201 2nd Place SE, Pacific, WA 98047
- $745,000
- 2,624
- SqFt
Listing courtesy of Northmarq Multifamily, LLC.
- List Price
- $745,000
- Status
- ACTIVE
- MLS#
- 2579494
- Days on Market
- 0
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 2,624
- Area Total SqFt
- 2624
- Annual Tax Ammount
- 7836
- Lot Size (sq ft)
- 11,200
- Sewer
- Sewer Connected
Property Description
Well-maintained, turn-key triplex with individual garages and over $150,000 in recent capital improvements — creating a low-maintenance, easy-to-manage investment opportunity. Major upgrades include a new roof, paved parking lot, new water heaters, exterior paint, new fencing, washer/dryers, and high-end interior renovations. Each spacious unit features 2 bedrooms and 1 bathroom with private covered decks or patios. Rents are currently below market, offering investors clear upside potential. The property also includes a fully fenced yard for tenant enjoyment, and the sale comes with the additional lot behind the building that the owner acquired last year.
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Additional Information
- List Date
- 2026-09-08 19:19:11
- Community
- Auburn
- Net Operating Income
- $38,947
- Gross Adjusted Income
- $59,760
- Gross Scheduled Income
- $59,760
- Total Monthly Income
- $4,980
- Insurance Expenses
- $3,131
- Water/Sewer/Garbage Expenses
- $9,847
- Gross Rent Multiplier
- 12.5
- Total Expenses
- $20,814
- Cap Rate
- 5.2
- Total Number of Units
- 3
- Unit Name
- 201
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1980
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully, Patio
- Energy Source
- Electric
- School District
- Auburn
- Total Monthly Income
- $4,980
- Gross Scheduled Income
- $59,760
- Gross Adjusted Income
- $59,760
- Tax Year
- 2025
- Insurance Expense
- $3,131
- W/S/G Expenses
- $9,847
- Total Expenses
- $20,814
- Net Operating Income
- $38,947
- Gross Rent Multiplier
- 12.5
- Cap Rate
- 5.2
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.