operated laundry. Currently, under-performing at a 7.0% cap rate, rents can be increased by an average of 13.59%. New windows, exterior paint and full unit remodels were done. All units have oversized decks or patios with unobstructed views of Mt. Rainier. Off-street parking for each unit. Centrally located w/in the downtown corridor of Eatonville offering short walking to grocery, restaurants,...Washington South Apts. is a value-add turn-key community comprised of five 2-Bdrm & one 1-Bdrm units & coin-operated laundry. Currently, under-performing at a 7.0% cap rate, rents can be increased by an average of 13.59%. New windows, exterior paint and full unit remodels were done. All units have oversized decks or patios with unobstructed views of Mt. Rainier. Off-street parking for each unit. Centrally located w/in the downtown corridor of Eatonville offering short walking to grocery, restaurants, & parks. Make 1 or 2 units into Airbnb units for further income increases. Excess land can support an additional 2 to 4 units. Oversized bathrooms allow for possible addition of W/Ds to units. Attached marketing package in supplements.
- Listed by Brian Richardson • Kidder Mathews
Property Details for 210 Washington Avenue South
Community Name
Eatonville
School DistrictEatonville
ViewMountain(s), Territorial
Number of Assigned Spaces10
Total Covered Parking0
Entry Date05-08-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Kidder Mathews![]()
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LISTING UPDATED: 05/21/2024 03:12 PM
Property Details for 210 Washington Avenue South
| Status | Active |
|---|---|
| MLS # | 2234960 |
| Days on Market | 15 |
| Cumulative Days on Market | 15 |
| Taxes | $7,740 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1984 |
| Lot Size | 0.41 AC / 18,000 SF |
| County | Pierce County |
Location
Listing Courtesy of Kidder Mathews![]()
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Building Information for 210 Washington Avenue South
Stories2Residences6Year Built1984Building Size-Lot Size0.41 AC / 18,000 SF
Payment Calculator
$7,603 per month
30 year fixed, 7.25% Interest
Principal and Interest
$6,958
Property Taxes
$645
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 210 Washington Avenue South
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Deck, Dog Run, High Speed Internet
- Area: 125 - Eatonville
- Directions: From I-5, take exit 127 for WA-512 toward Puyallup, Take Pacific Ave S Exit, Left on 352nd St E, Right onto Eatonville Cutoff Rd, Right onto WA-161, keep straight onto Washington Ave S
- 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: 10.0
- 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: Laminate, Carpet
- Features: Wall to Wall Carpet, Laminate Hardwood
- Amenities: Coin Op Laundry,Playground,Thermal Windows
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Water Source: Community
- Water/Sewer/Garbage: 0
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Concrete Ribbon
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 17
Lot Information
- Lot Details: Alley, Curbs, Open Space, Paved, Sidewalk
- Lot Size Source: County
- Parcel Number Free Text: 3605002691
- Building Condition: Remodeled
- Calculated Square Footage: 5376
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 5376.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
- Green Energy Efficient: Thermal Windows
Multi Family
Building Details
- Number of Uncovered Spaces: 10
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 6
- Units Below Grade: false
- Units In Building Total: 6
Financing / Income and Expenses
- Electric Expense: $660
- Total Expenses: 21196
- Gross Adjusted Income: 110447
- Gross Rent Multiplier: 11.54
- Gross Scheduled Income: $115,376
- Insurance Expense: $3,435
- Net Operating Income: $89,251
- Other Expenses: $9,361
- Total Monthly Income: 9179
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 955
- Rent Unit 1: $1,595.00
- Bedrooms Unit 1: 2
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 955
- Rent Unit 2: $1,585.00
- Bedrooms Unit 2: 2
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 955
- Rent Unit 3: $1,560.00
- Bedrooms Unit 3: 2
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 955
- Rent Unit 4: $1,800.00
- Bedrooms Unit 4: 2
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 5
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: true
- Square Feet Unit 5: 600
- Rent Unit 5: $1,399.00
- Bedrooms Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 6
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: true
- Square Feet Unit 6: 955
- Rent Unit 6: $1,585.00
- Bedrooms Unit 6: 2
- Bathrooms Unit 6: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 5376.0
- Leasable Area Units: Square Feet
Property History for 210 Washington Avenue South
| 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 210 Washington Avenue South
Taxable ValueLand$298,500Additions$556,900Total$855,400
Tax Record2024$7,740 ($645 / month)
Home Facts
Total Finished SqFt5,376 SqFtAbove Ground SqFt5,376 SqFtStories2Lot Size18,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1984Year Renovated1990ZoningMF2CountyPIERCEAPN3605002691
Schools near 210 Washington Avenue South
This home is within Eatonville School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 10 |
Rating | School | Distance |
|---|---|---|
Mt. Rainier Parent Partnership PublicK to 8 | ||
Eatonville Middle School Public6 to 8 | ||
Eatonville High School Public9 to 12 | ||
Eatonville Online Academy Public6 to 10 |
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.