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Sold on 10/15/2024

512 Deeded Ln SW, Orting, WA 98360

  • $620,000

    Last sold 10/15/2024 for $660K

  • —

    bed

  • —

    bath

  • 2,144

    Sqft ($308/Sqft)

House not for sale
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About 512 Deeded Ln SW

Property type House
Neighborhood
Year built 1973
HOA fee $0/month
Lot size 0.45 Acre
Movoto estimate
Property description
Step into a prime investment opportunity with this fully occupied, one-story tri-plex located in Downtown Orting. Ideal for seasoned investors or those new to property ownership, this tri-plex combines convenience with value. Penty of parking. Two units are two bed, one bath and one unit is a one bed with one bathroom. Washer and dryers in all units. Don’t miss out on this turn-key investment opportunity. With its strong rental history and newer roof and recently painted exterior, this tri-plex is a smart choice for those seeking reliable returns and a hassle-free property. Act quickly to secure this gem in your investment portfolio!
Listed by
Listing Agent - Jim Clifford
Listing Office - Washington Realty Group
Source: NWMLS mls logo
MLS#2286806 • last updated 1 year ago
Movoto checked NWMLS for data 12 minutes ago
Overview
Cooling/AC None
Heating Baseboard
Levels/Style Triplex
MLS # 2286806
SubType Multi-Family
Type Residential Income
SqFt 2144
Status Sold
Lot Size (SqFt) 19612
Lot Size (Acres) 0.4502
Property Tax 4193
Buying Office ZNonMember-Office-MLS
Year Built 1973
Buying Office Phone 425-820-9200
Interior
Interior Features Wall To Wall Carpet
Exterior
Foundation Poured Concrete
Roof Composition
# Open Parking Spaces 3
# Parking Spaces 3
# Uncovered Spaces 3
Exterior Features Wood Products
Amenities / Utilities
Sewer/ Septic Available, City Of Orting
Water Public
Water Company City Of Orting
Power Company PSE
Power Production: Type Electric
Location
View Territorial
County Pierce
Subdivision Orting
Area 114 - Orting
Elementary School Buyer To Verify
Middle School Orting Mid
High School District Orting
High School Orting High
APN 592520-023-7
Zoning Multi-Family, Residential
Multifamily Details
Net Operating Income 40489
Capitalization Rate 5.6
Expense: Insurance 2251
Expense: Electricity 900
Gross Scheduled Income 53820
Expense: Fuel 900
Expense: Other 1500
Gross Adjusted Income 52205
Total Expenses 14376
Gross Rent Multiplier 12.54
Nwm_Totalmonthlyincome 4485
Vacancy Rate 3
Lot/ Land Details
Site Features High Speed Internet
$620K
Range: $514K-$725K
Last 30 days 
Rental est.: $3,495/month
Gross rent multiplier: 16.1
Powered By Movoto
  • Oct 2024
    mls logo MLS # 2286806
  • Oct 15, 2024 Sold
    $660,000 (-2.2%)
  • Sep 11, 2024 Pending
    —
  • Sep 5, 2024 Listed
    $675,000
  • 512 Deeded Ln SW
    $660K
  • 114 - Orting
    —
  • 98360
    $519K -7% y/y
  • Orting
    $519K -8% y/y
No chart available
Statistics calculated by Movoto

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4/10
Orting Elementary School
public Grades PK, K-3
Orting School District
3/10
Ptarmigan Ridge Elementary School
public Grades K-5
Orting School District
4/10
Orting Middle School
public Grades 6-8
Orting School District
5/10
Orting High School
public Grades 9-12
Orting School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 114 - Orting

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