Exciting investment opportunity! This expansive .40-acre corner lot is primed for redevelopment, offering endless potential for multifamily units. Zoned for single-family, RML and light industrial, this property provides multiple lucrative building options (details available through your agent). The existing 3-bed, 2-bath home with a detached shop has been in the same family since 1964 and, while in need of a rehab, could still serve as a charming single-family residence. However, the true value lies in maximizing the lot’s potential for multifamily development—a smart move in this growing neighborhood. Don’t miss this chance to turn vision into profit! CASH ONLY. Buyer to investigate all info. Call your agent directly for info.
Sold
Listed by: Windermere RE West Campus Inc • Kari Roberts
Bought with: Windermere Real Estate/PSK Inc
$300,000
503 1st Avenue E, Pacific, WA 98047
3beds
1,250sqft
Single Family Residence
Built in 1964
0.4 Acres Lot
$489,200 Zestimate®
$240/sqft
$2,803 Estimated rent
Home value
$489,200
$450,000 - $523,000
$2,803/mo
Zestimate® history
Owner options
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$2,803/mo
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$2,803/mo
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$1,819/mo
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List your homeWhat's special
Detached shopCharming single-family residenceCorner lot
Zillow last checked:
Listing updated:
Listed by:
Kari Roberts,
Windermere RE West Campus Inc
Bought with:
Nataliya Salo, 22015442
Windermere Real Estate/PSK Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2342993
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom full
- Level: Main
Bathroom three quarter
- Level: Main
Dining room
- Level: Main
Entry hall
- Level: Main
Kitchen without eating space
- Level: Main
Living room
- Level: Main
Utility room
- Level: Main
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Refrigerator(s), Stove(s)/Range(s), Water Heater: Electric, Water Heater Location: utility room
Features
- Bath Off Primary, Dining Room
- Flooring: Hardwood
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,250
- Total interior livable area: 1,250 sqft
Property
Parking
- Parking features: Driveway, Off Street
Features
- Levels: One
- Stories: 1
- Entry location: Main
- Patio & porch: Bath Off Primary, Dining Room, Water Heater
Lot
- Size: 0.4 Acres
- Features: Corner Lot, Paved, Outbuildings, Shop
- Topography: Level
- Residential vegetation: Fruit Trees
Details
- Parcel number: 3354400460
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Composition
Condition
- Fixer
- Year built: 1964
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: $240/sqft
- Tax assessed value: $382,000
- Annual tax amount: $4,286
- Date on market: 5/10/2025
- Cumulative days on market: 322 days
- Inclusions: Refrigerator(s), Stove(s)/Range(s)
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2025 | Sold | $300,000-20%$240/sqft |
Source:  NWMLS as distributed by MLS GRID #2342993 Report a problem | ||
| 6/10/2025 | Pending sale | $375,000$300/sqft |
Source: NWMLS as distributed by MLS GRID #2342993 Report a problem | ||
| 6/2/2025 | Price change | $375,000-6.2%$300/sqft |
Source: NWMLS as distributed by MLS GRID #2342993 Report a problem | ||
| 5/14/2025 | Price change | $399,950-10.1%$320/sqft |
Source: NWMLS as distributed by MLS GRID #2342993 Report a problem | ||
| 3/13/2025 | Listed for sale | $445,000$356/sqft |
Source: NWMLS as distributed by MLS GRID #2342993 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,674 +9% | $382,000 +2.4% |
| 2024 | $4,286 +9.1% | $373,000 +13.4% |
| 2023 | $3,929 +1% | $329,000 -6.5% |
| 2022 | $3,891 +11.2% | $352,000 +28.9% |
| 2021 | $3,499 +15.9% | $273,000 +24.1% |
| 2019 | $3,018 +21.8% | $220,000 +7.8% |
| 2018 | $2,479 -12% | $204,000 +10.9% |
| 2017 | $2,817 +38.5% | $184,000 +19.5% |
| 2016 | $2,034 | $154,000 +6.2% |
| 2015 | $2,034 | $145,000 +9% |
| 2014 | $2,034 | $133,000 +24.3% |
| 2013 | $2,034 | $107,000 |
| 2012 | -- | $107,000 -4.5% |
| 2011 | -- | $112,000 -18.8% |
| 2010 | -- | $138,000 |
| 2009 | -- | $138,000 -12.1% |
| 2007 | -- | $157,000 |
| 2006 | -- | $157,000 |
| 2005 | -- | $157,000 +10.3% |
| 2001 | $1,898 -17.2% | $142,400 -14.2% |
| 2000 | $2,294 | $166,000 |
Find assessor info on the county website
Neighborhood: 98047
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Nearby schools
GreatSchools rating
- 6/10Ilalko Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 4/10Mt Baker Middle SchoolGrades: 6-8Distance: 1 mi
- 6/10Auburn Riverside High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$489,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$489,200
- Washington
- King County
- Pacific
- 98047
- 503 1st Avenue E
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