Listing
$2,750,000
9414 35••••• St S (Sign up for 50 free credits to unlock)Roy, WA 98558
Property Description
Discover a prime investment in Roy with this versatile 24,568 SF campus currently functioning as a transitional housing facility. Generating a remarkable $228,268 NOI at current occupancy, this property delivers strong returns & holds substantial upside for increased profitability at full capacity. With opportunities for expansion or repurposing, the property is positioned for future growth. Unoccupied wings offer addl income streams, presenting a compelling opportunity for future development. Whether you decide to continue its current use or capitalize on new opportunities, this property provides outstanding return potential & a strong foundation for long-term growth. Rarely does a property with this scale & flexibility become available!
Property Facts & Features
- Property Type
- Multi Family
- Status
- For Sale
- Listed
- Mar 6, 2025
- Price per Sq Ft
- $112/sqft
- ZIP Code
- 98558
- Heating
- Radiant
- Construction
- Wood, Wood Products, Wood, Wood Products
- Property Tax (2026)
- $7,240/yr
- Assessed Value
- $788,300
- County
- Pierce
- School District
- Yelm School District
Features & Amenities
Land Info
- Lot Description: Corner Lot, Paved
- Lot Size Acres: 1.11
- Lot Size Dimensions: 236x241x238x227
- Lot Size Square Feet: 48352
Utilities
- Electric Expense: 26296.81
- Power Production Type: Electric
- Sewer: Septic Tank
- Water Source: Public
Rental Info
- Gross Scheduled Income: 884400
- Leasable Area: 24568
Commercial Info
- Net Operating Income: 228268
- Operating Expense: 124896.02
Multi-Unit Info
- Bedrooms in Unit-1: 0
Interior Features
- Flooring: Vinyl
Garage and Parking
- Covered Spaces: 0
- Open Parking: No
School Information
- High School District: Yelm
- School District: Yelm
Heating and Cooling
- Fuel Expense: 26296.81
- Heating Features: Radiant
- Heating Fuel: Electric
- Heating: Yes
- Number of Fireplaces: 0
Other Property Info
- Annual Tax Amount: 14348
- Source Listing Status: Pending Backup Offer Requested
- County: Pierce
- Cap Rate: 8.3
- Directions: From WA-507, turn right onto 357th St S - property will be on the left
- Tax Year: 2024
- Other Expense: 29243.92
- Possible Use: Commercial, Industrial, Multi-Family, Residential
- Insurance Expense: 19466.92
- Area: 119 - Roy/McKenna
- List Development Name: Roy
- Source Neighborhood: Roy
- Parcel Number: 0217282038
- Subdivision: Roy
- Zoning Description: Commercial, Industrial-Light, Multi-Family, Residential
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Year Built: 1930
- Building Area Total: 24568
- Building Area Units: Square Feet
- Construction Materials: Wood, Wood Products, Wood, Wood Products
- Foundation Details: Poured Concrete
- Property Age: 96
- Property Condition: Good
- Roof: Composition
- Building Total Stories: 2
- Structure Type: Multi Family
- House Style: 10+ Units
- Elevation Units: Feet
- Year Built Effective: 1930
Waterfront and Water Access
- River
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Mar 6, 2025 | Listed | $2,750,000 | $112 |
| May 28, 2020 | Sold | $950,000 | $39 |
| Jan 30, 1985 | Sold | $1,519,700 | $62 |
Location
Lat 46.93416 · Lng -122.55988