515 Roe Street, Steilacoom, WA 98388
- $549,000
- 1,664
- SqFt
Listing courtesy of Keller Williams West Sound.
- List Price
- $549,000
- Status
- ACTIVE
- MLS#
- 2573527
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,664
- Area Total SqFt
- 1664
- Annual Tax Ammount
- 4041
- Lot Size (sq ft)
- 9,622
- Sewer
- Sewer Connected
Property Description
Investment opportunity in desirable Steilacoom! Single-level duplex offering 1664 total sq. ft on a generous corner lot. Strong rental history with potential for increased rental income make this an appealing property for investors or an owner-occupant looking to combine homeownership with the benefits of a multi-family property. Each residence offers well maintained, updated & functional living spaces each with 2 beds and 1 bath and approximately 832 sq ft, separate entrances and fenced outdoor areas complemented by an attractive landscaping and covered parking. Conveniently located near historic downtown Steilacoom, schools, parks and amenities with easy access to JBLM, Lakewood and major employment centers. A compelling opportunity to acquire a residential income property in a sought-after community where multi-family offerings are limited. Strong rental history. Investor prospectus available upon request. One vacant unit is available for scheduled showings. The occupied unit may be viewed following mutual acceptance. Adjacent duplex is also available, 2707 Lexington, MLS#2573516, creating the opportunity for a 4-unit investment package with strong income potential and exceptional long-term upside.
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Additional Information
- List Date
- 2026-09-11 21:30:14
- Community
- Steilacoom
- Net Operating Income
- $26,066
- Gross Adjusted Income
- $31,920
- Gross Scheduled Income
- $33,600
- Total Monthly Income
- $2,800
- Insurance Expenses
- $867
- Gross Rent Multiplier
- 16.34
- Total Expenses
- $5,908
- Cap Rate
- 4.74
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 515
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1965
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, Patio
- Other Expenses
- 1000
- Energy Source
- Electric
- School District
- Steilacoom Historica
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $2,800
- Gross Scheduled Income
- $33,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $31,920
- Tax Year
- 2026
- Insurance Expense
- $867
- Total Expenses
- $5,908
- Net Operating Income
- $26,066
- Gross Rent Multiplier
- 16.34
- Cap Rate
- 4.74
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.