Sold

Listed by: Northmarq Commercial, LLC

Bought with: Northmarq Commercial, LLC

$5,900,000

142 - 284 Arcadia Terrace, Port Townsend, WA 98368

--beds

--baths

24,000sqft

Multi Family

Built in 1997

-- sqft lot

$4,691,100 Zestimate^®

$246/sqft

$2,000 Estimated rent

Home value

$4,691,100

$3.52M - $6.15M

$2,000/mo

Zestimate^® history

Owner options

List your home for rent

$2,000/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,000/mo

Rent Zestimate^®

Refinance and save

$35,572/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$35,572/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Cement patioSpacious interiorsNew kitchen cabinetsMill workAttached spacious garageParcel numberStabilized vacancy rate

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.

Facts & features

Interior

Heating

Forced Air, Electric

Cooling

Forced Air

Features

Flooring: Laminate, Vinyl, Vinyl Plank, Carpet
Has fireplace: No

Interior area

Total structure area: 24,000
Total interior livable area: 24,000 sqft

Property

Parking

Total spaces: 38
Parking features: Open
Covered spaces: 24
Uncovered spaces: 14

Features

Patio & porch: Laminate Hardwood, Wall to Wall Carpet

Lot

Size: 4.25 Acres
Features: Dead End Street, Open Lot, Paved

Details

Parcel number: 931100602
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Composition

Condition

Year built: 1997
Major remodel year: 2021

Utilities & green energy

Sewer: Septic Tank

Community & neighborhood

Location

Region: Pt Townsend
Subdivision: South of Port Townsend

Other

Other facts

Listing terms: Conventional,Rehab Loan
Cumulative days on market: 809 days

Price history

Date	Event	Price
5/17/2024	Sold	$5,900,000-5.6%$246/sqft
Source: NWMLS as distributed by MLS GRID #2173044 Report a problem
2/23/2024	Pending sale	$6,250,000$260/sqft
Source: NWMLS as distributed by MLS GRID #2173044 Report a problem
10/19/2023	Listed for sale	$6,250,000$260/sqft
Source: NWMLS as distributed by MLS GRID #2173044 Report a problem