Sold
Last Sold Price
2,328 sqft
211 4th St, Sultan, WA 98294
Multi FamilyProperty Type
0.13 acresLot Size
1906Year Built
$279/sq ftPrice per sq ft
5 carsParking Spaces

Description

Sultan 5 unit building features 5 efficient 1 bedroom apartments with ample parking and common laundry. The building underwent a major studs out remodel in the early 90’s, which included updating all systems to modern standards. The building has recently had a new pitched composition roof installed as well. This opportunity offers the savvy investor upside through increased rents and improvements in a historically low vacancy building.Sultan 5 unit building features 5 efficient 1 bedroom apartments with ample parking and common laundry. The building underwent a major studs out remodel in the early 90’s, which included updating all systems to modern standards. The building has recently had a new pitched composition roof installed as well. This opportunity offers the savvy investor upside through increased rents and improvements in a historically low vacancy building.
  • Listed by: Nick Hemming 206.623.8880 nhemming@paragonrea.com • Paragon Real Estate Advisors
  • Listed by: Jacob Odegard 206.623.8880 jacob@paragonrea.com • Paragon Real Estate Advisors
Listing closed: 06/10/2022 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1896124

Location

Listing Courtesy of Paragon Real Estate Advisors

Sold By RE/MAX Metro Realty, Inc.

Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$3,662 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,359

Property Taxes

$304

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 211 4th Street

Property Details
  • Taxes: $3,642 / year
  • MLS Type: Residential Income
  • Community Name: Sultan
  • School District: Sultan
  • View: See Remarks
  • Number of Assigned Spaces: 5
  • Total Covered Parking: 0
  • Entry Date: 03-04-2022
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 5
  • Year Built: 1906
  • Lot Size: 0.13 AC / 5,663 SF
Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 750 - East Snohomish County
  • Elementary School: Sultan Elem
  • Middle Or Junior School: Sultan Mid
  • High School: Sultan Snr High
  • Effective Year Built Source: Public Records
  • Directions: Get on I-5 N, continue on I-5 N to Paine Field-Lake Stickney, get on WA-526 E in Everett, continue on WA-526 E. Take I-5 N to US-2 E. Take exit 194 from I-5 N, follow US-2 E to 4th St in Sultan
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2021
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: See Remarks
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: See Remarks
  • Roof: See Remarks
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 10002
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: See Remarks
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: No
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1990
  • Photos Count: 7
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 00588801201000
  • Calculated Square Footage: 2328
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2328.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 20269
  • Gross Adjusted Income: 55176
  • Gross Rent Multiplier: 11.6
  • Gross Scheduled Income: $58,080
  • Insurance Expense: $2,077
  • Net Operating Income: $34,907
  • Other Expenses: $4,548
  • Total Monthly Income: 4840
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2328.0
  • Leasable Area Units: Square Feet

Property History for 211 4th Street

DateEvent & SourcePriceAppreciation
Jun 10, 2022

Sold

NWMLS #1896124

$650,000
Jun 6, 2022

Sold (Public Record)

Public Record #1491843969

$650,000

+20102690139.9% / yr

Apr 18, 2022

Sold (Public Record)

Public Record #1488340992

$50,000
DateEvent & SourcePrice
06/10/2022

Sold

NWMLS #1896124

$650,000
06/06/2022

Sold (Public Record)

Public Record #1491843969

$650,000

+20102690139.9% / yr

04/18/2022

Sold (Public Record)

Public Record #1488340992

$50,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 211 4th Street

Taxable ValueLand$192,000Additions$418,000Total$610,000
Tax Record2026$5,350 ($446 / month)
Home Facts
Baths5Total Finished SqFt4,248 SqFtAbove Ground SqFt3,288 SqFtFinished Basement SqFt960 SqFtStories2Lot Size5,663 SqFtStyleMulti-Family Dwelling (2-4)Year Built1906Year Renovated1982ZoningHDCountySNOHOMISHAPN005888-012-010-00

Schools near 211 4th Street

This home is within Sultan School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 1 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Sultan Elementary School
PublicK to 5

Sultan Parent Partnership Program
Public1 to 8

Sultan Senior High School
Public9 to 12

Sultan Virtual Academy
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

New listings in 98294

$528,500 | 32815 138th Street Southeast, Sultan, WA 98294
1/29
Open: 9/19 10:00AM - 02:00PMNew

$528,500

2
Bedrooms
1,474
Square Feet
1.49
Acres
$530,000 | 12115 319th Avenue Southeast, Sultan, WA 98294
1/38
First LookOpen: 9/19 11:00AM - 01:00PM

$530,000

3
Bedrooms
1,479
Square Feet
0.09
Acres
$389,000 | 708 Alder Street, Sultan, WA 98294
1/32
Listed By Coldwell Banker RealtyOpen: 9/20 02:00PM - 05:00PM

$389,000

2
Bedrooms
750
Square Feet
$559,900 | 32525 Marguerite Lane, Sultan, WA 98294
1/34

$559,900

4
Bedrooms
1,843
Square Feet
0.11
Acres
$499,900 | 32709 Marguerite Lane, Sultan, WA 98294
1/25

$499,900

4
Bedrooms
1,880
Square Feet
0.1
Acres
$494,000 | 920 Perkins Way, Sultan, WA 98294
1/30
Open: 9/20 11:00AM - 01:00PM

$494,000

3
Bedrooms
1,108
Square Feet
0.16
Acres
$779,000 | 32813 132nd Street Southeast, Sultan, WA 98294
1/26

$779,000

3
Bedrooms
1,384
Square Feet
20
Acres
$595,000 | 1010 Dyer Road, Sultan, WA 98294
1/35
Virtual Tour

$595,000

2
Bedrooms
1,760
Square Feet
0.47
Acres
a front view of a house with a yard and garage
1/24
Virtual Tour

$400,000

2
Bedrooms
856
Square Feet
0.43
Acres

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 211 4th Street, Sultan, WA 98294
$650,000
2,328
5,663
$450,000
4
2,871
9,148
3
2
1,560
8,276
$230,000
3
3,000
7,832
$264,000
3
1,469
6,534
$575,000
1,472
6,970

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Paragon Real Estate Advisors

Based on information submitted to the MLS GRID as of 09/05/2024 05:44 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.