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507 3rd St, Sultan, WA 98294

$761,000
Last sold 09/30/2022 for $805K
—
bed
—
bath
3,874
Sqft ($208/Sqft)

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About 507 3rd St

Property type House

Neighborhood

Year built 1952

HOA fee $0/month

Lot size 0.29 Acre

Movoto estimate

Property 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 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

Listing Agent - Sunny Elston

Listing Office - Windermere Real Estate/East

Source: NWMLS

MLS#1955849 • last updated 1 year ago

Movoto checked NWMLS for data 21 minutes ago

Overview
Levels/Style	Quadruplex
MLS #	1955849
SubType	Multi-Family
Type	Residential Income
SqFt	3874
Status	Sold
Lot Size (SqFt)	12632
Lot Size (Acres)	0.29
Property Tax	4328
Buying Office	Realty One Group Orca
Year Built	1952
Buying Office Phone	360-363-4803
Condition	Good

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Poured Concrete
Roof	Composition
# Open Parking Spaces	2
# Parking Spaces	2
# Uncovered Spaces	2
Exterior Features	Wood

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, City Of Sultan
Water	Public
Water Company	City Of Sultan
Power Company	Snohomish PUD
Power Production: Type	Electric
HOA Amenities	Basement, Thermal Windows

Location
County	Snohomish
Subdivision	In Town - Snohomish
Area	750 - East Snohomish County
Elementary School	Sultan Elem
Middle School	Sultan Mid
High School District	Sultan
High School	Sultan Snr High
APN	28083200307600
Zoning	Multi-Family

Multifamily Details
Net Operating Income	57775
Capitalization Rate	7
Expense: Insurance	2745
Gross Scheduled Income	72720
Gross Adjusted Income	65448
Total Expenses	7673
Gross Rent Multiplier	11.5
Nwm_Totalmonthlyincome	6600
Vacancy Rate	10

Lot/ Land Details
Site Features	Cable TV, Deck, High Speed Internet

$761K

Range: $540K-$981K

Last 30 days

Lower your payment with the loan terms that fit you.

Jul 2026
MLS # 2549035
Jul 22, 2026 Price Change
$900,000 (-5.2%)
Jul 2, 2026 Listed
$949,000 (-19.2%)
Oct 2025
MLS # 2448371
Oct 24, 2025 Listed
$1,175,000 (+46.0%)
Sep 2022
Public Records
Sep 30, 2022 Sold
$805,000
Sep 2022
MLS # 1957986
Sep 30, 2022 Sold
$805,000
Aug 12, 2022 Pending
—
Aug 5, 2022 Price Change
$825,000 (-1.2%)
Jun 23, 2022 Listed
$835,000
Sep 2022
MLS # 1955849
Sep 30, 2022 Sold
$805,000 (-2.4%)
Aug 12, 2022 Pending
—
Jun 23, 2022 Listed
$835,000 (+259.5%)
Feb 2013
Public Records
Feb 28, 2013 Sold
$232,280 (+0.1%)
Feb 2013
MLS # 272340
Feb 28, 2013 Sold
$232,000 (-7.2%)
Sep 8, 2011 Listed
$249,900

507 3rd St
$805K
750 - East Snohomish County
—
98294
$579K -1% y/y
Sultan
$581K -1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
501 3rd St, Sultan, WA 98294	$432,000	2/2	996	0.02
209 Date Ave, Sultan, WA 98294	$609,000	2/2	2,288	0.03
508 3rd St, Sultan, WA 98294	$329,000	—/1	876	0.03
502 3rd St, Sultan, WA 98294	$280,000	—/1	744	0.03
513 3rd St, Sultan, WA 98294	$423,000	2/2	1,127	0.04
512 3rd St, Sultan, WA 98294	$493,000	3/1	1,392	0.05
216 Date Ave, Sultan, WA 98294	$538,000	3/2	1,554	0.05
406 3rd St, Sultan, WA 98294	$410,000	2/1	948	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.