520 Sumner Avenue Unit #524, Sumner, WA 98390
- $1,000,000
- 3,640
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: Better Properties Real Estate.
- Sold Price
- $1,000,000
- List Price
- $1,150,000
- Status
- SOLD
- MLS#
- 2427953
- Closing Date
- Apr 30, 2026
- Days on Market
- 154
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 3,640
- Area Total SqFt
- 3640
- Annual Tax Ammount
- 9309
- Lot Size (sq ft)
- 13,056
- Sewer
- Sewer Connected
Property Description
Price improvement! 5% Cap Rate. One-of-a-kind 5 unit investment property in Downtown Sumner right across the street from Loyalty Park! Property includes a fourplex (two 1-bed & two 2-bed units) plus a 640 sq ft 1 bed + den single-family home. Both buildings recently painted. The fourplex features new windows and insulation. SFH remodeled this year. Recent remodels of fourplex units, including one this year. Very well maintained with beautiful landscaping and a storage shed on the property. Close to Sounder Train station for commuting. Near vibrant Downtown Sumner's shops and restaurants. Very easy to rent- hardly vacant.
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Additional Information
- List Date
- 2025-11-27 00:00:00
- Community
- Downtown Sumner
- Net Operating Income
- $57,132
- Gross Adjusted Income
- $84,942
- Gross Scheduled Income
- $85,800
- Total Monthly Income
- $7,150
- Insurance Expenses
- $3,253
- Water/Sewer/Garbage Expenses
- $8,882
- Gross Rent Multiplier
- 13.4
- Total Expenses
- $27,810
- Cap Rate
- 5
- Vacancy Rate
- 1
- Total Number of Units
- 5
- Unit Name
- 520
- Potential Terms
- Cash, Conventional
- Year Built
- 1958
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Gas Available, High Speed Internet, Outbuildings
- Other Expenses
- 6366
- Energy Source
- Electric, Natural Gas
- School District
- Sumner-Bonney Lake
- Elementary School
- Maple Lawn Elem
- Middle School
- Sumner Middle
- High School
- Sumner Snr High
- Total Monthly Income
- $7,150
- Gross Scheduled Income
- $85,800
- Vacancy Rate
- 1
- Gross Adjusted Income
- $84,942
- Tax Year
- 2025
- Insurance Expense
- $3,253
- W/S/G Expenses
- $8,882
- Total Expenses
- $27,810
- Net Operating Income
- $57,132
- Gross Rent Multiplier
- 13.4
- Cap Rate
- 5
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.