615 613 Lafayette Street, Steilacoom, WA 98388

Listing Broker: RE/MAX Exclusive; Brenda D Kelley; ; Selling Office: ZNonMember-Office-MLS.

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Sold Price
$970,000
List Price
$995,000
Status
SOLD
MLS#
2385340
Closing Date
Aug 11, 2025
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,666
Area Total SqFt
2666
Annual Tax Ammount
5810
Lot Size (sq ft)
8,792
Sewer
Sewer Connected

Property Description

Rare offering in coveted downtown Steilacoom! This updated two-story Craftsman duplex presents an incredible investment or multi-generational living opportunity. Both upper and lower units capture sweeping 180-degree views of the magnificent Puget Sound, creating a stunning backdrop for everyday living. Each unit features 2 bedrooms, 1 bathroom, & large family room, offering comfort and functionality. Set on a substantial lot, this property is perfectly positioned for ultimate convenience. Enjoy easy walks to the picturesque beach, a vibrant downtown restaurants, and the ferry terminal for quick access to Anderson Island. This is more than a home; it's a lifestyle in one of Washington's most historic and beautiful waterfront towns.

Additional Information

Community
Steilacoom
Net Operating Income
$57,690
Gross Adjusted Income
$72,000
Gross Scheduled Income
$72,000
Total Monthly Income
$6,000
Insurance Expenses
$2,500
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
13.81
Total Expenses
$14,310
Cap Rate
0.05
Total Number of Units
2
Unit Name
615 613
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1962
View
Mountain(s), Sound
Roof
Composition
Site Features
Deck, RV Parking
Electric Expenses
1800
Energy Source
Natural Gas
School District
Steilacoom Historica
Elementary School
Cherrydale Elem
Middle School
Pioneer Mid
High School
Steilacoom High
Total Monthly Income
$6,000
Gross Scheduled Income
$72,000
Gross Adjusted Income
$72,000
Tax Year
2025
Insurance Expense
$2,500
W/S/G Expenses
$2,400
Total Expenses
$14,310
Net Operating Income
$57,690
Gross Rent Multiplier
13.81
Cap Rate
0.05
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.

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