109 4th Avenue SE, Pacific, WA 98047
- $1,950,000
- 5,984
- SqFt
Listing courtesy of WeLakeside.
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 2520404
- Days on Market
- 79
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 5,984
- Area Total SqFt
- 5984
- Annual Tax Ammount
- 17366
- Lot Size (sq ft)
- 23,250
- Sewer
- Sewer Connected
Property Description
Great investment opportunity to own four duplexes (8 Units), all 2 bed/1 bath (748 sq. ft.) with happy long-term tenants and no vacancies for over two years. Each unit has its own storage shed, covered patio, updated vinyl windows, dishwasher and washer/dryer. The complex is on a quiet street with plenty of parking for tenants/guests and it backs up to a public park that is well maintained by City of Pacific. All four buildings have low maintenance metal roofs, five of the units have new kitchen cabinets and the other three have been purchased but not installed.
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Additional Information
- List Date
- 2026-05-09 06:28:10
- Community
- Pacific
- Net Operating Income
- $94,084
- Gross Adjusted Income
- $156,000
- Gross Scheduled Income
- $156,000
- Total Monthly Income
- $13,000
- Insurance Expenses
- $12,102
- Water/Sewer/Garbage Expenses
- $27,972
- Gross Rent Multiplier
- 12.5
- Total Expenses
- $61,916
- Cap Rate
- 4.82
- Total Number of Units
- 8
- Unit Name
- 109
- Potential Terms
- Cash, Conventional
- Year Built
- 1967
- View
- Territorial
- Roof
- Metal
- Site Features
- Fenced-Partially, Patio
- Other Expenses
- 4476
- Energy Source
- Electric
- School District
- Auburn
- Elementary School
- Alpac Elem
- Middle School
- Olympic Mid
- High School
- Auburn Riverside Hig
- Total Monthly Income
- $13,000
- Gross Scheduled Income
- $156,000
- Gross Adjusted Income
- $156,000
- Tax Year
- 2026
- Insurance Expense
- $12,102
- W/S/G Expenses
- $27,972
- Total Expenses
- $61,916
- Net Operating Income
- $94,084
- Gross Rent Multiplier
- 12.5
- Cap Rate
- 4.82
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.