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142 - 284 Arcadia Terrace Port Townsend, WA $ 6,250,000
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142 - 284 Arcadia Terrace
$ 6,250,000
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142 - 284 Arcadia Terrace

Port Townsend, WA, 98368
$ 6,250,000
Baths0.0 Sq 24,000

Monthly Estimate*

$ 43,658

Listed by Northmarq Commercial, LLC
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View a Virtual Tour
Studio

Multi-Family Home for sale in Port Townsend, WA

for $6,250,000. This 24,000 square foot home was built in 1997 on a lot size of 4.25.

Northmarq is proud to present the Salish Gardens for sale. Renovated two bed/one bath units with garage and in unit laundry. 6.63% Cap Rate in Place. It is comprised of 12 duplex buildings, each with their own tax parcel number. The units boast a partially fenced back yard with a greenbelt backdrop, cement patio, and attached spacious garage. The freshly renovated, spacious interiors include new kitchen cabinets, quartz CT, stainless steel appliances, side by side WDs in a laundry room, flooring, doors, mill work, lighting, and more. Salish Gardens is located in an area with a stabilized vacancy rate that is below the submarket pre-pandemic average, and has seen significant rent growth along with a surge in investor interest.

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Multi-Family Pending

Price

$ 6,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 27,959

Style

10+ Units

Lot Size

4.25

Year Built

1997

Town/City

Port Townsend

County/Region

Jefferson

MLS | Web ID

2173044
Features
General
Interior Features Laminate Hardwood Wall to Wall Carpet
Sewer Septic Tank
Heating Forced Air
Cooling Forced Air
Possession Closing
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1997
Property SubType Multi-Family
Tax Year 2023
Building Name Salish Gardens
County Jefferson
Net Operating Income 414144
Insurance Expense 4141
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name South of Port Townsend
Possible Use Multi-Family
Special Listing Conditions None
Status Pending Inspection
Directions From S. Discovery Road turn NW on Arcadia Rd. Continue to Arcadia Terrace.
City Port Townsend
Buyer Agent Compensation 1.5
View Y/N N
Senior Community Y/N N
High School District Port Townsend #50
Open Parking Spaces 14
Total Units 24
MLS Area 482 - South Port Townsend
Lot Size Square Feet 185130
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Arcadia
Listing Terms Cash Out Conventional Rehab Loan
Tax Annual Amount 27959
Electric Expense 0
Fuel Expense 0
Public Remarks Northmarq is proud to present the Salish Gardens for sale. Renovated two bed/one bath units with garage and in unit laundry. 6.63% Cap Rate in Place. It is comprised of 12 duplex buildings each with
Leasable Area 24000
Virtual Tour https://my.matterport.com/show/?m=GvmW7Tgmg4U&mls=1
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Units Below Grade false
Units In Building Total 24
Zoning Class Multi-Family
Water Sewer Garbage 13902
Property Style 56 - 10+ Units
Cap Rate 6.63
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Interior
Flooring Laminate Vinyl Vinyl Plank Carpet
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Terrace
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Dead End Street Open Space Paved
Total Parking 38
Building Area Total 24000
Lot Size Acres 4.25
Lot Size Units Square Feet
Covered Spaces 24
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 14
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Internal Only
OriginalMLSID NWM2173044
Street Number 1 142
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* Excluded Features
List By
Steve Fischer

Listing Agent

Northmarq Commercial, Llc

Broker

Affordability Calculator

$45,988
Per Month
95%
5%
0%
Monthly Principal & Interest
$43,658
Monthly Property Taxes
$2,330
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256808 Elementary School
257776 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/19/2023$6,250,000 Listed Price

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142 - 284 Arcadia Terrace, Port Townsend, WA, 98368 is a Multi-Family Home for sale at $6,250,000 with 24,000 sqft and a lot size of 4.25. 142 - 284 Arcadia Terrace is a studio with 0.0 baths and was built in 1997. The property's zip code is 98368 which is in Port Townsend, WA

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