150 NE State Route 300, Belfair, WA 98528
- $560,000
- 3,504
- SqFt
Listing Broker: Paramount Real Estate Group; Janet Lovett; ; Selling Office: Windermere Abode.
- Sold Price
- $560,000
- List Price
- $539,000
- Status
- SOLD
- MLS#
- 2458130
- Closing Date
- Feb 20, 2026
- Days on Market
- 7
- Style
- 54 - 4-Plex
- Building Condition
- Fixer
- Finished SqFt
- 3,504
- Area Total SqFt
- 3504
- Annual Tax Ammount
- 3641.47
- Internet Provider
- Buyer to Verify
- Lot Size (sq ft)
- 14,375
- Sewer
- Sewer Connected
Property Description
Fantastic investment opportunity in the heart of Belfair! This well-located 4-plex offers four spacious 2-bed, 1-bath units, is connected to sewer, and features a brand-new roof installed in Summer 2025. The property needs some TLC, making it ideal for investors looking to add value and increase long-term returns. Units offer functional layouts and solid rental potential in a high-demand market. Centrally located near schools, shopping, Highway 3, and local amenities. A rare chance to acquire multifamily housing in Belfair with strong upside.
Additional Information
- List Date
- 2026-02-13 00:00:00
- Community
- Belfair
- Net Operating Income
- $33,159
- Gross Adjusted Income
- $33,159
- Gross Scheduled Income
- $40,800
- Total Monthly Income
- $3,400
- Insurance Expenses
- $4,000
- Gross Rent Multiplier
- 13
- Total Expenses
- $7,641
- Cap Rate
- 6
- Vacancy Rate
- 25
- Total Number of Units
- 4
- Unit Name
- 150
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Year Built
- 1970
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially
- Energy Source
- Electric
- School District
- North Mason #403
- Elementary School
- Buyer To Verify
- Middle School
- Hawkins Mid
- High School
- North Mason Snr High
- Total Monthly Income
- $3,400
- Gross Scheduled Income
- $40,800
- Vacancy Rate
- 25
- Gross Adjusted Income
- $33,159
- Tax Year
- 2025
- Insurance Expense
- $4,000
- Total Expenses
- $7,641
- Net Operating Income
- $33,159
- Gross Rent Multiplier
- 13
- Cap Rate
- 6
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.