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211 4th St, Sultan, WA 98294

$674,000

Last sold 06/10/2022 for $650K

—
bed
—
bath
2,328
Sqft ($279/Sqft)

House not for sale

About 211 4th St

Property type House

Neighborhood

Year built 1906

HOA fee $0/month

Lot size 5,663 Sqft

Movoto estimate

Property description

Sultan 5 unit building features 5 efficient 1 bedroom apartments with ample parking and common laundry. The building underwent a major studs out remodel in the early 90’s, which included updating all systems to modern standards. The building has recently had a new pitched composition roof installed as well. This opportunity offers the savvy investor upside through increased rents and improvements in a historically low vacancy building.

Listed by

Listing Agent - Nick Hemming

Listing Office - Paragon Real Estate Advisors

Source: NWMLS

MLS#1896124 • last updated 2 years ago

Movoto checked NWMLS for data 9 minutes ago

Overview
Levels/Style	Multi Family
MLS #	1896124
SubType	Multi-Family
Type	Residential Income
SqFt	2328
Status	Sold
Lot Size (SqFt)	5663
Lot Size (Acres)	0.13
Property Tax	3642
Year Built	1906
Buying Office Phone	206-322-5700

Interior
Flooring	See Remarks

Exterior
Foundation	See Remarks
Roof	See Remarks
# Open Parking Spaces	5
# Parking Spaces	5
# Uncovered Spaces	5
Exterior Features	See Remarks

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

Location
View	See Remarks
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	588801201000
Zoning	Multi-Family

Multifamily Details
Net Operating Income	34907
Capitalization Rate	5.2
Expense: Insurance	2077
Gross Scheduled Income	58080
Expense: Other	4548
Gross Adjusted Income	55176
Total Expenses	20269
Gross Rent Multiplier	11.6
Nwm_Totalmonthlyincome	4840
Vacancy Rate	5

$674K

Range: $613K-$734K

Last 30 days

Rental est.: $2,463/month

• Gross rent multiplier: 22.0

Lower your payment with the loan terms that fit you.

Jun 2022
MLS # 1896124
Jun 10, 2022 Sold
$650,000 (-3.7%)
Apr 9, 2022 Pending
—
Mar 4, 2022 Listed
$675,000

Year Property taxes Tax assessment
2025
$5,320 +40.1%

$580,000 +19.59%
2023
$3,796 +4.2%

$485,000 +21.37%
2022
$3,643 -21.5%

$399,600 +2.46%
2021
$4,643 +18.8%

$390,000
2020
$3,909 +26.3%

$390,000 +21.53%
2019
$3,095 -5.5%

$320,900
2018
$3,276 +16.1%

$320,900 +33.71%
2015
$2,822

$240,000

211 4th St
$650K
750 - East Snohomish County
—
98294
$549K -3% y/y
Sultan
$554K -2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
311 Alder St, Sultan, WA 98294	$399,000	3/2	1,076	0.02
306 Birch St, Sultan, WA 98294	$559,000	3/2	1,560	0.02
311 Birch St, Sultan, WA 98294	$443,000	2/1	1,296	0.03
402 Birch St, Sultan, WA 98294	$502,000	3/2	988	0.03
309 Birch St, Sultan, WA 98294	$454,000	3/1	960	0.03
309 Alder St, Sultan, WA 98294	$386,000	2/1	1,152	0.03
406 Birch St, Sultan, WA 98294	$517,000	3/2	1,420	0.04
202 4th St, Sultan, WA 98294	$641,000	4/1	1,778	0.04

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