$899,000

7 Beds 4 Baths 3,874 SQFT 0.29 Acres
Type: Multi-Family

507 3rd Street
Sultan, WA 98294

MLS#: 2587795
Presented by: Lamb Real Estate and NWMLS

Property Description

 

OFFERING $25,000 SELLER CREDIT! Perfectly positioned in the heart of Sultan, this updated triplex presents a rare opportunity to invest with rental income already in place and potential to grow. With two units currently occupied, new exterior paint and partially updated roofing, this property offers a strong foundation for continued investment. There is even more potential with an unfinished fourth unit and the possibility to add a DADU, creating the opportunity for additional income-producing units. The lower-level unit has been thoughtfully refreshed with a wide-open floor plan, fresh paint, new flooring, and a bright kitchen featuring new cabinetry, countertops, appliances, and fixtures. Two comfortable bedrooms are accompanied by a refreshed full bathroom and laundry room with new tile and fixtures. The two occupied units have been fully remodeled inside, and each offers two bedrooms, one bathroom, and in-unit laundry. Outside, a shared backyard and ample parking add to the appeal, while Sultan favorites, local schools, and everyday amenities are all within easy walking distance.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

AmenitiesBasement, Thermal Windows
Building Area Units0 sqft
Cap Rate5.27
Carport Spaces0
Carport Y/NNo
CitySultan
CoolingNone
CountySnohomish
DirectionsFrom Hwy-2, Head North on 3rd St. Triplex is on your Left!
Electric Expense0
Elementary SchoolSultan Elem
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingWall Furnace
High SchoolSultan Snr High
High School DistrictSultan
Insurance Expense4829.35
Leasable Area3,294 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet12,632 sqft
Lot Size UnitsSquare Feet
MLS Area750 - East Snohomish County
Middle/Junior High SchoolSultan Mid
NWM_ShowMapLinkY
Net Operating Income0
New ConstructionNo
Number Of Units Total4
PossessionClosing
Possible UseMulti-Family
Property Style53 - Tri-plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksOFFERING $25, 000 SELLER CREDIT! Perfectly positioned in the heart of Sultan, this updated triplex presents a rare opportunity to invest with rental income already in place and potential to grow. With
RoofComposition, Flat, See Remarks
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeTriplex
Subdivision NameSultan
Tax Annual Amount$5,103
Tax Year2026
Units Below Gradetrue
Units In Building Total4
ViewMountains, Territorial
Virtual TourClick here
Water CompanyCity of Sultan
Water Sewer Garbage6590.99
Year Built1952
Zoning DescriptionMulti-Family

Exterior

Building Area Total3,874 sqft
Covered Spaces0
Exterior AmenitiesCement Planked, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCurbs, Paved, Sidewalk
Lot Size Acres0.29
Parking Uncovered Total8
Site FeaturesDeck, Fenced-Partially, Patio
Total Parking8
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School Sultan Elem
High School Sultan Snr High
Middle School Sultan Mid

  

Similar Properties

$899,000

7 Beds 4 Baths 3,874 SQFT 0.29 Acres
Type: Multi-Family

507 3rd Street
Sultan, WA 98294

MLS#: 2587795