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:
Taylor Wyman,
Northmarq Multifamily, LLC
Bought with: Marketplace Sotheby's Intl Rty
$950,000
218 3rd Avenue SW, Pacific, WA 98047
8beds
4baths
2,492sqft
Quadruplex
Built in 1984
-- sqft lot
$941,600 Zestimate®
$381/sqft
$2,421 Estimated rent
Home value
$941,600
$866,000 - $1.02M
$2,421/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 30, 2025 at 04:04am
Listed by:
Taylor Wyman,
Northmarq Multifamily, LLC
Bought with:
Mike Garrett, 24763
Marketplace Sotheby's Intl Rty
Source: NWMLS,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
- Property subtype: Quadruplex
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 & neighborhood
Location
- Region: Pacific
- Subdivision: Pacific
Other
Other facts
- Listing terms: Cash Out,Conventional,Owner Will Carry
- Cumulative days on market: 10 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $950,000$381/sqft |
Source:  NWMLS #2354811 | ||
| 4/25/2025 | Pending sale | $950,000$381/sqft |
Source: NWMLS #2354811 | ||
| 4/21/2025 | Listed for sale | $950,000$381/sqft |
Source: NWMLS #2354811 | ||
| 4/10/2025 | Pending sale | $950,000$381/sqft |
Source: NWMLS #2354811 | ||
| 4/3/2025 | Listed for sale | $950,000+156.8%$381/sqft |
Source: NWMLS #2354811 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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% |
Find assessor info on the county website
Neighborhood: 98047
Nearby schools
GreatSchools rating
- 8/10Alpac Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 3/10Olympic Middle SchoolGrades: 6-8Distance: 2.5 mi
- 5/10Auburn Riverside High SchoolGrades: 9-12Distance: 1.6 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$941,600
2% more+ $18,832
With Zillow Showcase(estimated)
$960,432