503 1st Avenue E
Pacific, WA 98047
- 3 beds
- 2 baths
- 1,250 sqft
- ~1/2 acre lot
- $356 per sqft
- 1964 build
Exciting investment opportunity! This expansive .40-acre corner lot is primed for redevelopment, offering endless potential for multifamily units. Zoned for single-family, RML and light industrial, this property provides multiple lucrative building options (details available through your agent). The existing 3-bed, 2-bath home with a detached shop has been in the same family since 1964 and, while in need of a rehab, could still serve as a charming single-family residence. However, the true value lies in maximizing the lot’s potential for multifamily development—a smart move in this growing neighborhood. Don’t miss this chance to turn vision into profit! CASH ONLY. Buyer to investigate all info. Call your agent directly for info.
Last checked:
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Last updated Mar 15, 2025
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MLS# 2342993 —
The Building
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Year Built:1964
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New Construction:false
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Building Information:Built On Lot
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Structure Type:House
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Roof:Composition
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Entry Location:Main
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Basement:None
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Exterior Features:Wood
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Levels:One
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Building Area Total:1250
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Building Area Units:Square Feet
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Calculated SqFt:1250
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SqFt Source:public records
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Construction Materials:Wood
Interior
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Interior Features:Bath Off Primary, Dining Room, Hardwood, Water Heater
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Living Area:1250
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Flooring:Hardwood
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Fireplace:false
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Finished SqFt:1250
Financial & Terms
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Possession:Closing
Location
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Latitude:47.268498
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Longitude:-122.239142
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Directions:Follow your gps.
The Property
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Property Type:Residential
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Property Subtype:Residential
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Property Condition:Fixer
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Parcel Number:3354400460
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Lot Features:Corner Lot, Paved
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Lot Size Units:Square Feet
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Lot Size Acres:0.3996
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Lot Size SqFt:17406
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Lot Size Source:17406
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Zoning Jurisdiction:City
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Land Lease:false
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View:false
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Waterfront:false
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Topography:Level
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Vegetation:Fruit Trees
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (253) 838-7900
- Office phone:
- (253) 838-7900
Taxes
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Tax Year:2025
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Tax Annual Amount:4286
Beds
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Bedrooms Total:3
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Bedrooms Possible:3
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Main Level Bedrooms:3
Baths
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Total Baths:2
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Baths:1.75
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Full Baths:1
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Three Quarter Baths:1
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Main Full Baths:1
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Main Level Bathrooms:2
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Main level Three Quarter Bath:1
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# of Bathtubs:1
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard
Utilities
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Water Company:City Of Pacific
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Water Heater Location:utility room
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Water Heater Type:Electric
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:City Of Pacific
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Power Company:Pse
Appliances
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Appliances:Refrigerator(s), Stove(s)/Range(s)
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Appliances Included:Refrigerator(s),Stove(s)/Range(s)
Schools
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Elementary School:Buyer To Verify
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Middle Or Junior School:Buyer To Verify
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High School:Buyer To Verify
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High School District:Auburn
The Community
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Subdivision Name:Pacific
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Senior Community:false
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Association:false
Parking
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Parking Features:Driveway, Off Street
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Open Parking:false
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Attached Garage:false
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Carport:false
Listing courtesy of NWMLS / Windermere RE West Campus Inc
Monthly cost estimate
Asking price
$445,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,382
|
| Taxes | $357 |
| Insurance | $122 |
| Utilities | $117 See report |
| Total | $2,978/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/13/25
Mar 13, 2025
|
Listed / Active | NWMLS | $445,000 |
33% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $10k above asking price on average, but some went as high as $75k over asking price.
