$1,899,000
Est. $10,292/moPrice reduced $51,000 from the original $1,950,000 asking price
5,984 sq ft
109 4th Avenue SE, Pacific, WA 98047
• Listed May 8, 2026•185 days active · 185 cumulative
Listing Broker: WeLakeside; Karel Sir; 206-383-4747; karelsir@yahoo.com
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Listing Broker: WeLakeside; Karel Sir; 206-383-4747; karelsir@yahoo.com
About this home
Great investment opportunity to own four duplexes (8 Units), all 2 bed/1 bath (748 sq. ft.) with happy long-term tenants and no vacancies for over two years. Each unit has its own storage shed, covered patio, updated vinyl windows, dishwasher and washer/dryer. The complex is on a quiet street with plenty of parking for tenants/guests and it backs up to a public park that is well maintained by City of Pacific. All four buildings have low maintenance metal roofs, five of the units have new kitchen cabinets and the other three have been purchased but not installed. Effective Year Built is 2005 when all units were updated with new plumbing and new electrical. This is a great opportunity to own a turn key and low maintenance investment property!
Listed by Karel Sir • WeLakeside
Listing updated: October 9, 2026 at 05:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2520404
Open houses
No upcoming open houses scheduled for this property.
Around this home
How much should you offer?
109 4th Avenue SE, Pacific, WA 98047
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
Flooring
- Laminate
Heating & cooling
- Baseboard heating
- None cooling
Schools
Ratings via SchoolDiggerAuburn School District
- Alpac Elementary SchoolPublic · Grades PK-5 · State rank 642 of 1,1384/10
- Olympic Middle SchoolPublic · Grades 6-8 · State rank 446 of 5142/10
- Auburn Riverside High SchoolPublic · Grades 9-12 · State rank 190 of 3966/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 8
- Units in building
- 8
- Units below grade
- false
- Building square feet
- 5,984 sq ft
Income & expenses
- Gross scheduled income
- $160,800
- Total monthly income
- $13,400
- Gross adjusted income
- $160,800
- Net operating income
- $105,860
- Cap rate
- 5.57%
- Gross rent multiplier
- 11.8
- Total expenses
- $54,940
- Insurance
- $6,590
- Other expenses
- $4,476
- Water / sewer / garbage paid by
- 26508
Parking & storage
- Parking spaces
- 16
- Uncovered parking
- 16
Taxes & assessment
- Annual taxes
- $17,366
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
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Sales & Tax Records for 109 4th Avenue SE
NWMLS via MLS Grid · King County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 9, 2026Price reducedNWMLS via MLS Grid · #2520404$1,899,000$317/sq ft
- May 8, 2026ListedNWMLS via MLS Grid · #2520404$1,950,000$326/sq ft
Mortgage payment forecast
$12,214 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: WeLakeside; Karel Sir; 206-383-4747; karelsir@yahoo.com
Market pulse
Pacific is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Offer insight: Homes typically sell with one offer near asking price.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 81 days.
Recent sales nearby
Within 1 mile · last 6 months$406,500 Sold
3 days ago
2 bd•1.75 ba•~960 sq ft•Single Family
116 3rd Avenue NW, Pacific, WA 98047
8%
Over list
43
Days on market
0.5 mi
Distance
$435,000 Sold
4 days ago
2 bd•1 ba•~840 sq ft•Single Family
216 4th Avenue SW, Pacific, WA 98047
0%
Over list
69
Days on market
0.3 mi
Distance
$515,000 Sold
2 weeks ago
4 bd•1 ba•~1,456 sq ft•Single Family
733 2nd Avenue NE, Pacific, WA 98047
2%
Under list
99
Days on market
0.9 mi
Distance
$524,990 Sold
3 weeks ago
3 bd•2 ba•~1,430 sq ft•Single Family
756 Oakhurst Drive, Pacific, WA 98047
0%
Over list
40
Days on market
0.8 mi
Distance
$799,000 Sold
4 weeks ago
4 bd•2.5 ba•~2,710 sq ft•Single Family
121 Palisades Place, Pacific, WA 98047
0%
Over list
97
Days on market
0.1 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Nov 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of November 9, 2026 at 11:29 AM PT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial 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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HO
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