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204 8th St, Sultan, WA 98294

$612,000

Last sold 04/11/2022 for $589K

—
bed
—
bath
2,352
Sqft ($250/Sqft)

House not for sale

About 204 8th St

Property type House

Neighborhood

Year built 1998

HOA fee $0/month

Lot size 0.39 Acre

Movoto estimate

Property description

This 1998 constructed duplex offers large single-story units, each with 3 bedrooms and 2 bathrooms, along with an attached single car garage. The building sits on a 16,988 SF lot in burgeoning downtown Sultan. The property maintains steady income with little to no vacancy and has tremendous upside potential through increased rents and improvements. This duplex may be purchased separately or along with the adjacent duplex and single-family home, allowing the prospective investor to take advantage of significant economies.

Listed by

Listing Agent - Nick Hemming

Listing Office - Paragon Real Estate Advisors

Source: NWMLS

MLS#1896164 • last updated 2 years ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Duplex
MLS #	1896164
SubType	Multi-Family
Type	Residential Income
SqFt	2352
Status	Sold
Lot Size (SqFt)	16988
Lot Size (Acres)	0.39
Property Tax	4729
Buying Office	CENTURY 21 Real Estate Center
Year Built	1998
Buying Office Phone	425-775-8525

Interior
Flooring	See Remarks

Exterior
Foundation	See Remarks
Roof	See Remarks
# Covered Spaces	2
# Parking Spaces	2
Exterior Features	See Remarks

Amenities / Utilities
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric
HOA Amenities	See Remarks

Location
County	Snohomish
Subdivision	Sultan
Area	750 - East Snohomish County
Elementary School	Sultan Elem
Middle School	Sultan Mid
High School District	Sultan
High School	Sultan Snr High
APN	479100100202
Zoning	Multi-Family

Multifamily Details
Net Operating Income	30578
Capitalization Rate	5.1
Expense: Insurance	789
Gross Scheduled Income	41340
Expense: Other	250
Gross Adjusted Income	40100
Total Expenses	9522
Gross Rent Multiplier	15
Nwm_Totalmonthlyincome	3445
Vacancy Rate	3

$612K

Range: $532K-$691K

Last 30 days

Lower your payment with the loan terms that fit you.

Apr 2022
Public Records
Apr 11, 2022 Sold
$589,000
Apr 2022
MLS # 1896164
Apr 11, 2022 Sold
$589,000 (-1.8%)
Mar 10, 2022 Pending
—
Mar 3, 2022 Listed
$600,000

Year Property taxes Tax assessment
2025
$5,629 +24.7%

$604,900 +4.91%
2023
$4,513 -4.6%

$576,600 +11.14%
2022
$4,729 +2.7%

$518,800 +14.88%
2021
$4,605 +1.7%

$451,600
2020
$4,527 +21.9%

$451,600 +17.27%
2019
$3,714 -11.6%

$385,100
2018
$4,199 +33.8%

$385,100 +30.85%
2015
$3,138

$294,300

204 8th St
$589K
750 - East Snohomish County
—
98294
$550K -3% y/y
Sultan
$559K -1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
286 Elm Ct, Sultan, WA 98294	$543,000	3/3	1,106	0.02
274 Elm Ct, Sultan, WA 98294	$554,000	3/3	1,106	0.02
206 8th St, Sultan, WA 98294	$380,000	2/1	660	0.03
804 Elm St, Sultan, WA 98294	$516,000	3/2	1,066	0.03
806 Aspen Ln, Sultan, WA 98294	$522,000	3/2	1,052	0.03
262 Elm Ct, Sultan, WA 98294	$549,000	3/2	1,108	0.03
802 Elm St, Sultan, WA 98294	$497,000	3/2	1,076	0.03
808 Elm St, Sultan, WA 98294	$494,000	3/2	1,076	0.03

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.