507 3rd St

4
Baths
3,874 Sq. Ft.
$303 / Sq. Ft.
3,874
Sq. Ft.
$303
per Sq. Ft.

Description

Welcome to your updated 4-plex with an unfinished unit ready for your vision! Great upside potential as all occupied units have been remodeled. Main units 505 & 507 feature new kitchens, baths, appliances, quartz countertops, LVP flooring, carpet, & interior paint. Bottom unit 503 includes a new bath remodel, all new LVP flooring, & carpet. Unit 509 is unfinished, perfect to convert into a 1-bed, add storage units, or create something else. It also has its own separate legal address. Exterior updates...Welcome to your updated 4-plex with an unfinished unit ready for your vision! Great upside potential as all occupied units have been remodeled. Main units 505 & 507 feature new kitchens, baths, appliances, quartz countertops, LVP flooring, carpet, & interior paint. Bottom unit 503 includes a new bath remodel, all new LVP flooring, & carpet. Unit 509 is unfinished, perfect to convert into a 1-bed, add storage units, or create something else. It also has its own separate legal address. Exterior updates include new siding, new paint & front half of the roof replaced. Plumbing & some electrical upgrades completed. Situated on a huge lot near Sultan schools with plenty of street parking. This property is turnkey with little to do for the future!
  1. Listed by Jose Zaragoza • Realty One Group Orca

Property Details for 507 3rd Street

Community Name
Sultan
School District
Sultan
View
Mountain(s), Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
10-24-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 10/24/2025 04:58 PM

Property Details for 507 3rd Street

StatusActive
MLS #2448371
Days on Market65
Cumulative Days on Market65
Taxes$4,878 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.29 AC / 12,632 SF
CountySnohomish County

Location

Listing Courtesy of Realty One Group Orca
Add your commute

Building Information for 507 3rd Street

Stories2Residences4Year Built1952Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$6,213 per month

30 year fixed, 6.28% Interest

Principal and Interest

$5,806

Property Taxes

$407

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 507 3rd Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • 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: From US 2 in Sultan, turn North on3rd St. Home is on the left about 5 blocksNorth.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Vinyl Plank, Carpet
  • Amenities: Basement,Thermal Windows
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Wall Unit(s)
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 7123.04
  • Power Company: Snohomish PUD
  • Sewer Company: City of Sultan
  • Water Company: City of Sultan
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete, Slab
  • First Right Of Refusal: false
  • MLS Square Footage Source: SCR
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1952
  • Photos Count: 39
Lot Information
  • Lot Details: Sidewalk
  • Lot Size Source: SCR
  • Parcel Number Free Text: 28083200307600
  • Building Condition: Restored
  • Calculated Square Footage: 3874
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3874.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 24936.18
  • Gross Adjusted Income: 62016
  • Gross Rent Multiplier: 18.94
  • Gross Scheduled Income: $62,016
  • Insurance Expense: $4,829
  • Net Operating Income: $46,788
  • Other Expenses: $8,105
  • Total Monthly Income: 6568
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 503
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 1050
  • Rent Unit 1: $1,495.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 505
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1122
  • Rent Unit 2: $1,974.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 507
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1122
  • Rent Unit 3: $1,899.00
  • Bedrooms Unit 3: 2
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 509
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: false
  • Refrigerator Unit 4: false
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 580
  • Rent Unit 4: $1,200.00
  • Bedrooms Unit 4: 1
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3874.0

Property History for 507 3rd Street

DateEvent & SourcePriceAppreciation
Oct 24, 2025

Listed (Active)

NWMLS #2448371

$1,175,000—
Sep 30, 2022

Sold

NWMLS #1955849

$805,000—
Sep 7, 2022

Sold (Public Record)

Public Record #1498760557

$805,000

+13.9% / yr

Aug 12, 2022

Pending

NWMLS #1955849

—
Aug 5, 2022

Price Change

NWMLS #1955849

$825,000—
Jun 23, 2022

Listed (Active)

NWMLS #1955849

$835,000—
Feb 28, 2013

Sold

NWMLS #272340

$232,000—
Feb 25, 2013

Sold (Public Record)

Public Record #348334751

$232,000—
Jan 24, 2013

Pending

NWMLS #272340

—
Sep 8, 2011

Listed (Active)

NWMLS #272340

$257,500—
DateEvent & SourcePrice
10/24/2025

Listed (Active)

NWMLS #2448371

$1,175,000
09/30/2022

Sold

NWMLS #1955849

$805,000
09/07/2022

Sold (Public Record)

Public Record #1498760557

$805,000

+13.9% / yr

08/12/2022

Pending

NWMLS #1955849

—
08/05/2022

Price Change

NWMLS #1955849

$825,000
06/23/2022

Listed (Active)

NWMLS #1955849

$835,000
02/28/2013

Sold

NWMLS #272340

$232,000
02/25/2013

Sold (Public Record)

Public Record #348334751

$232,000
01/24/2013

Pending

NWMLS #272340

—
09/08/2011

Listed (Active)

NWMLS #272340

$257,500

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

Public Records for 507 3rd Street

Taxable ValueLand$209,000Additions$341,700Total$550,700
Tax Record2025$5,211 ($434 / month)
Home Facts
Baths3Total Finished SqFt3,874 SqFtAbove Ground SqFt1,956 SqFtFinished Basement SqFt1,918 SqFtStories2Lot Size12,632 SqFtStyleTriplexYear Built1952ZoningV8CountySNOHOMISHAPN28083200307600Fireplace TypeHas Fireplace

Schools near 507 3rd Street

This home is within Sultan School District.
Rating
School
Type
Grades
Distance
Public - 1 to 8
Public - 9 to 12
Public - K to 12
Public - 9 to 12
Rating
School
Distance
Sultan Parent Partnership Program
Public1 to 8

Sultan Senior High School
Public9 to 12

Sultan Virtual Academy
PublicK to 12

Sky Valley Options
Public9 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

Similar Sold Homes

507 3rd Street is a multi-family home for sale in Sultan, WA 98294. This property was listed for sale on October 24, 2025 by Realty One Group Orca, it's currently listed at $1,175,000. It has been on the market for a total of 65 days and was last sold on September 30, 2022. This listing's school district is Sultan School District. Nearby schools include Sultan Parent Partnership Program, Sultan Senior High School and Sultan Virtual Academy. 507 3rd Street is a 7-bed, 4-bath, 3,874 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Group Orca

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/28/2025 01:56 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.