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Sold on 04/01/2024
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616 Main St, Sultan, WA 98294

  • $696,079

    Last sold 04/01/2024 for $502K

  • —

    bed

  • —

    bath

  • 2,782

    Sqft ($181/Sqft)

House not for sale
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About 616 Main St

Property type House
Neighborhood
Year built 1917
HOA fee $0/month
Lot size 9,148 Sqft
Movoto estimate
Property description
[HWY 2 FRONTAGE] Total of 3 units, bringing in $3,650 monthly. UC Zoning (Urban Center) which is Commercial and Residential. 432 sqft Business currently used as a Tattoo Shop. 2 story home behind Tattoo shop with 2 separate units. 1092 sqft 2 bed 1 bath Lower unit along with a 670 sqft 1 bed 1 bath upper unit. Laundry in lower unit, laundry is shared. All tenants are month to month. Live in the home and run your business out of the front office. Priced to sell based on condition, the residential side has some deferred maintenance; Roof, gutters, exterior paint, interior paint and flooring. The best priced Multi Family in the entire Snohomish County!
Listed by
Listing Agent - Lance Otto
Listing Office - KW North Sound
Source: NWMLS mls logo
MLS#2203165 • last updated 1 year ago
Movoto checked NWMLS for data 15 minutes ago
Overview
Cooling/AC None
Heating Wall Unit(s)
Levels/Style Triplex
MLS # 2203165
SubType Multi-Family
Type Residential Income
SqFt 2782
Status Sold
Lot Size (SqFt) 9148
Lot Size (Acres) 0.21
Property Tax 2467
Buying Office K Properties NW
Year Built 1917
Buying Office Phone 253-549-9643
Condition Fair
Interior
Interior Features Wall To Wall Carpet
Exterior
Foundation Poured Concrete
Roof Composition
Amenities / Utilities
Sewer/ Septic Sewer Connected, City Of Sultan
Water Company City Of Sultan
Power Company PUD
Power Production: Type Electric, Natural Gas
HOA Amenities Basement
Location
View Territorial
County Snohomish
Subdivision Sultan
Area 750 - East Snohomish County
High School District Sultan
High School Sultan Snr High
APN 27080500200500
Zoning Commercial
Multifamily Details
Net Operating Income 31983
Capitalization Rate 6.7
Expense: Insurance 1500
Expense: Electricity 3145
Gross Scheduled Income 43800
Total Expenses 11817
Gross Rent Multiplier 10.8
Nwm_Totalmonthlyincome 3650
Lot/ Land Details
Site Features Deck, High Speed Internet
$696K
Range: $626K-$765K
Last 30 days 
Rental est.: $2,463/month
Gross rent multiplier: 17.0
Powered By Movoto
  • Apr 2024
    Public Records
  • Apr 1, 2024 Sold
    $502,500
  • Apr 2024
    mls logo MLS # 2203165
  • Apr 1, 2024 Sold
    $502,500 (+5.8%)
  • Mar 1, 2024 Pending
    —
  • Feb 23, 2024 Listed
    $475,000
  • 616 Main St
    $502K
  • 750 - East Snohomish County
    —
  • 98294
    $584K +4% y/y
  • Sultan
    $584K +4% y/y
No chart available
Statistics calculated by Movoto

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4/10
Sultan Senior High School
public Grades 9-12
Sultan School District
Source: GreatSchools.org © 2026. All rights reserved.

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