Property Photo: 214 Mashell Avenue S WA 98328

Sold

Listing Courtesy of:

Northwest MLS / Windermere Professional Partners / Drew Staudt and Skyline Properties, Inc.

214 Mashell Avenue S Eatonville, WA 98328

Sold on 06/14/2024

$1,415,000 ^(USD)

7,978

SQFT

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Description

This 10-Plex in Eatonville is a value-add opportunity comprised of nine (9) 2-Bdrm Units, one (1) 1-Bdrm Unit, & coin-operated laundry. Currently under-performing w/ a 5.87 cap rate, but will produce a 9.64 cap rate once rented at market rates. Complex has undergone some recent updates: all new windows in 2019 + full & partial unit remodels. Upper units each offer balcony overlooking Mt Rainier & can be accessed via living rm & bdrm. Large parking lot & two (2) other parking areas + on-street parking options. The 2-bdrm units are identical in layout: living/dining/kitchen combo w/ full bath between bdrms. Centrally located w/in the downtown corridor of Eatonville offering proximity to grocery, restaurants & parks. Owner financing considered

MLS #:
2208004

Taxes
$12,304(2023)

Lot Size
0.81 acres

Type
Multifamily

Year Built
1982

Style
10+ Units

Views
City, Territorial, Mountain(s)

School District
Eatonville

County
Pierce County

Community
Eatonville

Listed By

Drew Staudt, Windermere Professional Partners

Bought with
Ben Sorochuk, Skyline Properties, Inc.

Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 7 2025 at 8:36 PM PST

Bathroom Details

Interior Features

Wall to Wall Carpet
Ceramic Tile

Subdivision

Eatonville

Lot Information

Paved

Property Features

Deck
Fireplace: 0
Foundation: Slab

Heating and Cooling

Baseboard

Flooring

Carpet
Vinyl Plank
Ceramic Tile

Exterior Features

Wood
Roof: Composition

Utility Information

Sewer: Sewer Connected
Fuel: Electric
Energy: Green Efficiency: Thermal Windows

School Information

Elementary School: Eatonville Elem
Middle School: Eatonville Mid
High School: Eatonville High

Listing Price History

Date

Event

Price

% Change

$ (+/-)

Mar 13, 2024

Listed

$1,500,000

Additional Listing Info

Buyer Brokerage Compensation: 2.5

Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.

Disclaimer: Based on information submitted to the MLS GRID as of 12/7/25 12:36. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. 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.