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$950,000

  • Sold
  • Closed
  • Multi-Family

Listed by Taylor Wyman | Northmarq Multifamily, LLC | (952) 356-0100
Sold by Mike Garrett | Marketplace Sotheby's Intl Rty

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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.

Full Property Details for 218 3rd Ave SW

General

  • Sold For: $950,000
  • Taxes: $6,980 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2354811
  • Added to Site: 291 day(s) ago

Interior

  • Flooring: Vinyl Plank

Additional Information

  • Amenities: Cable TV, Fenced-Partially
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 8

Location

  • Area: 310 - Auburn
  • County: King
  • Subdivision: Pacific
  • Driving 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

School Information

  • High School District: Auburn

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 2,492
  • Aprox. Leasable: 2,464 Sq. Ft.
  • Year Built: 1984
  • Property Condition: Good

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size (Acres): 0.2755
  • Lot Size (Sq. Ft.): 12,000
  • Lot Size Source: King County
  • Lot Features: Corner Lot, Dead End Street, Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $6,980
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, Owner Financing

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 3353401252

Listed by Taylor Wyman | Northmarq Multifamily, LLC | (952) 356-0100
Sold by Mike Garrett | Marketplace Sotheby's Intl Rty

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NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 218 3rd Ave SW

School District:Auburn School District
NameGradesDistance
Alpac Elementary School
310 Milwaukee Boulevard North, Pacific, WA 98047
PK-50.5 mi
Olympic Middle School, Auburn, WA
839 21st Street Southeast, Auburn, WA 98002
6-82.5 mi
Auburn Riverside High School
501 Oravetz Road Southeast, Auburn, WA 98092
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 218 3rd Ave SW

Date
Details
Price
Change
Source
5/30/2025
Sold
$950,000
—
MLS
4/03/2025
Listed
$950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Taylor Wyman | Northmarq Multifamily, LLC | (952) 356-0100
Sold by Mike Garrett | Marketplace Sotheby's Intl Rty

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218 3rd Avenue SW, Pacific, WA 98047 (MLS# 2354811) is a Multi-Family property that was sold at $950,000 on May 30, 2025. Want to learn more about 218 3rd Avenue SW? Do you have questions about finding other Multi-Family real estate for sale in Pacific? You can browse all Pacific real estate or contact a Coldwell Banker agent to request more information.