About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

401 8th St, Sultan, WA 98294

$1,212,000

Last sold 03/10/2022 for $1.15M

—
bed
—
bath
7,260
Sqft ($158/Sqft)

House not for sale

About 401 8th St

Property type House

Neighborhood

Year built 1981

HOA fee $0/month

Lot size 0.55 Acre

Movoto estimate

Property description

Great opportunity to increase your portfolio with this 6-plex. Each unit is 2 bedrooms, 1.5 baths with washers & dryers. Off street parking, storage sheds and backyard/patio area complement each unit. Roof replaced a couple of years ago. Long term tenants are month to month (5 years-13 years).

Listed by

Listing Agent - Debbie Finch

Listing Office - Windermere Real Estate M2 LLC

Source: NWMLS

MLS#1869250 • last updated 2 years ago

Movoto checked NWMLS for data 5 minutes ago

Overview
Levels/Style	Multi Family
MLS #	1869250
SubType	Multi-Family
Type	Residential Income
SqFt	7260
Status	Sold
Lot Size (SqFt)	23958
Lot Size (Acres)	0.55
Property Tax	6916
Buying Office	Keller Williams Rlty Bellevue
Year Built	1981
Buying Office Phone	425-454-0911

Interior
Interior Features	Wall To Wall Carpet

Exterior
Roof	Composition
# Open Parking Spaces	12
# Parking Spaces	12
# Uncovered Spaces	12

Amenities / Utilities
Sewer/ Septic	Sewer Connected, City Of Sultan
Water	Public
Water Company	City Of Sultan
Power Production: Type	Electric

Location
View	Territorial
County	Snohomish
Subdivision	Sultan
Area	750 - East Snohomish County
High School District	Sultan
APN	28083200314300
Directions	Highway 2 To Sultan. North On Main St. Right On 8th.
Zoning	Multi-Family, See Remarks

Multifamily Details
Net Operating Income	22023
Capitalization Rate	1.8
Expense: Insurance	3820
Gross Scheduled Income	57000
Expense: Other	10668
Gross Adjusted Income	57000
Total Expenses	34972
Gross Rent Multiplier	21.05
Nwm_Totalmonthlyincome	4750

Lot/ Land Details
Site Features	Cable TV

$1.21M

Range: $812K-$1.61M

Last 30 days

Rental est.: $2,463/month

• Gross rent multiplier: 38.9

Lower your payment with the loan terms that fit you.

Mar 2022
Public Records
Mar 10, 2022 Sold
$1,150,000
Mar 2022
MLS # 1869250
Mar 10, 2022 Sold
$1,150,000 (-4.2%)
Feb 5, 2022 Pending
—
Dec 2, 2021 Listed
$1,200,000

Year Property taxes Tax assessment
2025
$9,656 +32.6%

$1,050,000 +12.9%
2023
$7,280 +6.9%

$930,000 +25.17%
2022
$6,807 -19.9%

$743,000 +7.68%
2021
$8,503 +22.9%

$690,000
2020
$6,916 +8.7%

$690,000 +4.55%
2019
$6,365 -15.2%

$660,000
2018
$7,505 +12.1%

$660,000 +19.57%
2015
$6,695

$552,000

401 8th St
$1.15M
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
400 8th St, Sultan, WA 98294	$540,000	3/2	1,502	0.03
402 8th St, Sultan, WA 98294	$250,000	2/1	924	0.03
404 8th St, Sultan, WA 98294	$373,000	3/2	1,152	0.03
501 8th St, Sultan, WA 98294	$581,000	3/2	1,890	0.04
310 8th St, Sultan, WA 98294	$519,000	3/2	1,300	0.04
406 8th St, Sultan, WA 98294	$674,000	4/2	2,098	0.04
801 Pine St, Sultan, WA 98294	$457,000	2/1	896	0.04
308 8th St, Sultan, WA 98294	$633,000	—/2	2,230	0.05

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