LISTING DETAILS

814 5th Street

814 5th St Steilacoom WA 98388

Listing #: 709427 | Status: Available | Last Modified: 3/26/2026

Showing Instructions
Call Listing Agent	No
Use Discretion	No

Condo Information
Condo	Yes
Condo $/SF	$ 352.00
Condo SF	5,312 SF

Investment Information
Investment Prop	Yes
Gross Income	151,200
Vacancy Factor %	0.00%
Operating Expenses	31,000
Net Operating Income	120,200
CAP Rate	6.41 %

Detail Listing Information
Min Total SF	0 SF
Max Total SF	0 SF
Lease Rate Low	$ 0.00
Lease Rate High	$ 0.00

Utilities
Sanitary Sewer	City
Storm Sewer	City

Retail Information
Signage	Signage on Building and Freestanding

Financial Summary
CAP Rate	6.411

Building Information
Building Status	Existing
# of Buildings	3
# of Floors	1
# of Units	6
Total Building SF	5,312 SF
Net Rentable Area	0 SF
Total Office SF	0 SF
Largest Contiguous SF	0 SF
Lot SF	39,168 SF
Acres	0.9

Property Type
Property Type	Multi-Family

Location
County	Pierce
Market Area	Lakewood
Tax ID #	7395000037

6-units near Beach!

Public Comments

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 gr

814 5th Street
814 5th St Steilacoom WA 98388

Listing #: 709427 | Status: Available | Listing Date: 3/3/2026 | Last Modified: 3/26/2026 | Email Listing

For Sale

814 5th Street - Unit

Listing Images