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Listing Firm: Northmarq Multifamily, LLC: Taylor Wyman

Bought With: Marketplace Sotheby's Intl Rty : Mike Garrett

SOLD On May 30, 2025
NWMLS # 2354811

$950,000

  • Sold Price
  • - Beds
  • - Baths
  • 2492 Sq.ft.

218 3rd Avenue SW, Pacific, WA 98047

Listings with the three tree icon are courtesy of NWMLS

About This Property

SELLER FINANCING! Seller will finance up to 75% of the purchase price at 5.5% interest-only for up to 5 years. Renovated 4-plex in Pacific, WA featuring four 2 bed / 1 bath units with updated interiors, including new cabinets, appliances, countertops, flooring, paint, and trim. Built in 1984, the building is well maintained and includes brand new commercial laundry, off-street parking for 8 vehicles, and a private, landscaped yard space for tenant use. Current rents average $1,394 per unit plus a $150 utility fee. Located on a quiet residential street with convenient access to Hwy 167, Auburn, Sumner, and nearby employers. A great fit for both investors seeking solid cash flow and buyers looking to live in one unit while renting the others.

Buyer's Agent: Mike Garrett • Marketplace Sotheby's Intl Rty

Listed by: Taylor Wyman • Northmarq Multifamily, LLC

Aris360 Last Checked: 2 Minutes Ago (Aug 02, 2025 11:24 PM)

  • Source: NWMLS as Distributed by MLS Grid #2354811

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: 3rd
  • Zip/Postal Code: 98047
  • City: Pacific

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Property Features

  • County
    • Pacific
  • Community
    • 310 - Auburn
  • MLS Area
    • 310 - Auburn
  • Longitude
    • -122.255933
  • Latitude
    • 47.265441
  • Directions
    • 167 to Pacific-Algona exit. East to 4 way stop - take right. Head S to 3rd Ave SW - take left. Left on Portland Ct SW

  • Floors
    • Vinyl Plank
  • Power Production Type
    • Electric

  • Stories
    • 1
  • Style
    • 54 - 4-Plex
  • Parking Spaces
    • 8
  • Lot Description
    • Corner Lot,
    • Dead End Street,
    • Paved,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Wood
  • Site Description
    • Cable TV,Fenced-Partially
  • Roof
    • Composition,
  • Septic or Sewer
    • Sewer Connected,
  • Condition
    • Good,
  • Water
    • City of Pacific
  • Building Total Area (Sq. Ft.)
    • 12000

  • High School District
    • Auburn

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Condominium,
  • Tax Amount
    • $6980
  • Year Built
    • 1984
  • Effective Year Built
    • 2018
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Sat Aug 02 2025 . 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.

Aug 02, 2025 11:24 PM