Sold

Listed by: Paramount Real Estate Group • Janet Lovett

Bought with: Windermere Abode

$560,000

150 NE State Route 300, Belfair, WA 98528

8beds

4baths

3,504sqft

Quadruplex, Multi Family

Built in 1970

-- sqft lot

$552,900 Zestimate^®

$160/sqft

$1,768 Estimated rent

Home value

$552,900

$470,000 - $652,000

$1,768/mo

Zestimate^® history

Owner options

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$1,768/mo

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$1,768/mo

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$3,496/mo

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$3,496/mo

Est. payment

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What's special

Functional layoutsBrand-new roof

Fantastic investment opportunity in the heart of Belfair! This well-located 4-plex offers four spacious 2-bed, 1-bath units, is connected to sewer, and features a brand-new roof installed in Summer 2025. The property needs some TLC, making it ideal for investors looking to add value and increase long-term returns. Units offer functional layouts and solid rental potential in a high-demand market. Centrally located near schools, shopping, Highway 3, and local amenities. A rare chance to acquire multifamily housing in Belfair with strong upside.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Laminate, Vinyl, Carpet
Has fireplace: No

Interior area

Total structure area: 3,504
Total interior livable area: 3,504 sqft

Property

Parking

Total spaces: 4
Parking features: Open
Uncovered spaces: 4

Features

Has view: Yes
View description: Territorial

Lot

Size: 0.33 Acres
Features: Dead End Street, Open Lot, Paved, Cable TV, Deck, Fenced-Partially

Details

Parcel number: 123294190102
Zoning description: Jurisdiction: County
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family

Materials

Wood Siding, Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Fixer
Year built: 1970
Major remodel year: 1970

Utilities & green energy

Electric: Company: PSE
Sewer: Sewer Connected, Company: Mason County PUD
Water: Public, Company: Mason County PUD
Utilities for property: Buyer To Verify, Buyer To Verify

Community & HOA

Community

Subdivision: Belfair

Location

Region: Belfair

Financial & listing details

Price per square foot: $160/sqft
Tax assessed value: $473,135
Annual tax amount: $3,641
Date on market: 3/15/2026
Cumulative days on market: 129 days
Listing terms: Conventional

Price history

Date	Event	Price
2/20/2026	Sold	$560,000+3.9%$160/sqft
Source: NWMLS as distributed by MLS GRID #2458130 Report a problem
12/8/2025	Pending sale	$539,000$154/sqft
Source: NWMLS as distributed by MLS GRID #2458130 Report a problem
11/30/2025	Listed for sale	$539,000$154/sqft
Source: NWMLS as distributed by MLS GRID #2458130 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,273 -10.1%	$473,135 -1.6%
2024	$3,641 +4.8%	$480,710 +50.2%
2023	$3,474 +30%	$320,095 +14.3%
2022	$2,672 +4.6%	$279,940 0%
2021	$2,555 +1.9%	$280,025 +2.5%
2020	$2,507 -17.1%	$273,135 -6.9%
2018	$3,026 -1.1%	$293,260
2017	$3,058 -10.3%	$293,260 +2%
2016	$3,409 +4.3%	$287,495
2015	$3,268 +0.8%	$287,495 +13.1%
2014	$3,241	$254,245 +4.4%
2013	$3,241	$243,440 -6.2%
2012	--	$259,640 -4%
2011	--	$270,490
2010	--	$270,490 +15.4%
2009	--	$234,490

Find assessor info on the county website

Neighborhood: 98528

Nearby homes

Nearby schools

GreatSchools rating

4/10
Belfair Elementary School
Grades: PK-5Distance: 1 mi
4/10
Hawkins Middle School
Grades: 6-8Distance: 2.7 mi
3/10
North Mason Senior High School
Grades: 9-12Distance: 2.7 mi

Schools provided by the listing agent

Middle: Hawkins Mid
High: North Mason Snr High

Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.