515 Roe Street Steilacoom, WA $ 549,000
515 Roe Street
$ 549,000
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515 Roe Street

Steilacoom, WA, 98388
$ 549,000
Bedrooms4 Baths2.0 Sq 1,664

Monthly Estimate*

$ 3,466

Listed by Keller Williams West Sound
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Multi-Family Home for sale in Steilacoom, WA

for $549,000 with 4 bedrooms and 2 full baths. This 1,664 square foot home was built in 1965 on a lot size of 0.2209.

Investment opportunity in desirable Steilacoom! Single-level duplex offering 1664 total sq. ft on a generous corner lot. Strong rental history with potential for increased rental income make this an appealing property for investors or an owner-occupant looking to combine homeownership with the benefits of a multi-family property. Each residence offers well maintained, updated & functional living spaces each with 2 beds and 1 bath and approximately 832 sq ft, separate entrances and fenced outdoor areas complemented by an attractive landscaping and covered parking. Conveniently located near historic downtown Steilacoom, schools, parks and amenities with easy access to JBLM, Lakewood and major employment centers. A compelling opportunity to acquire a residential income property in a sought-after community where multi-family offerings are limited. Strong rental history. Investor prospectus available upon request. One vacant unit is available for scheduled showings. The occupied unit may be viewed following mutual acceptance. Adjacent duplex is also available, 2707 Lexington, MLS#2573516, creating the opportunity for a 4-unit investment package with strong income potential and exceptional long-term upside.

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Multi-Family Active

Price

$ 549,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,041

Style

Duplex

Lot Size

0.2209

Year Built

1965

Town/City

Steilacoom

County/Region

Pierce

MLS | Web ID

2573527

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Partially Fenced
Year Built 1965
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 26066
Insurance Expense 867
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Steilacoom
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From I-5 take exit 125/Bridgeport Way toward Steilacoom. Follow Bridgeport Way to Steilacoom Blvd SW turn west then left on Rigney Rd. Rigney becomes Roe St. Property on left at 515 Roe St.
High School Buyer To Verify
City Steilacoom
Senior Community Y/N N
High School District Steilacoom Historica
Zoning Description Multi-Family
Number Of Units Total 2
MLS Area 43 - Steilacoom
Lot Size Units Square Feet
Lot Size Square Feet 9622
Carport Spaces 2
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 4041
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Property Condition Good
Public Remarks Investment opportunity in desirable Steilacoom! Single-level duplex offering 1664 total sq. ft on a generous corner lot. Strong rental history with potential for increased rental income make this an
Leasable Area 1664
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage
Water Company Steilacoom Public Works
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 4.74
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Exterior
Exterior Amenities Brick Wood Wood Products
Lot Features Corner Lot Paved
Water Source Public
Total Parking 4
Foundation Details Slab
Building Area Total 1664
Lot Size Acres 0.2209
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially Patio
Parking Uncovered Total 2
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Interior
Flooring Ceramic Tile Laminate
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
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 NWM2573527
Street Number 1 515
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* Excluded Features
List By
Lisa Sisk

Listing Agent

Keller Williams West Sound

Broker

Affordability Calculator

$3,803
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,466
Monthly Property Taxes
$337
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3100375 Elementary School
3100218 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2026$549,000 Listed Price

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515 Roe Street, Steilacoom, WA, 98388 is a Multi-Family Home for sale at $549,000 with 1,664 sqft and a lot size of 0.2209. 515 Roe Street has 4 bedrooms, 2.0 baths, and was built in 1965. The property's zip code is 98388 which is in Steilacoom, WA