#2336723, Matt Hagwood, Listing Office: Heaton Dainard, LLC

503 1st Ave E Pacific, WA 98047
Property details
About 503 1st Ave E
Exciting investment opportunity! This expansive .40-acre corner lot is primed for redevelopment, offering endless potential for multifamily units. Zoned for single-family, RML and light industrial, this property provides multiple lucrative building options (details available through your agent). The existing 3-bed, 2-bath home with a detached shop has been in the same family since 1964 and, while in need of a rehab, could still serve as a charming single-family residence. However, the true value lies in maximizing the lot’s potential for multifamily development—a smart move in this growing neighborhood. Don’t miss this chance to turn vision into profit! CASH ONLY. Buyer to investigate all info. Call your agent directly for info.
Highlights
Summary
- Full Bathrooms: 1
- Basement: No
- Flooring Type: Hardwood
- Interior: Bath Off Primary, Dining Room, Hardwood, Water Heater
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: Driveway, Off Street
- Exterior: Wood
- Heating: Baseboard
- Cooling: None
- List Price: $445,000
- Price/SqFt: $356
- Annual Tax Amount: $3,891
- Tax Year: 2022
- Lot: Corner Lot, Paved
- Directions: Follow your gps.
- Year Built: 1964
- Living Area: 1,250 SqFt
- Lot Size: 0.3996 Acres
- MLS Number: 2342993
- MLS Name: NWMLS
- Office Name: Windermere RE West Campus Inc
- Office Phone: (253) 838-7900
- Listing Agent: Kari Roberts
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
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Last updated on: 5/8/2025, 2:47:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$445,000
503 1st Ave E
$5,284
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
Year | Assessment | Property Tax |
---|---|---|
2022 | $352,000 | $3,891 |
2021 | $273,000 | $3,499 |
2020 | $255,000 | $3,014 |
2018 | $204,000 | $2,479 |
2017 | $184,000 | $2,817 |
History based on county public records data.
Nearby schools
6
Alpac Elementary School
Public District PK-5
0.5 mi
•310 Milwaukee Blvd N
5
Ilalko Elementary School
Public District PK-5
0.6 mi
•301 Oravetz Pl SE
4
Gildo Rey Elementary School
Public District PK-5
1.3 mi
•1005 37th St SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,212. Most Pacific, WA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 503 1st Ave E
The listing price of 503 1st Ave E property is $445,000.
The property 503 1st Ave E is a house located in Pacific, Washington, 98047.
Active Listing: 503 1st Ave E is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 503 1st Ave E are: Alpac Elementary School (GreatSchools Rating 6/10), Ilalko Elementary School (GreatSchools Rating 5/10), Gildo Rey Elementary School (GreatSchools Rating 4/10), Mount Baker Middle School (GreatSchools Rating 4/10), Olympic Middle School (GreatSchools Rating 3/10), Sequoyah Middle School (GreatSchools Rating 3/10), Auburn Riverside High School (GreatSchools Rating 5/10), West Auburn Senior High School (GreatSchools Rating 1/10), Auburn Opportunity Project (GreatSchools Rating 1/10).
According to the records, the last property tax for 2022 is $3,891 (source: MLS/based on county public records data).
The property at 503 1st Ave E has 3 bedrooms and 2 bathrooms.
The property 503 1st Ave E is 1,250 SqFt (source: MLS/tax record).
The year of construction for 503 1st Ave E is 1964.
This home is located at 503 1st Ave E in Pacific, WA and zip code 98047. This 1,250 square foot home, which was built in 1964, sits on a 0.40 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 13, 2025 and is currently priced at $445,000.
Pacific, WA housing market in April 2025 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 2 sold below. The number of homes for sale in Pacific, WA did not change between March and April 2025. In April 2025 median list price was $555,000 and the average listing age was 15 days.