1601 Bonney Ave, Sumner, WA 98390
- $1,070,000
- 4,060
- SqFt
Listing courtesy of COMPASS.
- List Price
- $1,070,000
- Status
- ACTIVE
- MLS#
- 2570341
- Days on Market
- 3
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 4,060
- Area Total SqFt
- 4060
- Annual Tax Ammount
- 13176
- Lot Size (sq ft)
- 11,625
- Sewer
- Sewer Connected
Property Description
Sumner 4 Unit: 6.16 Current CAP. Well-maintained 4-unit apartment building in a prime Sumner location. All four units feature spacious 2-bedroom, 1-bath floorplans of approximately 1,015 SF with in-unit washer/dryers. Lower units offer large private fenced backyards, while upper units feature private decks. Property includes vinyl windows, new exterior paint, forced-air and baseboard heat, 4 covered carport parking spaces, and a storage shed. Recent capital improvements include a fully updated crawl space with new vapor barrier, sump pump, and insulation. Conveniently located just blocks from the Sounder Train, SR-167, downtown Sumner, shopping, dining, and major employment centers. Excellent opportunity to acquire a well-maintained investment property with strong tenant appeal in one of Pierce County's most desirable rental markets.
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Additional Information
- List Date
- 2026-08-18 18:09:14
- Community
- Sumner
- Net Operating Income
- $65,869
- Gross Adjusted Income
- $89,376
- Gross Scheduled Income
- $91,200
- Total Monthly Income
- $7,600
- Insurance Expenses
- $2,580
- Water/Sewer/Garbage Expenses
- $7,751
- Gross Rent Multiplier
- 11.73
- Total Expenses
- $23,507
- Cap Rate
- 6.16
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 1601
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1987
- View
- See Remarks
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- Sumner-Bonney Lake
- Total Monthly Income
- $7,600
- Gross Scheduled Income
- $91,200
- Vacancy Rate
- 2
- Gross Adjusted Income
- $89,376
- Tax Year
- 2026
- Insurance Expense
- $2,580
- W/S/G Expenses
- $7,751
- Total Expenses
- $23,507
- Net Operating Income
- $65,869
- Gross Rent Multiplier
- 11.73
- Cap Rate
- 6.16
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.