SELLER FINANCING! Seller will finance up to 75% of the purchase price at 5.5% interest-only for up to 5 years. Renovated 4-plex in Pacific, WA featuring four 2 bed / 1 bath units with updated interiors, including new cabinets, appliances, countertops, flooring, paint, and trim. Built in 1984, the building is well maintained and includes brand new commercial laundry, off-street parking for 8 vehicles, and a private, landscaped yard space for tenant use. Current rents average $1,394 per unit plus a $150 utility fee. Located on a quiet residential street with convenient access to Hwy 167, Auburn, Sumner, and nearby employers. A great fit for both investors seeking solid cash flow and buyers looking to live in one unit while renting the others.
Sold
Listed by: Northmarq Multifamily, LLC • Taylor Wyman
Bought with: Marketplace Sotheby's Intl Rty
$950,000
218 3rd Avenue SW, Pacific, WA 98047
8beds
4baths
2,492sqft
Quadruplex, Multi Family
Built in 1984
-- sqft lot
$921,200 Zestimate®
$381/sqft
$2,391 Estimated rent
Home value
$921,200
$848,000 - $1.00M
$2,391/mo
Zestimate® history
Owner options
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$2,391/mo
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$2,391/mo
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$5,761/mo
Est. payment
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$5,761/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Taylor Wyman,
Northmarq Multifamily, LLC
Bought with:
Mike Garrett, 24763
Marketplace Sotheby's Intl Rty
Source: NWMLS as distributed by MLS GRID,MLS#: 2354811
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Electric
Cooling
- Wall Unit(s)
Features
- Flooring: Vinyl Plank
- Has fireplace: No
Interior area
- Total structure area: 2,492
- Total interior livable area: 2,492 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Lot
- Size: 0.28 Acres
- Features: Corner Lot, Dead End Street, Paved, Cable TV, Fenced-Partially
Details
- Parcel number: 3353401252
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1984
- Major remodel year: 2018
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Pacific
- Water: Public, Company: City of Pacific
Community & HOA
Community
- Subdivision: Pacific
Location
- Region: Pacific
Financial & listing details
- Price per square foot: $381/sqft
- Tax assessed value: $630,000
- Annual tax amount: $6,980
- Date on market: 6/21/2025
- Cumulative days on market: 396 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $950,000$381/sqft |
Source:  NWMLS as distributed by MLS GRID #2354811 Report a problem | ||
| 4/25/2025 | Pending sale | $950,000$381/sqft |
Source: NWMLS as distributed by MLS GRID #2354811 Report a problem | ||
| 4/21/2025 | Listed for sale | $950,000$381/sqft |
Source: NWMLS as distributed by MLS GRID #2354811 Report a problem | ||
| 4/10/2025 | Pending sale | $950,000$381/sqft |
Source: NWMLS as distributed by MLS GRID #2354811 Report a problem | ||
| 4/3/2025 | Listed for sale | $950,000+156.8%$381/sqft |
Source: NWMLS as distributed by MLS GRID #2354811 Report a problem | ||
| 4/3/2006 | Sold | $370,000+28.5%$148/sqft |
Source: NWMLS as distributed by MLS GRID #26021506 Report a problem | ||
| 1/20/2005 | Sold | $288,000$116/sqft |
Source: NWMLS as distributed by MLS GRID #24161782 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,622 +9.2% | $630,000 +2.6% |
| 2024 | $6,980 +0.1% | $614,000 +3.5% |
| 2023 | $6,971 +7.6% | $593,000 |
| 2022 | $6,479 -6.7% | $593,000 +7.2% |
| 2021 | $6,947 +4.1% | $553,000 +10.6% |
| 2020 | $6,671 +14.3% | $500,000 +14.4% |
| 2019 | $5,837 +27.5% | $437,000 +12.6% |
| 2018 | $4,577 -14.2% | $388,000 +8.7% |
| 2017 | $5,332 +31.7% | $357,000 -1.4% |
| 2016 | $4,049 | $362,000 +4% |
| 2015 | $4,049 | $348,000 +27% |
| 2014 | $4,049 | $274,000 +3% |
| 2013 | $4,049 | $266,000 -15% |
| 2012 | -- | $313,000 +11.8% |
| 2011 | -- | $280,000 -13% |
| 2010 | -- | $322,000 |
| 2009 | -- | $322,000 +10.7% |
| 2007 | -- | $291,000 +5.8% |
| 2006 | -- | $275,000 +50.3% |
| 2005 | -- | $183,000 +15.8% |
| 2001 | $2,106 +22.7% | $158,000 +27.2% |
| 2000 | $1,716 | $124,200 |
Find assessor info on the county website
Neighborhood: 98047
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Nearby schools
GreatSchools rating
- 6/10Alpac Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Olympic Middle SchoolGrades: 6-8Distance: 2.5 mi
- 6/10Auburn Riverside High SchoolGrades: 9-12Distance: 1.6 mi
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Estimated market value
$921,200
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Estimated market value
$921,200
- Washington
- King County
- Pacific
- 98047
- 218 3rd Avenue SW
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