507 3rd St

Sultan, WA 98294

$949,000
Price
7
Beds
4
Baths
3,874 Sq. Ft.
$245 / Sq. Ft.
3,874
Sq. Ft.
$245
per Sq. Ft.
Get preapproved with Rocket Mortgage1
New
New
Listing provided courtesy of Realty One Group Orca
Source: Northwest MLS

Description

Welcome to your updated 4-plex — the perfect house-hack opportunity or first home for the savvy buyer! Unit 503 is vacant, making this property a great fit for owner-occupant financing (including low-down-payment FHA & VA loans) - move into the fully remodeled, move-in-ready unit while your tenants in units 505 & 507 help cover or completely offset your monthly mortgage. Unit 503 features new cabinets, quartz countertops, appliances, a tile bathroom, new LVP flooring, and fresh interior paint - just...Welcome to your updated 4-plex — the perfect house-hack opportunity or first home for the savvy buyer! Unit 503 is vacant, making this property a great fit for owner-occupant financing (including low-down-payment FHA & VA loans) - move into the fully remodeled, move-in-ready unit while your tenants in units 505 & 507 help cover or completely offset your monthly mortgage. Unit 503 features new cabinets, quartz countertops, appliances, a tile bathroom, new LVP flooring, and fresh interior paint - just bring your furniture! Units 505 & 507 are already-tenanted and have been fully remodeled with new kitchens, baths, appliances, quartz countertops, LVP flooring, carpet, & interior paint. Unit 509 is unfinished, offering exciting upside - convert it into a 1-bed for even more rental income, add storage, or make it your own; it has its own separate legal address. Exterior updates include new siding, new paint, & front half of the roof replaced, plus plumbing & electrical upgrades completed. Situated on a huge lot near Sultan schools with plenty of street parking. Live in one, rent the rest, and grow into unit 509 down the road — this is turnkey house-hacking made easy!
  1. Listed by Jose Zaragoza • Realty One Group Orca
    P: (360)-363-4803 jose.a.zaragoza@outlook.com

Property Details for 507 3rd Street

Community Name
Sultan
School District
Sultan
View
Mountains, Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
07-02-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 07/03/2026 09:43 AM

Property Details for 507 3rd Street

StatusActive
MLS #2549035
Days on Market1
Cumulative Days on Market1
Taxes$4,878 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.29 AC / 12,632 SF
CountySnohomish County
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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

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$5,135 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,729

Property Taxes

$407

HOA Dues

$0

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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
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking: No
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 Furnace
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: 37
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
  • Total Uncovered Parking: 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: 7023
  • 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: $1,900.00
  • 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: 1222
  • 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: $1,949.00
  • 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
Jul 2, 2026

Listed (Active)

NWMLS #2549035

$949,000—
Sep 30, 2022

Sold

NWMLS #1955849

$805,000—
Sep 7, 2022

Sold (Public Record)

Public Record #1498760557

$805,000

+13.9% / yr

DateEvent & SourcePrice
07/02/2026

Listed (Active)

NWMLS #2549035

$949,000
09/30/2022

Sold

NWMLS #1955849

$805,000
09/07/2022

Sold (Public Record)

Public Record #1498760557

$805,000

+13.9% / yr

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

Public Records for 507 3rd Street

Taxable ValueLand$229,000Additions$353,800Total$582,800
Tax Record2025$5,211 ($434 / month)
Home Facts
Baths3Total Finished SqFt3,874 SqFtAbove Ground SqFt1,956 SqFtFinished Basement SqFt1,918 SqFtStories2Lot Size12,632 SqFtStyleTriplexYear Built1952ZoningMDCountySNOHOMISHAPN28083200307600Fireplace TypeHas Fireplace

Schools near 507 3rd Street

This home is within Sultan School District.
Rating
School
Type
Grades
Distance
Sultan Parent Partnership Program
Public - 1 to 8
Sultan Senior High School
Public - 9 to 12
Sultan Virtual Academy
Public - K to 12
Sky Valley Options
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.

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More information about 507 3rd Street, Sultan, WA 98294

507 3rd Street is a multi-family home for sale in Sultan, WA 98294. This property was listed for sale on July 2, 2026 by Realty One Group Orca, it's currently listed at $949,000. It has been on the market for a total of 1 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 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 Realty One Group Orca

Based on information submitted to the MLS GRID as of 07/03/2026 09:43 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.