1507 Wright Avenue, Sumner, WA 98390

$645,000
1,664
SqFt

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Listing courtesy of Windermere RE West Campus Inc. Selling Office: John L. Scott R.E. Lake Tapps.

Sold Price
$645,000
List Price
$645,000
Status
SOLD
MLS#
2534200
Closing Date
Jul 02, 2026
Days on Market
122
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
1,664
Area Total SqFt
1664
Annual Tax Ammount
5732
Lot Size (sq ft)
9,230
Sewer
Sewer Connected

Property Description

Long-owned & nurtured by fastidious Sellers, this desirable Sumner duplex is a treasure. 2 bedroom, 1 bath units, each with a garage and a fully fenced, generously sized yard. Perfectly located within minutes to all kinds of amenities...restaurants, shops, breweries. 5 minutes to Sounder Train station and also Hwy 410 for easy commuting. Play at beautiful Lake Tapps, just 10 minutes away. Always rented, it's an investor's dream. Likewise, a smart owner occupant Buyer could have a wonderful home AND an incredible investment. PLEASE DO NOT BOTHER THE TENANT in 1509.

Additional Information

List Date
2026-03-02 00:00:00
Community
Sumner
Net Operating Income
$33,521
Gross Adjusted Income
$44,400
Gross Scheduled Income
$44,400
Total Monthly Income
$3,700
Insurance Expenses
$1,626
Water/Sewer/Garbage Expenses
$3,520
Gross Rent Multiplier
14.64
Total Expenses
$10,879
Cap Rate
5.15
Total Number of Units
2
Unit Name
1507
Potential Terms
Cash, FHA, VA Loan
Year Built
1960
Roof
Composition
Site Features
Fenced-Fully, Outbuildings, Patio
Energy Source
Electric
School District
Sumner-Bonney Lake
Total Monthly Income
$3,700
Gross Scheduled Income
$44,400
Gross Adjusted Income
$44,400
Tax Year
2025
Insurance Expense
$1,626
W/S/G Expenses
$3,520
Total Expenses
$10,879
Net Operating Income
$33,521
Gross Rent Multiplier
14.64
Cap Rate
5.15
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.
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