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10 Monohon Landing Rd, Raymond, WA 98577
About this home
Opportunity knocks, great cashflow!! 24 apartments (2, 3-story buildings) 6-one bed units 12-2 bed/2bath units and 6 3 bed/2ba units with ample parking. PLUS 72 Storage units. Most of the units have been updated with granite counters. Patios, decks, W/D & river views. Rents include water/sewer/garbage. everything is always full with a waiting list. Onsite manager easy for absentee owner. Beautiful corner setting on river w/ mature landscape near town/highway. Boat/RV parking could bring in additional income. Additional income source from two extra parcels previously approved by city. for 18 unit building & 12 storage units. NOT in a flood zone.

Redfin Estimate
Market trends in 98577, WA
Last updated August 2026
Buyer's Market
Seller's Market
Balanced market
- NEW 5 HRS AGO$389,0004 beds1 bath1,512 sq ft23 Elk Creek Rd, Raymond, WA 98577Melanie Seiler • Keller Williams South Sound
- NEW 1 DAY AGO$225,0003 beds1 bath1,128 sq ft905 Peters St, Raymond, WA 98577Kyla Williams • Keller Williams South Sound
- NEW 1 DAY AGO$799,0003 beds2.5 baths2,333 sq ft15 Penny Ln, Raymond, WA 98577Melanie Seiler • Keller Williams South Sound
See all
Provided by Redfin
Sale history for 10 Monohon Landing Rd
$110/sq ft
$110/sq ft
$1/sq ft
$43/sq ft
$4/sq ft
Tax history for 10 Monohon Landing Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 60
- Parking Features: RV Parking
- Open Parking Spaces: 60
- Has Open Parking
Interior
- Heating & Cooling
- Has Heating
- Interior Features
- Interior Features: Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
- Flooring: Ceramic Tile, Engineered Hardwood, Laminate, Vinyl, Carpet
Exterior
- Building Information
- Construction Methods: Standard Frame,Steel & Concrete
- Roof: Composition, Metal
- Exterior Features
- Exterior Features: Cement/Concrete, Metal/Vinyl
- Waterfront Information
- On Waterfront
- Waterfront Features: Bank-Medium, River Access
- Property Information
- Energy Source: Electric
- Style Code: 56 - 10+ Units
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Property Condition: Good
- Has View
- Land Information
- Possible Use: Commercial, Multi-Family
- Lot Information
- MLS Lot Size Source: Realist
- Site Features: Cable TV,Deck,Fenced-Fully,Fenced-Partially,High Speed Internet,Outbuildings,Patio,RV Parking
- Zoning Jurisdiction: City
- Lot Features: Corner Lot, Paved
- Lot Size Units: Square Feet
- Lot Size Acres: 2.9904
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $19,728
- Tax Year: 2020
- Financial Information
- Buyer Financing: Conventional
Utilities
- Utility Information
- Water Source: Public
- Water Company: City of Raymond
- Power Company: Pacific Co PUD #2
- Sewer: Sewer Connected
- Sewer Company: City of Raymond
- Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
- Water Sewer Garbage: 26400
Location
- Multi-Family Financial Information
- Insurance Expense: $12,000
- Other Expense: $12,000
- Net Operating Income: $272,115
- Gross Adjusted Income: 342240
- Gross Scheduled Income: $342,240
- Total Monthly Income: 28850
- Gross Rent Multiplier: 10
- Total Expenses: 70128
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 96
- # of Units (Total): 99
- Furnished: Unfurnished
- School Information
- Elementary School: Raymond Elem
- Middle Or Junior High School: Raymond Jnr Snr High
- High School: Raymond Jnr Snr High
- High School District: Raymond
- Community Information
- Amenities: Fire Sprinklers,Thermal Windows
Public facts
- Beds: —
- Baths: —
- Sq. Ft.: 15,462
- Stories: 3.0
- Lot Size: 1.07 acres
- Style: Other
- Year Built: 2009
- Year Renovated: —
- County: Pacific County
- APN: 72052013001
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- On Market Date: Wednesday, February 23, 2022
- Green Information
- Green Energy Efficient: Thermal Windows
- Power Production Type: Electric
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 34186
- Building Area Total: 34186
- Building Area Units: Square Feet
- Foundation Details: Poured Concrete
- Building Name: Monohon Landing
- Year Built Effective: 2009
- Effective Year Built Source: Public Records
- Structure Type: Multi Family
- Stories Total: 2
Around this home
Schools
Public K-6 • Assigned • 0.7mi
Public 7-12 • Assigned • 0.7mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 83° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
6 unhealthy days expected this year, 7 days in 30 years
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
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Nearby similar homes
New listings for sale in 98577
Home values near 10 Monohon Landing Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1468 Sq. Ft. | $260,390 |
- Beds | - Baths | 1022 Sq. Ft. | $225,207 |
| Address | Redfin Estimate |
|---|---|
1 Beds | 1 Baths | 912 Sq. Ft. | $141,174 |
2 Beds | 2 Baths | 1408 Sq. Ft. | $312,299 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | 1632 Sq. Ft. | $306,743 |
3 Beds | 3 Baths | 1729 Sq. Ft. | $217,521 |
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