434 3RD STMorton, WA98356

$419,900
3 total units
$33,600 annual income
Capitilization Rate: 6.32
1800 sq. ft
0.32 acres
SqFt10000to14999
Elementary School: Morton
Middle School: Morton
High School: Morton
Zoning: R-1
16 days on market
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Price per unit$140K/unit
Price per ft²$233.28/ft²
Recent price drop$10,000
Price per acre$1.31M/ac
Time on market16 days
434 3RD ST (1 of 30)

Property Description

2 separate 2Br 1BA homes with covered parking for 3 cars that have been excellent rental properties for 17+ years. Each home offers a large level yard & is located in the city of Morton WA. Both homes were always rented due to the fact the homes are located within a 5 minute walk to shopping, restaurants even the hospital. Both homes are well maintained with recent upgrades, including new roofs, new flooring, new kitchen, ductless heat A/C heat pumps, vinyl windows & more. Morton is a popular destination due to the laid back & convenience of small town living. White Pass Ski Resort, Mount Rainier National Park, Mayfield & Riffe Lakes are 1 hour away or less. Seattle & Portland are under 2 hrs. Monthly rents of $1450+ per home are obtainable

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Financial Data

Price ChangeDropped $10,000 on 04/29/2024
Total $140,000 drop
Original Price$559,900
Current Price$419,900
Property Taxes$2,305

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Home Facts

StatusActive
Year Built1953
Stories1
Exterior Features
Garage
MLS ID24305952

Unit Details

Unit 1
Unit 2
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