400 9th Street, Raymond, Washington 98577

WA, Raymond
$500,000
  • 8,016 Sqft
  • Residential Income Property Type
  • 1959 Year Built
  • Canceled Status
Property Description

Investor Alert! Incredible value-add opportunity in the heart of Raymond! This 10-unit multi-family complex (6× 2BR/1BA + 4× 1BR/1BA) offers nearly 7,920?sq?ft of rental space across two parcels totaling 0.27 acres, including a vacant lot with expansion potential. Currently 7 of 10 units are tenant-occupied, providing immediate income with room to increase cash flow through renovations and lease-up. Features include on-site laundry, solid rental history, and proximity to schools, parks, and town amenities. Seller is open to bundling with additional multi-family properties, making this a fantastic portfolio-building opportunity.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2390326
  • Price: $500,000
  • Square Footage: 8,016 Sqft
  • Year Built: 1959
  • Lot Area: 0.27 Acre
  • Status: Canceled
  • Office Name: Real Broker LLC
  • Agent Name: Amanda Rainey
  • Property Sub Type: Multi Family
  • Roof: Flat
Features
  • Heating System Baseboard
  • Cooling System None
  • Exterior Features Wood
  • Sewer Sewer Connected
Address Map
  • Country US
  • State WA
  • County Pacific
  • City Raymond
  • Zipcode 98577
  • Street: 9th
  • Street Number: 400
  • Street Suffix: Street
  • Longitude: W124° 16' 24.6''
  • Latitude: N46° 41' 13.2''
  • Directions: From South Bend. North Hwy 101 to Commercial Street. Turn right. Follow to property on corner of Ninth and Commercial.
  • Mls Area Major: 210 - Raymond
Neighborhood
  • Elementary School: Buyer To Verify
  • High School: Buyer To Verify
  • High School District: Raymond
  • Middle School: Buyer To Verify
Additional Information
  • Stories Total: 2
  • Possible Use: Multi-Family
  • On Market Date: 2025-06-10
  • Number Of Units Total: 2
  • Lot Features: Paved, Curbs, Sidewalk, Corner Lot
  • Construction Materials: Wood
Financial
  • Tax Annual Amount: 1908
Listing Information
  • List Agent Mls Id: 125433
  • List Office Mls Id: 6529
  • Listing Term: Cash Out,Conventional
  • Mls Status: Cancelled
  • Modification Timestamp: 2025-09-18T22:32:10Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2025-09-18T22:30:02Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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