507 3rd Street, Sultan, WA 98294

Sultan
Local realty services provided by:RSVP Brokers ERA
Listed by: jose zaragoza
Office: realty one group orca
MLS#:2549035
Source:NWMLS
507 3rd Street,Sultan, WA 98294
$900,000
  • - Beds
  • - Baths
  • 3,874 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$900,000
  • Price per sq. ft.:$232.32

About this home

Rare fully-renovated 4-plex offering immediate cash flow and a clear value-add path — plus a $10,000 seller credit toward closing costs or a rate buy-down, accretive to day-one returns. Three of four units are fully remodeled and turnkey — Units 505 & 507 are tenant-occupied, and Unit 503 has been completely renovated to the same standard (new cabinets, quartz counters, tile bath, LVP flooring) and is move-in ready, with multiple rental inquiries already in hand at an estimated $1,900/mo. Units 503 & 507 also feature new water heaters, with Unit 505's water heater installed in 2019 — added peace of mind on mechanicals. Once leased, projected NOI reaches approximately $50,000+ on gross scheduled income of $66,671. Unit 509 is unfinished and represents additional built-in upside: convert to a 1-bed for an estimated $1,200/mo, pushing the cap rate toward 6%+ with minimal capital outlay. Exterior fully updated — new siding, new paint, front half of roof replaced, plumbing & electrical...

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Home facts

  • Year built:1952
  • Subdivision & Development:Sultan
  • Listing ID #:2549035
  • Updated:July 31, 2026 at 11:40 AM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor, Vinyl Plank
  • Living area:3,874 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1952
  • Building area:3,874 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Sidewalk
  • Construction Materials:Cement Planked

Schools

  • High school:Sultan Snr High
  • Middle school:Sultan Mid
  • Elementary school:Sultan Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$900,000
  • Price per sq. ft.:$232.32
  • Tax amount:$5,211 (2025)

Parking

  • Total parking spaces:8
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 31, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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