Active
7 beds4 baths3,874 sqft
507 3rd St, Sultan, WA 98294
Est: $5,225/moGet pre-approved
Multi FamilyProperty Type
0.29 acresLot Size
1952Year Built
$232/sq ftPrice per sq ft
8 carsParking Spaces

Description

Offering $25,000 seller credit! Perfectly positioned in the heart of Sultan, this updated triplex presents a rare opportunity to invest with rental income already in place and potential to grow. With two units currently occupied, new exterior paint and partially updated roofing, this property offers a strong foundation for continued investment. There is even more potential with an unfinished fourth unit and the possibility to add a DADU, creating the opportunity for additional income-producing units....Offering $25,000 seller credit! Perfectly positioned in the heart of Sultan, this updated triplex presents a rare opportunity to invest with rental income already in place and potential to grow. With two units currently occupied, new exterior paint and partially updated roofing, this property offers a strong foundation for continued investment. There is even more potential with an unfinished fourth unit and the possibility to add a DADU, creating the opportunity for additional income-producing units. The lower-level unit has been thoughtfully refreshed with a wide-open floor plan, fresh paint, new flooring, and a bright kitchen featuring new cabinetry, countertops, appliances, and fixtures. Two comfortable bedrooms are accompanied by a refreshed full bathroom and laundry room with new tile and fixtures. The two occupied units have been fully remodeled inside, and each offers two bedrooms, one bathroom, and in-unit laundry. Outside, a shared backyard and ample parking add to the appeal, while Sultan favorites, local schools, and everyday amenities are all within easy walking distance.
Days on Market Listed Today
Cumulative days on Market: 0
  • Listed by: Kimberly Esquivel 425.499.4950 kim@lambandcompany.com • Lamb Real Estate
Last updated: 09/30/2026 04:20 PM • Source: NWMLS as distributed by MLS GRID, MLS#: 2587795

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Listing Courtesy of Lamb Real Estate
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$5,225 per month

30 year fixed, 7.03% Interest

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$4,799

Property Taxes

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Property Information for 507 3rd Street

Property Details
  • Taxes: $5,103 / year
  • MLS Type: Residential Income
  • Community Name: Sultan
  • School District: Sultan
  • View: Mountains, Territorial
  • Number of Assigned Spaces: 8
  • Total Covered Parking: 0
  • Entry Date: 09-30-2026
  • Energy Source: Electric
  • Sewer: Sewer Connected
Building Information
  • Stories: 2
  • Residences: 4
  • Year Built: 1952
  • Lot Size: 0.29 AC / 12,632 SF
Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Deck, Fenced-Partially, Patio
  • Area: 750 - East Snohomish County
  • Elementary School: Sultan Elem
  • Middle Or Junior School: Sultan Mid
  • High School: Sultan Snr High
  • Directions: From Hwy-2, Head North on 3rd St. Triplex is on your Left!
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
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
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked, Wood Products
  • Roof: Composition, Flat, See Remarks
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 6590.99
  • Power Company: Snohomish County PUD
  • Sewer Company: City of Sultan
  • Water Company: City of Sultan
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 23
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 28083200307600
  • Calculated Square Footage: 3874
  • Structure Type: Triplex
  • 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: 25
  • Number Of Units Total: 4
  • Units Below Grade: true
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 16523.27
  • Gross Adjusted Income: 0
  • Gross Rent Multiplier: 14.21
  • Gross Scheduled Income: $0
  • Insurance Expense: $4,829
  • Net Operating Income: $0
  • Other Expenses: $0
  • Total Monthly Income: 5823
  • 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: true
  • Square Feet Unit 1: 1050
  • Rent Unit 1: $1,900.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • 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
  • Fireplaces Unit 2: 0
  • 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
  • Fireplaces Unit 3: 0
  • 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
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3294.0

Property History for 507 3rd Street

DateEvent & SourcePriceAppreciation
Sep 30, 2026

Listed (Active)

NWMLS #2587795

$899,000—
Sep 30, 2022

Sold

NWMLS #1955849

$805,000—
Sep 7, 2022

Sold (Public Record)

Public Record #1498760557

$805,000

+13.9% / yr

DateEvent & SourcePrice
09/30/2026

Listed (Active)

NWMLS #2587795

$899,000
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$257,000Additions$324,800Total$581,800
Tax Record2026$5,103 ($425 / month)
Home Facts
Baths3Total Finished SqFt2,730 SqFtAbove Ground SqFt2,730 SqFtStories1Lot Size12,632 SqFtStyleTriplexYear Built1952Year Renovated1952ZoningMDCountySNOHOMISHAPN280832-003-076-00

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

507 3rd Street is a multi-family home for sale in Sultan, WA 98294. This property was listed for sale on September 30, 2026 by Lamb Real Estate, it's currently listed at $899,000. It has been on the market for a total of 0 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 Lamb Real Estate

Based on information submitted to the MLS GRID as of 09/30/2026 04:20 PM. 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.