418 Pine Street

Orcas Island, WA 98245

$750,000
Last Sold Price
6
Beds
6
Baths
4,800 Sq. Ft.
$156 / Sq. Ft.
4,800
Sq. Ft.
$156
per Sq. Ft.

Description

Income producing apartment complex with 12 one-BR units, in one two-story building. These units are fully rented on a month-to-month basis, with competitive rental rates, This complex represents a solid investment with an approximate 5.5% return after expenses. NOTE: Neighboring .31-acre parcel, which is zoned Village Commercial and can accommodate an additional 12 residential units, MUST be purchased with this property. The listed price for this adjoining parcel is $295,000Income producing apartment complex with 12 one-BR units, in one two-story building. These units are fully rented on a month-to-month basis, with competitive rental rates, This complex represents a solid investment with an approximate 5.5% return after expenses. NOTE: Neighboring .31-acre parcel, which is zoned Village Commercial and can accommodate an additional 12 residential units, MUST be purchased with this property. The listed price for this adjoining parcel is $295,000
  1. Listed by Val Murrey • Windermere RE Orcas Island E

Property Details for 418 Pine Street

Community Name
Orcas
School District
Orcas Island
View
Ocean, Sound
Number of Assigned Spaces
14
Total Covered Parking
0
Entry Date
02-08-2006
Sewer
Sewer Connected

Location

Add your commute
LISTING UPDATED: 03/27/2021 12:37 PM

Property Details for 418 Pine Street

StatusSold
MLS #26019417
Days on Market71
Cumulative Days on Market3922
Taxes$2,334 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.16 AC / 6,970 SF
CountySan Juan County

Location

Add your commute

Building Information for 418 Pine Street

Stories2Residences6Year Built1976Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$4,288 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$195

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 418 Pine Street

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 901 - Orcas
  • Block: 2
  • Directions: Property is located on east side of Pine Street, between School Road and Rose Street, in Eastsound village.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2006
  • Legal Description: TPN 271453205
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 14.0
  • Open Parking: Yes
Interior and Exterior Features
Bedroom Information
  • Bedrooms Possible: 0
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Amenities: Coin Op Laundry
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Wood
  • Roof: Built-Up
Property
Utilities
  • Electric On Property: No
  • Heating and Cooling: Baseboard
  • Water Source: Community
  • Water/Sewer/Garbage: 13990
  • Power Company: OPALCO
  • Sewer Company: Eastsound
  • Water Company: Eastsoundd
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electricity Available
Property and Assessments
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: No
  • Special Listing Conditions: None
  • Photos Count: 1
Lot Information
  • Lot Details: Paved
  • Lot Number: 5
  • Parcel Number Free Text: 271453205000
  • Building Condition: Fair
  • Calculated Square Footage: 4800
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4800.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 14
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 12
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 22159
  • Gross Adjusted Income: 64997
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $65,004
  • Insurance Expense: $3,267
  • Net Operating Income: $43,406
  • Other Expenses: $2,000
  • Total Monthly Income: 65004
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 101
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 370
  • Rent Unit 1: $452.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 105
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 370
  • Rent Unit 2: $452.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 104
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 370
  • Rent Unit 3: $452.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 102
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 370
  • Rent Unit 4: $452.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 103
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 370
  • Rent Unit 5: $452.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 106
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 370
  • Rent Unit 6: $452.00
  • Bedrooms Unit 6: 1
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Leasable Area: 4400.0
  • Leasable Area Units: Square Feet

Property History for 418 Pine 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 418 Pine Street

Taxable ValueLand$235,480Additions$527,990Total$763,470
Tax Record2023$4,586 ($382 / month)
Home Facts
Total Finished SqFt4,800 SqFtAbove Ground SqFt4,800 SqFtStories1Lot Size13,591 SqFtStyleMulti-Family Dwelling (2-4)Year Built1976CountySAN JUANAPN271453-205-000

Schools near 418 Pine Street

This home is within Orcas Island School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Orcas Island Elementary School
PublicK to 5

Orcas Island Middle School
Public6 to 8

Orcas Island High School
Public9 to 12

Oasis 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Windermere RE Orcas Island E

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.