Investment opportunity in desirable Steilacoom! Single-level duplex offering 1664 total sq. ft on a generous corner lot. Strong rental history with potential for increased rental income make this an appealing property for investors or an owner-occupant looking to combine homeownership with the benefits of a multi-family property. Each residence offers well maintained, updated & functional living spaces each with 2 beds and 1 bath and approximately 832 sq ft, separate entrances and fenced outdoor areas complemented by an attractive landscaping and covered parking. Conveniently located near historic downtown Steilacoom, schools, parks and amenities with easy access to JBLM, Lakewood and major employment centers. A compelling opportunity to acquire a residential income property in a sought-after community where multi-family offerings are limited. Strong rental history. Investor prospectus available upon request. One vacant unit is available for scheduled showings. The occupied unit may be viewed following mutual acceptance. Adjacent duplex is also available, 2707 Lexington, MLS#2573516, creating the opportunity for a 4-unit investment package with strong income potential and exceptional long-term upside.
Active
Listed by: Keller Williams West Sound • Lisa Sisk
$549,000
515 Roe Street, Steilacoom, WA 98388
4beds
2baths
1,664sqft
Duplex, Multi Family
Built in 1965
-- sqft lot
$540,800 Zestimate®
$330/sqft
$-- HOA
What's special
Covered parkingGenerous corner lotSeparate entrancesAttractive landscapingFenced outdoor areas
- --
- on Zillow
- 522
- views
- 50
- saves
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Lisa Sisk,
Keller Williams West Sound
Source: NWMLS as distributed by MLS GRID,MLS#: 2573527
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, Laminate
- Has fireplace: No
Interior area
- Total structure area: 1,664
- Total interior livable area: 1,664 sqft
Property
Parking
- Total spaces: 4
- Carport spaces: 2
- Uncovered spaces: 2
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 9,622 Square Feet
- Features: Corner Lot, Paved, Cable TV, Fenced-Partially, Patio
Details
- Parcel number: 0220323037
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Brick, Wood Siding, Wood Products
- Foundation: Slab
- Roof: Composition
Condition
- Good
- Year built: 1965
- Major remodel year: 1987
Utilities & green energy
- Electric: Company: Steilacoom Public Works
- Sewer: Sewer Connected, Company: Steilacoom Public Works
- Water: Public, Company: Steilacoom Public Works
Community & HOA
Community
- Subdivision: Steilacoom
Location
- Region: Steilacoom
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $479,000
- Annual tax amount: $4,041
- Date on market: 9/11/2026
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$540,800
$514,000 - $568,000
$2,169/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Listed for sale | $549,000+216.4%$330/sqft |
Source: | ||
| 3/26/2015 | Sold | $173,500$104/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,041 +6.5% | $479,000 +7.1% |
| 2024 | $3,795 +4.6% | $447,300 +6.3% |
| 2023 | $3,628 +1.5% | $420,600 +0.7% |
| 2022 | $3,574 -2.9% | $417,500 +12.7% |
| 2021 | $3,680 +40.2% | $370,300 +39.6% |
| 2019 | $2,625 +2% | $265,200 +12.1% |
| 2018 | $2,574 +15.1% | $236,500 +17.1% |
| 2017 | $2,236 +8.2% | $201,900 +22.1% |
| 2016 | $2,067 | $165,300 +2.9% |
| 2014 | $2,067 +3.7% | $160,700 +5.8% |
| 2013 | $1,994 | $151,900 +7.2% |
| 2012 | -- | $141,700 -16.8% |
| 2011 | -- | $170,400 -13% |
| 2010 | -- | $195,800 +95.2% |
| 2000 | $1,316 | $100,300 |
Find assessor info on the county website
Monthly payment
Est. payment







