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Listing courtesy of NWMLS / John L. Scott, Inc.

1532 W Sims Way

Port Townsend, WA 98368

– beds
– baths
7,468 sqft
~1/2 acre lot
$234 per sqft
1990 build
– on site

The building is a mix of commercial on the first floor and 7 residential apartments on the second floor. It is 100% occupied w/leases for every tenant. Building has a 17yr history of full occupancy. The commercial tenant is a very popular recycle salvage business. The 7 apartments- 2 studio, 4- 1 bedroom and 1- 2 bedroom are updated w/a modern theme. Apartments have 3 walk-in showers, up to date plumbing - faucets and shower valves, updated electrical- baseboard heaters, water heaters & lighting. Residential tenants are presently paying below market rate. Building has an excellent location for residential living, bars, restaurants and grocery store are all within a short distance. Full RV hookup- water, sewer & electric is in the rear lot.

Listing courtesy of NWMLS / John L. Scott, Inc.

Last checked: Checking… • Last updated Feb 15, 2024 •

MLS# 2043549 —

The Building

Year Built:

1948
Year Built:

1990
Year Built Source:

See Remarks
New Construction:

false
Structure Type:

Multi Family
Exterior Features:

Wood
Roof:

Metal
Units In Building Total:

8
Foundation Details:

Poured Concrete
# of Units Total:

8
Stories Total:

2
Building Area Total:

7468
Building Area Units:

Square Feet
Calculated SqFt:

7468

Interior

Interior Features:

Laminate, Wall to Wall Carpet
Flooring:

Laminate, Carpet
Fireplace:

false

Financial & Terms

Possession:

Negotiable, Tenant's Rights

Location

Latitude:

48.103812
Longitude:

-122.794324
Directions:

1532 W. Sims Way

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Very Good
Parcel Number:

948325101
Lot Features:

Paved
Lot Size Units:

Square Feet
Lot Size Dimensions:

100 x 270
Lot Size Acres:

0.62
Lot Size SqFt:

27007
Lot Size Source:

Public Records
Zoning Class:

Commercial
Zoning Jurisdiction:

City
View:

City, Mountain(s), Sound, Strait
View:

true
Waterfront:

false
Possible Use:

Commercial
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

9554

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

2.5%

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Wall Unit(s)

Utilities

Water Source:

Public
Sewer:

Sewer Connected
Water Sewer Garbage:

5930

Schools

High School District:

Port Townsend #50

The Community

Subdivision Name:

Port Townsend
Amenities:

Storage
Senior Community:

false
Association:

false

Parking

Parking Total:

15
Parking Uncovered Spaces:

15
Open Parking:

true
Open Parking Spaces:

15
Carport:

false

Listing courtesy of NWMLS / John L. Scott, Inc.

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided. The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

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Sale history

Date	Event	Source	Price	% Change
8/22/23 Aug 22, 2023	Price Changed	NWMLS	$1,750,000	-22.2%
3/9/23 Mar 9, 2023	Listed / Active	NWMLS	$2,250,000
2/24/22 Feb 24, 2022	Listed / Active	NWMLS

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This multifamily located in Port Townsend, WA 98368 is currently for sale for $1,750,000. 1532 W Sims Way is a 7,468 square foot multifamily with – beds and – baths that has been on Estately for 428 days. This multifamily is in the attendance area of Grant Street Elementary School, Port Townsend High School, and Blue Heron Middle School.

Listing courtesy of NWMLS / John L. Scott, Inc.

Disclaimer: The information contained in this listing has not been verified by John L. Scott, Inc. and should be verified by the buyer.