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703 705 3rd St, Steilacoom, WA 98388

$657,000

Last sold 06/08/2022 for $625K

—
bed
—
bath

House not for sale

About 703 705 3rd St

Property type House

Neighborhood

Year built 1967

HOA fee $0/month

Lot size 0.4 Acre

Movoto estimate

Property description

Rare opportunity to invest in this single-level duplex in the heart of Steilacoom just 1/3 mile to Saltar's Point Beach. Each unit has 2 BR, 1.5 BA, updated kitchen with white cabinetry, spacious living room, large backyard, and slider doors to the backyard patios. There are 2 garages - one is shared by both units with 2 separate laundry hookups. The other garage is for Unit 703 and has been partially converted to family room space. Currently owner occupied on one side, long-term tenant in other side is month-to-month with significantly under market rent.

Listed by

Listing Agent - Tracie Balado

Listing Office - eXp Realty

Source: NWMLS

MLS#1923980 • last updated 2 years ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Duplex
MLS #	1923980
SubType	Multi-Family
Type	Residential Income
Status	Sold
Lot Size (SqFt)	17424
Lot Size (Acres)	0.4
Property Tax	5490
Buying Office	CENTURY 21 North Homes Realty
Year Built	1967
Buying Office Phone	253-564-6211
Condition	Good

Interior

Exterior
Roof	Composition
# Open Parking Spaces	4
# Covered Spaces	3
# Parking Spaces	7
# Uncovered Spaces	4
Exterior Features	Brick

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric
Security Features	FullyFenced

Location
County	Pierce
Subdivision	Steilacoom
Area	43 - Steilacoom
Elementary School	Buyer To Verify
Middle School	Buyer To Verify
High School District	Steilacoom Historica
High School	Buyer To Verify
APN	2990002130
Directions	Union To Gove Then Left On 3rd.

Multifamily Details
Net Operating Income	5610
Capitalization Rate	0.8
Expense: Insurance	1200
Gross Scheduled Income	15600
Gross Adjusted Income	15600
Total Expenses	9990
Gross Rent Multiplier	44.23
Nwm_Totalmonthlyincome	15600

Lot/ Land Details
Site Features	Fenced-Partially, Outbuildings, Patio

$657K

Range: $565K-$748K

Last 30 days

Rental est.: $1,955/month

• Gross rent multiplier: 26.6

Lower your payment with the loan terms that fit you.

Jun 2022
Public Records
Jun 8, 2022 Sold
$625,000
Jun 2022
MLS # 1923980
Jun 8, 2022 Sold
$625,000 (-9.4%)
May 9, 2022 Pending
—
May 4, 2022 Listed
$690,000 (+76.9%)
Jul 2007
Public Records
Jul 18, 2007 Sold
$389,950
Jul 2007
MLS # 26181748
Jul 18, 2007 Sold
$389,950
Oct 31, 2006 Listed
$389,950 (+54.4%)
Apr 2004
Public Records
Apr 29, 2004 Sold
$252,500 (+28.8%)
Feb 2003
Public Records
Feb 27, 2003 Sold
$196,000
Feb 2003
MLS # 23016475
Feb 27, 2003 Sold
$196,000 (-8.8%)
Feb 1, 2003 Listed
$215,000

Year Property taxes Tax assessment
2025
$6,128 +6.0%

$723,200 +7.73%
2024
$5,783 -1.8%

$671,300 -2.53%
2023
$5,887 +3.4%

$688,700 +20.11%
2022
$5,692 +3.7%

$573,400 +12.59%
2021
$5,490 +20.4%

$509,300 +13.99%
2019
$4,560 -9.8%

$446,800 +8.58%
2018
$5,059 +13.5%

$411,500 +3.52%
2017
$4,457 +6.7%

$397,500 +17.99%
2015
$4,176

$336,900

703 705 3rd St
$625K
43 - Steilacoom
—
98388
$632K -15% y/y
Steilacoom
$641K -14% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
308 Wallace St, Steilacoom, WA 98388	$850,000	3/2	2,199	0.02
715 3rd St #717, Steilacoom, WA 98388	$225,000	—/—	—	0.03
615 3rd St, Steilacoom, WA 98388	$862,000	3/2	2,238	0.03
314 Wallace St, Steilacoom, WA 98388	$901,000	4/2	2,564	0.03
702 3rd St, Steilacoom, WA 98388	$441,000	2/1	721	0.03
704 3rd St, Steilacoom, WA 98388	$645,000	3/—	1,446	0.04
309 Wallace St, Steilacoom, WA 98388	$833,000	3/2	2,086	0.04
710 3rd St, Steilacoom, WA 98388	$375,000	1/1	396	0.04

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