Incredible opportunity to acquire a well-maintained 5-plex in beautiful Anacortes in great condition! With all five units currently leased, this property guarantees immediate rental income and a hassle-free investment. 3 units are 2 bed/ 1 bath. 2 units are 1 bed/ 1 bath. Washers and dryers in each unit. Each unit has its own electrical meter that renter pays. Seller pays for Water/Sewer/Garbage. Boasting a cap rate of 5.98%, this 5-plex is a valuable addition to any portfolio. Whether you're an experienced investor looking to expand or a newcomer seeking a solid market entry, this property offers both stability and growth potential. Don’t miss out on owning a high-performing asset in one of Washington’s most desirable locations!
Sold
Listed by: American Dream R. E. Services
Bought with: COMPASS
$1,180,000
916 34th Street, Anacortes, WA 98221
--beds
--baths
4,136sqft
Multi Family
Built in 1900
-- sqft lot
$1,182,600 Zestimate®
$285/sqft
$2,209 Estimated rent
Home value
$1,182,600
$1.11M - $1.25M
$2,209/mo
Zestimate® history
Owner options
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$2,209/mo
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$2,209/mo
Rent Zestimate®
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$5,736/mo
Est. payment
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$5,736/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Forbes Hansen,
American Dream R. E. Services,
Jacquelyn Michael,
ONE Realty
Bought with:
Ben Kaufman, 18974
COMPASS
Nicole Allen, 125672
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2268444
Facts & features
Interior
Heating
- Forced Air, Wall Unit(s), Electric, Natural Gas
Cooling
- None
Features
- Flooring: Laminate, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 4,136
- Total interior livable area: 4,136 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Features
- Patio & porch: Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,658 sqft
- Features: Paved, Sidewalk
Details
- Parcel number: P112514
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement Planked, Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1900
- Major remodel year: 1985
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Anacortes
- Water: Public, Company: City of Anacortes
Community & neighborhood
Location
- Region: Anacortes
- Subdivision: Anacortes
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 592 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2024 | Sold | $1,180,000-5.5%$285/sqft |
Source:  NWMLS as distributed by MLS GRID #2268444 Report a problem | ||
| 8/9/2024 | Pending sale | $1,249,000$302/sqft |
Source: NWMLS as distributed by MLS GRID #2268444 Report a problem | ||
| 7/23/2024 | Listed for sale | $1,249,000+71.1%$302/sqft |
Source: NWMLS as distributed by MLS GRID #2268444 Report a problem | ||
| 11/27/2019 | Listing removed | $730,000$176/sqft |
Source: John L Scott Real Estate #1475299 Report a problem | ||
| 7/23/2019 | Pending sale | $730,000$176/sqft |
Source: John L Scott Real Estate #1475299 Report a problem | ||
| 7/10/2019 | Listed for sale | $730,000$176/sqft |
Source: John L Scott Real Estate #1475299 Report a problem | ||
| 7/9/2019 | Pending sale | $730,000$176/sqft |
Source: John L Scott Real Estate #1475299 Report a problem | ||
| 6/14/2019 | Listed for sale | $730,000+1.4%$176/sqft |
Source: John L Scott Real Estate #1475299 Report a problem | ||
| 9/6/2017 | Listing removed | $720,000$174/sqft |
Source: John L Scott Real Estate #1060969 Report a problem | ||
| 8/17/2017 | Pending sale | $720,000$174/sqft |
Source: John L Scott Real Estate #1060969 Report a problem | ||
| 1/7/2017 | Listed for sale | $720,000+12%$174/sqft |
Source: John L Scott Real Estate #1060969 Report a problem | ||
| 7/11/2014 | Listing removed | $643,000$155/sqft |
Source: John L Scott Real Estate #636993 Report a problem | ||
| 5/20/2014 | Listed for sale | $643,000+78.9%$155/sqft |
Source: Anacortes Office #636993 Report a problem | ||
| 5/18/2005 | Sold | $359,500$87/sqft |
Source: NWMLS as distributed by MLS GRID #25038169 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $7,888 +13.5% | $1,044,500 +13.4% |
| 2023 | $6,949 +3.7% | $921,400 +2% |
| 2022 | $6,699 | $903,500 +19.7% |
| 2021 | -- | $754,800 +20.3% |
| 2020 | $5,619 +5.2% | $627,200 +5.1% |
| 2019 | $5,343 +4.8% | $596,900 +5.4% |
| 2018 | $5,097 +43.1% | $566,200 +16.4% |
| 2017 | $3,562 -3.9% | $486,300 +30% |
| 2016 | $3,705 +3.1% | $374,100 |
| 2015 | $3,593 +15.5% | $374,100 +16.8% |
| 2013 | $3,111 | $320,300 -1.4% |
| 2012 | $3,111 +22.4% | $325,000 +21.5% |
| 2011 | $2,541 | $267,400 -8.5% |
| 2010 | $2,541 -7% | $292,300 -19.5% |
| 2009 | $2,733 +0.6% | $362,900 |
| 2008 | $2,717 | $362,900 |
| 2007 | $2,717 +37.2% | $362,900 +84.4% |
| 2003 | $1,980 +4.8% | $196,800 -2.8% |
| 2002 | $1,890 -2.8% | $202,400 +12.9% |
| 2001 | $1,945 +1.9% | $179,300 +7.9% |
| 2000 | $1,908 | $166,100 |
Find assessor info on the county website
Neighborhood: 98221
Nearby schools
GreatSchools rating
- 8/10Island View Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Anacortes Middle SchoolGrades: 6-8Distance: 0.7 mi
- 9/10Anacortes High SchoolGrades: 9-12Distance: 1 mi
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- Washington
- Skagit County
- Anacortes
- 98221
- 916 34th Street
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