About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

605 S Sequim Ave, Sequim, WA 98382

$1,477,000

Last sold 05/04/2023 for $1.32M

—
bed
—
bath
7,132
Sqft ($186/Sqft)

House not for sale

About 605 S Sequim Ave

Property type House

Neighborhood

Year built 1968

HOA fee $0/month

Lot size 0.39 Acre

Movoto estimate

Property description

14 unit apartment building in central location in Sequim. Fully leased with an average lease of $805/month, totaling $11,275/month. Seller added trusses and a pitched roof. Seller paid $1,561/month in utilities and $926/month in taxes/insurance in 2022. Commercial grade, coin operated washers and dryers for occupants. Each apartment has secured storage units on lower level. Plenty of parking - 22 spaces on site. Walking distance to shopping, schools, post office, coffee, etc.

Listed by

Listing Agent - Michael McAleer

Listing Office - RE/MAX Prime

Source: NWMLS

MLS#2063526 • last updated 3 years ago

Movoto checked NWMLS for data 12 minutes ago

Overview
Cooling/AC	None
Heating	Baseboard
Levels/Style	Multi Family
MLS #	2063526
SubType	Multi-Family
Type	Residential Income
SqFt	7132
Status	Sold
Lot Size (SqFt)	16988
Lot Size (Acres)	0.39
Property Tax	926
Buying Office	ZNonMember-Office-MLS
Year Built	1968
Buying Office Phone	425-820-9200

Exterior
Roof	Composition
# Open Parking Spaces	22
# Parking Spaces	22
# Uncovered Spaces	22

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Sequim
Water Company	City Of Sequim
Power Company	Clallam PUD
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry

Location
County	Clallam
Subdivision	Sequim
Area	916 - Southeast Sequim
Elementary School	Buyer To Verify
Middle School	Sequim Mid
High School District	Sequim
High School	Sequim Snr High
APN	33019440075
Directions	From E Washington St Take S Sequim Ave To Property On The Right Just Past W Hemlock St
Zoning	Multi-Family

Multifamily Details
Net Operating Income	8788
Capitalization Rate	6
Gross Scheduled Income	11275
Gross Adjusted Income	11275
Total Expenses	2487
Gross Rent Multiplier	123
Nwm_Totalmonthlyincome	11275

Lot/ Land Details
Site Features	Fenced-Partially

$1.47M

Range: $1.34M-$1.6M

Last 30 days

Rental est.: $1,598/month

• Gross rent multiplier: 69.1

Lower your payment with the loan terms that fit you.

May 2023
Public Records
May 19, 2023 Sold
$1,325,000
May 2023
MLS # 2063526
May 19, 2023 Sold
$1,325,000 (-4.7%)
May 4, 2023 Pending
—
May 3, 2023 Listed
$1,390,000

Year Property taxes Tax assessment
2024
$9,020 -0.7%

$1,228,550 +5.86%
2023
$9,080 +88.4%

$1,160,550 +122.55%
2022
$4,821 +11.3%

$521,477 +13.07%
2021
$4,329 -10.5%

$461,207
2020
$4,835

$461,207

605 S Sequim Ave
$1.32M
916 - Southeast Sequim
—
98382
$549K -12% y/y
Sequim
$549K -12% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
133 W Hammond St, Sequim, WA 98382	$334,000	3/2	975	0.09
127 1/2 W Hammond St, Sequim, WA 98382	$337,000	2/2	896	0.09
143 W Hammond St, Sequim, WA 98382	$338,000	3/1	937	0.09
167 W Hammond St, Sequim, WA 98382	$427,000	3/2	1,584	0.09
439 S Sequim Ave, Sequim, WA 98382	$385,000	2/1	936	0.11
134 W Hammond St, Sequim, WA 98382	$371,000	2/—	1,266	0.11
126 W Hammond St, Sequim, WA 98382	$433,000	2/—	1,110	0.11
187 W Hammond St, Sequim, WA 98382	$440,000	2/1	1,521	0.11

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.