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$300,000
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Property Description
Exciting investment opportunity! This expansive .40-acre corner lot is primed for redevelopment, offering endless potential for multifamily units. Zoned for single-family, RML and light industrial, this property provides multiple lucrative building options (details available through your agent). The existing 3-bed, 2-bath home with a detached shop has been in the same family since 1964 and, while in need of a rehab, could still serve as a charming single-family residence. However, the true value lies in maximizing the lot's potential for multifamily development-a smart move in this growing neighborhood. Don't miss this chance to turn vision into profit! CASH ONLY. Buyer to investigate all info. Call your agent directly for info.
Full Property Details
Full Property Details for 503 1st Ave E
General
- Sold For: $300,000
- Taxes: $4,286 (2025)
- Status: Closed
- Type: Single Family
- Source: NWMLS
- MLS ID: 2342993
- Added to Site: 349 day(s) ago
Interior
- Interior Features: Bath Off Primary, Dining Room, Water Heater
- Appliances: Refrigerator(s), Stove(s)/Range(s)
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
- Main Floor Baths: 2
- Main - 3/4 Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main: 3
Additional Information
- Amenities: Outbuildings, Shop
Parking
- Parking Features: Driveway, Off Street
Location
- Area: 310 - Auburn
- County: King
- Subdivision: Pacific
- Driving Directions: Follow your gps.
School Information
- High School District: Auburn
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard
- Water Heater: Electric
Utilities
- Sewer: Sewer Connected
- Water: Public
Structural Information
- Structure Type: House
- Exterior Const.: Wood
- Basement Desc.: None
- Roof: Composition
- Entry Location: Main
- Square Feet: 1,250
- Living Area: 1,250 Sq. Ft.
- Finished Total: 1,250 Sq. Ft.
- Year Built: 1964
- Property Condition: Fixer
Lot Features
- Lot Size (Acres): 0.3996
- Lot Size (Sq. Ft.): 17,406
- Lot Size Source: 17406
- Topography: Level
- Lot Features: Corner Lot, Paved
- Trees/Vegetation: Fruit Trees
Financial Considerations
- Tax Amount: $4,286
- Tax Year: 2025
- Terms: Cash Out
Disclosures and Reports
- Special Conditions: None
- Inclusions: Refrigerator(s), Stove(s)/Range(s)
- Property ID: 3354400460
Listed by Kari Roberts | Windermere RE West Campus Inc | (253) 838-7900
Sold by Nataliya Salo | Windermere Real Estate/PSK Inc
Get Pre-Approved Today
Schools
Schools serving 503 1st Ave E
School District:Auburn School District
| Name | Grades | Distance |
|---|---|---|
Ilalko Elementary School 301 Oravetz Place Southeast, Auburn, WA 98092 | PK-5 | 0.7 mi |
Mt Baker Middle School 620 37th Street Southeast, Auburn, WA 98002 | 6-8 | 1 mi |
Auburn Riverside High School 501 Oravetz Road Southeast, Auburn, WA 98092 | 9-12 | 0.8 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 503 1st Ave E
Date
Details
Price
Change
Source
7/07/2025
Sold
$300,000
-20%
MLS
6/02/2025
Price Reduced
$375,000
-6.24%
MLS
5/14/2025
Price Reduced
$399,950
-10.12%
MLS
3/13/2025
Listed
$445,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
503 1st Avenue E, Pacific, WA 98047 (MLS# 2342993) is a Single Family property that was sold at $300,000 on July 07, 2025. Want to learn more about 503 1st Avenue E? Do you have questions about finding other Single Family real estate for sale in Pacific? You can browse all Pacific real estate or contact a Coldwell Banker agent to request more information.

