814 5th St Steilacoom, WA $ 1,875,000
814 5th St
$ 1,875,000
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814 5th St

Steilacoom, WA, 98388
$ 1,875,000
Baths0.0 Sq 5,312

Monthly Estimate*

$ 11,545

Listed by Coldwell Banker Danforth
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Studio

Multi-Family Home for sale in Steilacoom, WA

for $1,875,000. This 5,312 square foot home was built in 1970 on a lot size of 0.8854.

GREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close to Fort Steilacoom Park & just a 10 minute drive to Chambers Bay Golf. This Prime location is also close to Lakewood, University Place & McChord Air Force Base, in a quiet and quaint neighborhood within the Historic little town of Steilacoom. Duplex-style architecture, yet the property was developed as Condo Units in 2008 and has always been owned by a single investor versus 3 or 6 investors ... Current owner considering breaking into 3 Duplex Units if not sold to one investor who wants to own and manage the whole property with all 6-units, so don’t delay if you want to own all 6 in this great location! Updated roofs, windows, stainless appliances including W/D & microwaves in each unit, vinyl plank flooring, mini-split heat & A/C, + each unit has a deck w/ storage unit. 6 tax parcels for PSA. PLEASE Do Not Disturb Tenants! Access to interiors upon mutual acceptance on an acceptable PSA. 3-D Tour uploaded + Tour Video. Fidelity T&E.

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Multi-Family Active

Price

$ 1,875,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 14,177

Style

5-9 Units

Lot Size

0.8854

Year Built

1970

Town/City

Steilacoom

County/Region

Pierce

MLS | Web ID

2486221

Features
General
Living Area 0
Sewer Sewer Connected
Heating Ductless Wall Unit(s)
Cooling Ductless
Possession Subject to Tenant Rights
Roof Composition Torch Down
HOA Fee 0
Garage Spaces 0
Year Built 1970
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 120200
Insurance Expense 5423
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Saltars Point
Special Listing Conditions None
Status Active
Directions GPS will take you there please do NOT disturb Tenants!
City Steilacoom
Senior Community Y/N N
High School District Steilacoom Historica
Number Of Units Total 6
MLS Area 43 - Steilacoom
Lot Size Units Square Feet
Lot Size Square Feet 38570
Carport Spaces 0
Carport Y/N N
Listing Terms Cash
Tax Annual Amount 14177
Electric Expense 0
Fuel Expense 0
Property Condition Updated/Remodeled
Public Remarks GREAT INVESTMENT FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics fresh salt air & more. Also close
Leasable Area 5312
Virtual Tour https://www.zillow.com/view-imx/66701eb4-ab24-419c-bfc5-b195197c3d46/?utm_source=captureapp
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage
Water Company Town of Steilacoom
Units Below Grade false
Units In Building Total 6
Water Sewer Garbage 8400
Property Style 55 - 5-9 Units
Cap Rate 6.4
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Paved
Building Area Total 5312
Lot Size Acres 0.8854
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck Outbuildings
Parking Uncovered Total 12
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Interior
Flooring Vinyl Plank
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2486221
Street Number 1 814
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* Excluded Features
List By
Heidi Bright

Listing Agent

Coldwell Banker Danforth

Broker

Affordability Calculator

$12,726
Per Month
91%
9%
0%
Monthly Principal & Interest
$11,545
Monthly Property Taxes
$1,181
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
258352 Elementary School
257753 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2026$1,875,000 Listed Price

Map


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814 5th St, Steilacoom, WA, 98388 is a Multi-Family Home for sale at $1,875,000 with 5,312 sqft and a lot size of 0.8854. 814 5th St is a studio with 0.0 baths and was built in 1970. The property's zip code is 98388 which is in Steilacoom, WA