414 Sumner Avenue, Sumner, WA 98390
- $671,000
- 1,904
- SqFt
Listing courtesy of John L. Scott, Inc. Selling Office: John L. Scott R.E. Lake Tapps.
- Sold Price
- $671,000
- List Price
- $679,950
- Status
- SOLD
- MLS#
- 2486570
- Closing Date
- Apr 17, 2026
- Days on Market
- 11
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 1,904
- Area Total SqFt
- 1904
- Annual Tax Ammount
- 6798
- Lot Size (sq ft)
- 12,016
- Sewer
- Sewer Connected
Property Description
Located on a quiet street in downtown Sumner, this Craftsman-style triplex is full of character and charm. The property features two renovated one-bedroom units, one with a separate exterior entrance, and a spacious studio. The 860 sq ft separately metered unfinished attic with 14’ vaulted ceilings offers an excellent opportunity to finish the space for owner occupancy or potentially create an additional unit. There is also a large unfinished basement for storage. Current below-market rents offer strong potential for increased income. The property includes four parking spaces plus ample off-street parking. Enjoy nicely landscaped grounds and well-maintained walkways. The home was completely rewired in 2019, and all units have separate electrical and gas meters. The property also features Mount Rainier views. Don’t miss this exceptional investment opportunity.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-04-06 00:00:00
- Community
- Downtown Sumner
- Net Operating Income
- $30,757
- Gross Adjusted Income
- $44,100
- Gross Scheduled Income
- $44,100
- Total Monthly Income
- $3,485
- Insurance Expenses
- $2,828
- Water/Sewer/Garbage Expenses
- $3,756
- Gross Rent Multiplier
- 15.4
- Total Expenses
- $14,462
- Cap Rate
- 4.53
- Total Number of Units
- 3
- Unit Name
- 414
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1900
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Gas Available, Outbuildings, RV Parking
- Electric Expenses
- 1080
- Energy Source
- Electric, Natural Gas
- School District
- Sumner-Bonney Lake
- Elementary School
- Bonney Lake Elem
- Middle School
- Sumner Middle
- High School
- Bonney Lake High
- Total Monthly Income
- $3,485
- Gross Scheduled Income
- $44,100
- Gross Adjusted Income
- $44,100
- Tax Year
- 2026
- Insurance Expense
- $2,828
- W/S/G Expenses
- $3,756
- Total Expenses
- $14,462
- Net Operating Income
- $30,757
- Gross Rent Multiplier
- 15.4
- Cap Rate
- 4.53
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.