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17416 97th Avenue SW, Vashon
$1,295,000
10 Beds ⋅ 5 Baths ⋅ 2586393 MLS ⋅ ACTIVE Status
Rare Vashon investment and development opportunity! This well-maintained, established 5-unit multifamily property offers immediate income with further expansion for re-development potential (buyer to verify) adding long-term value beyond the existing improvement. The versatile mix includes a studio, two 2BR/1BA and two 3BR/1BA apartments with a history of strong occupancy. Current rent of $8175 is below fair market, including one Section 8 rental. Most units include a private washer & dryer and four units include fireplaces. The building has a newly installed roof, a significant infrastructure upgrade, new windows, flooring, wainscoting and more. The .75-acre R12-zoned parcel includes 6 water shares—an exceptional asset for future possibilities. Priced at $215,833 per unit with a cap rate at 5.87, the value is solid. Even more compelling, two contiguous R12SO-zoned parcels are also available (MLS#2590323), together offering 6 additional water shares. Acquisition of all three properties creates a rare assemblage opportunity with 12 total water shares, existing multifamily income and significant potential for a larger development vision. Explore the possibilities while benefiting from income already in place. Buyer to verify zoning, water availability, development potential and all intended uses. Please respect tenant privacy; no interior access without confirmed appointment.

17416 97th Avenue SW, Vashon

Listing Broker: COMPASS; Connie Sorensen; 206-819-7669; connie.sorensen@compass.com

111 Calistoga Street E, Orting
$350,000
3 Beds ⋅ 2 Baths ⋅ 2573178 MLS ⋅ ACTIVE Status
Great downtown location. This home is ready to be brought back to it's former glory... Or tear it down and build to suit. Large lot is zoned Mixed Use Town Center. Make this your next fix and flip project. Plenty of room for a duplex as well if you choose to keep it as a single family. Buyer to verify any uses with the city of Orting.

111 Calistoga Street E, Orting

Listing Broker: The Real Estate Firm; Jenn Rees; 509-201-0005; jennlrees@yahoo.com

8920 Randall Dr NW, Gig Harbor
$2,795,000
4 Beds ⋅ 3 Baths ⋅ 2542103 MLS ⋅ ACTIVE Status
A once-in-a-lifetime opportunity in the heart of downtown Gig Harbor! Held by its original owner since 1959, this ultimate waterfront estate is a true maritime enthusiast’s & boat mechanic’s dream. The property boasts 75 feet of premium, low-bank waterfront paired w/an exceptional maritime setup: a massive 155-foot dock, a 384 sq. ft. boathouse that could easily double as an incredible workshop, hobby garage, or ultimate waterfront lounge setup, & an expansive 795 sq. ft. detached garage fully equipped w/hoist systems. Two additional detached sheds offer the perfect footprint for creative office spaces, secondary workshops, or greenhouses. The main residence is thoughtfully designed w/two completely separate living spaces, ideal for multi-generational living or an income-producing layout. The main level features breathtaking, panoramic views of downtown Gig Harbor, a dedicated den/office, an additional guest bedroom, and a primary ensuite complete with a slider opening directly to the viewing deck. The daylight lower level offers a fully independent walkout mother-in-law setup featuring a second full kitchen, two additional spacious bedrooms, & its own private entrance. As an incredible bonus, a classic 1967 Reinell Runabout boat is included with the sale. Bring your vision to this unparalleled waterfront diamond and inherit instant equity in one of the Pacific Northwest's most coveted harbor towns. Buyer to investigate and verify all information to their full satisfaction.

8920 Randall Dr NW, Gig Harbor

Listing Broker: Windermere RE West Campus Inc; Kari Roberts; 253-222-5235; kari@kariroberts.com

Based on information submitted to the MLS GRID as of . 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.
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