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JRJeff ReynoldsCompass · Seattle

Listed by Heidi Bright, Coldwell Banker Danforth

5,312
Square feet
$353
Per sq ft
Multi Family
Type
1970
Year built
38,570 sq ft
Lot
133
Days on market

About this property

GREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close to Fort Steilacoom Park & just a 10 minute drive to Chambers Bay Golf. This Prime location is also close to Lakewood, University Place & McChord Air Force Base, in a quiet and quaint neighborhood within the Historic little town of Steilacoom. Duplex-style architecture, yet the property was developed as Condo Units in 2008 and has always been owned by a single investor versus 3 or 6 investors ... Current owner considering breaking into 3 Duplex Units if not sold to one investor who wants to own and manage the whole property with all 6-units, so don’t delay if you want to own all 6 in this great location! Updated roofs, windows, stainless appliances including W/D & microwaves in each unit, vinyl plank flooring, mini-split heat & A/C, + each unit has a deck w/ storage unit. 6 tax parcels for PSA. PLEASE Do Not Disturb Tenants! Access to interiors upon mutual acceptance on an acceptable PSA. 3-D Tour uploaded + Tour Video. Fidelity T&E.

Location & commute

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Directions

Property details

Listing details

Listing number
#2486221
Listed
March 2, 2026
Days on market
133
Price per sq ft
$353

Unit & building

Stories in building
1
Units in building
6

Parking

Total spaces
12

Construction

Year built
1970
Style
55 - 5-9 Units
Structure
Multi Family
Roof
CompositionTorch Down

Heating & cooling

Heating
DuctlessWall Furnace
Cooling
Ductless
Energy source
Electric

Flooring

Flooring
Vinyl Plank

Lot

Lot features
Corner LotPaved
Lot size
38,570 sq ft

Terms

Terms offered
Cash

Utilities

Water
Town of Steilacoom
Sewer
Pierce County Sewer
Power
Town of Steilacoom

Schools

District
Steilacoom Historica

What stands out to you?

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  • Multi Family
  • Composition
  • Torch Down
  • Ductless
  • Wall Furnace
  • Electric
  • Vinyl Plank
  • Corner Lot
  • Paved
  • Cash

Listing history

  1. Listed

    $1,875,000

    March 2, 2026

Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$10,919

Principal & interest
$9,481
Property tax (est.)
$1,438

Assumes $375,000 down (20%), a $1,500,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of July 14, 2026 at 12:00 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.