USAWASultanSultan507 3Rd St
Listing image | Image 1

507 3Rd St, Sultan, WA

House

For Sale

Listed price in listed location currency (USD).
$900,000

008

MLS® 2549035

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $5,211
Days Active 25
Lot Size 0.29 Acres
Approx. Age 1952
MLS® Number 2549035

Property Address: 507 3rd St, Sultan, WA, 98294-9477

Average square foot calculated using Size range provided by listing agent.

Description

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 upgrades completed. Separate legal address on Unit 509 adds flexibility for a refinance. Huge .29-acre lot, 8+ off-street parking spaces, strong Sultan rental demand. Also ideal for an owner-occupant buyer: move into vacant, fully-remodeled Unit 503 with low-down-payment FHA or VA financing and let 505 & 507 help cover the mortgage — turnkey house-hacking made easy.
MLS® Number2549035
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1952
Basement
Driveway
Garage Spaces
HeatWall Furnace
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 2, 2026List Date
$900,000List Price
  • Commute

Commute

Starting Address
Destination Address
507 3Rd St, Sultan, WA

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