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+12067698882
RE/MAX All City
515 Roe Street, Steilacoom, WA 98388
- $549,000
- 1,664
- SqFt
Listing Broker: Keller Williams West Sound; Lisa Sisk; 253-952-3904; lisa.sisk@kw.com
- List Price
- $549,000
- Status
- ACTIVE
- MLS#
- 2573527
- Days on Market
- 18
- 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
TWO HOMES. ONE SMART OPPORTUNITY! Discover exceptional flexibility in desirable Steilacoom with this updated, single-level duplex on a generous corner lot. Invest, owner-occupy, or explore multigenerational living by occupying both residences—enjoying the convenience of living close while maintaining separate, private spaces. Each residence offers 2 bedrooms, 1 bath and approximately 832 sq ft, for 1,664 total sq ft. Separate entrances, functional layouts, oversized lot with fenced outdoor patio areas, covered parking and extra storage add everyday comfort and appeal. One unit available now, the other in December create exciting possibilities: bring generations together, live in one and rent the other, or rent BOTH at current market rates—with potential rental income significantly above existing rents. A strong rental history adds to the investment appeal. Enjoy a sought-after location near historic downtown Steilacoom, schools, parks and amenities, with convenient access to JBLM, Lakewood and major employment centers. Opportunities to own a duplex in this charming community are limited—make this one work for your lifestyle and investment goals! Investor prospectus available upon request. One vacant & staged unit is available for scheduled showings; the occupied unit may be viewed following mutual acceptance.
Additional Information
- List Date
- 2026-09-17 15:30:14
- 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.