1532 W Sims Way, Port Townsend, WA 98368 - Photo 1

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1/19

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$1,750,000

For Sale
Active
Multi-Family

Listed by Steven E Kraght | John L. Scott, Inc. | (360) 779-7555

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Property Description

The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.

Full Property Details

Full Property Details for 1532 W Sims Way

General

Price: $1,750,000
Taxes: $9,554 (2023)
Status: Active
Type: Multi-Family
Source: NWMLS
MLS ID: 2043549
Updated: 11/21/2024
Added to Site: 742 day(s) ago

Interior

Interior Features: Laminate, Wall to Wall Carpet
Flooring: Laminate, Carpet

Additional Information

Amenities: Cable TV, Deck, Outbuildings

Parking

Uncovered Spaces: 15

Location

Area: 480 - Port Townsend
County: Jefferson
Subdivision: Port Townsend
Driving Directions: 1532 W. Sims Way

School Information

High School District: Port Townsend #50

Heating & Cooling

Cooling Type: None
Heating Type: Wall Unit(s)

Utilities

Sewer: Sewer Connected
Water: Public

Structural Information

Structure Type: Multi Family
Exterior Const.: Wood
Foundation: Poured Concrete
Roof: Metal
Stories in Building: 2
Square Feet: 7,468
Aprox. Leasable: 7,468 Sq. Ft.
Year Built: 1948
Property Condition: Very Good

Unit Information

Units in Building: 8

Lot Features

Property View: City, Mountain(s), Sound, Strait
Lot Size (Acres): 0.62
Lot Size (Sq. Ft.): 27,007
Lot Size Source: Public Records
Lot Dimensions: 100 x 270
Lot Features: Paved
Zoning: Commercial

Financial Considerations

Tax Amount: $9,554
Tax Year: 2023
Terms: Cash Out, Owner Financing, See Remarks

Disclosures and Reports

Special Conditions: None
Property ID: 948325101

Listed by Steven E Kraght | John L. Scott, Inc. | (360) 779-7555

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Schools

Schools serving 1532 W Sims Way

School District:Port Townsend School District

Name	Grades	Distance
Grant Street Elementary School 1637 Grant St, Port Townsend, WA 98368	PK-5	0.6 mi
Blue Heron Middle School 3939 San Juan Ave, Port Townsend, WA 98368	6-8	1.9 mi
Port Townsend High School 1500 Van Ness St, Port Townsend, WA 98368	9-12	1.6 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1532 W Sims Way Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/21/2024

Price Increased

$1,750,000

4.48%

MLS

9/04/2024

Price Reduced

$1,675,000

-4.29%

MLS

8/22/2023

Price Reduced

$1,750,000

-22.22%

MLS

3/09/2023

Listed

$2,250,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1532 W Sims Way

Year

Property Taxes

Change

Tax Assessment

Change

2023

$9,951

$1,109,534

2023

$9,197

—

$1,081,027

10%

2023

$9,197

-7%

$985,953

—

2021

$9,905

-3%

$985,953

—

2020

$10,160

101%

$985,953

86%

2019

$5,048

-10%

$531,440

2018

$5,640

$519,140

—

2017

$5,280

$519,140

—

2016

$5,076

-1%

$519,140

—

2015

$5,118

-3%

$519,140

—

2014

$5,277

—

$519,140

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 1532 W Sims Way

1532 W Sims Way, Port Townsend, WA 98368 (MLS# 2043549) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 1532 W Sims Way is currently listed for $1,750,000 and was received on March 09, 2023. Want to learn more about 1532 W Sims Way? Do you have questions about finding other Multi-Family real estate for sale in Port Townsend? You can browse all Port Townsend real estate or contact a Coldwell Banker agent to request more information.

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1532 W Sims Way Port Townsend, WA 98368