507 3rd Street
507 3rd Street
Sultan, WA 98294
$805,000
Last Sold Price
7
Beds
4
Baths
3,874 Sq. Ft.
$208 / Sq. Ft.
3,874
Sq. Ft.
$208
per Sq. Ft.
Sold 9/30/22
Sold 9/30/22
Listing provided courtesy of Windermere Real Estate/East, Realty One Group Orca
Description
Welcome to this nice, well-maintained, 4-plex on a large, sunny, level lot located in center of Sultan. There are three existing 2-bedroom, 1-bath units & a fourth 1-bed, 1-bath unit (with existing legal address) ready for you to build out, creating instant additional value to the property. Perfect for owner occupier with rental income. Owner could add 4th unit, or expand their personal residence. Add carport and fence different areas of the yard to create a very nice owner's unit or obtain higher...Welcome to this nice, well-maintained, 4-plex on a large, sunny, level lot located in center of Sultan. There are three existing 2-bedroom, 1-bath units & a fourth 1-bed, 1-bath unit (with existing legal address) ready for you to build out, creating instant additional value to the property. Perfect for owner occupier with rental income. Owner could add 4th unit, or expand their personal residence. Add carport and fence different areas of the yard to create a very nice owner's unit or obtain higher rents. Public sewer & water. High-speed internet available. Financials are pro-forma and sq. ft. includes unfinished 4th unit. Elementary school 1-block away and multiple parks near by. Pre-inspection report available.
- Listed by Sunny Elston • Windermere Real Estate/East
- Listed by Hadley Elston • Windermere Real Estate/East
Property Details for 507 3rd Street
Community Name
In Town - Snohomish
School DistrictSultan
ViewMountain(s), Territorial
Number of Assigned Spaces2
Total Covered Parking0
Entry Date06-23-2022
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Windermere Real Estate/East![]()
Sold By Realty One Group Orca
Add your commute
LISTING UPDATED: 10/03/2022 12:06 PM
Property Details for 507 3rd Street
| Status | Sold |
|---|---|
| MLS # | 1955849 |
| Days on Market | 50 |
| Cumulative Days on Market | 585 |
| Taxes | $4,328 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1952 |
| Lot Size | 0.29 AC / 12,632 SF |
| County | Snohomish County |
Location
Listing Courtesy of Windermere Real Estate/East![]()
Sold By Realty One Group Orca
Add your commute
Building Information for 507 3rd Street
Stories3Residences4Year Built1952Building Size-Lot Size0.29 AC / 12,632 SF
Payment Calculator
$4,754 per month
30 year fixed, 7.25% Interest
Principal and Interest
$4,393
Property Taxes
$361
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
- Site Features: Cable TV, Deck, High Speed Internet
- Area: 750 - East Snohomish County
- Elementary School: Sultan Elem
- Middle Or Junior School: Sultan Mid
- High School: Sultan Snr High
- Directions: From US 2 in Sultan, turn North on 3rd St. Home is on the left about 5 blocks North.
- 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: 2.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Furnished: Unfurnished
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Amenities: Basement,Thermal Windows
- Fireplace: No
- Heating: Yes
- FIRPTA: No
Exterior Features
- Exterior: Wood
- Roof: Composition
Property
Utilities
- Heating and Cooling: Baseboard,Wall
- Water Source: Public
- Water/Sewer/Garbage: 600
- Power Company: Snohomish PUD
- Sewer Company: City of Sultan
- Water Company: City of Sultan
- Power Production Type: Electric
- Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- Letter On File: Duplicate Prop Type
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 24
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Dimensions: 110 ft x 110 ft
- Lot Size Source: Public Records
- Parcel Number Free Text: 28083200307600
- Building Condition: Good
- 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: 2
- Number of Stories in Building: 3
- Vacancy Rate: 10
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 7673
- Gross Adjusted Income: 65448
- Gross Rent Multiplier: 11.5
- Gross Scheduled Income: $72,720
- Insurance Expense: $2,745
- Net Operating Income: $57,775
- Other Expenses: $0
- Total Monthly Income: 6600
- Fuel Expense: $0
Unit 1
- Name Unit 1: 509
- Range/Oven Unit 1: true
- Square Feet Unit 1: 580
- Rent Unit 1: $1,200.00
- Bedrooms Unit 1: 1
- 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: $1,580.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- 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: $1,580.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 503
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 1050
- Rent Unit 4: $1,700.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3874.0
- Leasable Area Units: Square Feet
Property History for 507 3rd Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
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$164,000Additions$287,300Total$451,300
Tax Record2022$4,114 ($343 / month)
Home Facts
Baths3Total Finished SqFt2,730 SqFtAbove Ground SqFt2,730 SqFtUnfinished Basement Area1,144 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 - | K to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Columbia Virtual Academy Sultan PublicK to 12 | ||
Sultan Senior High School Public9 to 12 | ||
Sky Valley Options Public9 to 12 | ||
Sultan Parent Partnership Program PublicK to 8 |
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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Windermere Real Estate/East
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.