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Sold on 06/25/2019

1412 1418 Valley Ave E, Sumner, WA 98390

  • $1,857,944

    Last sold 06/25/2019 for $1.16M

  • —

    bed

  • —

    bath

  • 7,072

    Sqft ($164/Sqft)

House not for sale
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About 1412 1418 Valley Ave E

Property type House
Neighborhood
Year built 1968
HOA fee $0/month
Lot size 0.51 Acre
Movoto estimate
Property description
Rare opportunity for a great investment! This well-maintained 8-plex is fully occupied in the desirable location of Sumner. 2 separate parcels included: 5145000110 & 5145000090. 8 garages or room for storage, with a total of 16 parking spaces. Easy access to freeways and close to everything you need! Tenants currently pay their own electricity. All units are 2 bd, 1 bath.
Listed by
Listing Agent - Dennis Folk
Listing Office - Gateway Real Estate
Source: NWMLS mls logo
MLS#1463254 • last updated 1 year ago
Movoto checked NWMLS for data 8 minutes ago
Overview
Levels/Style Multi Family
MLS # 1463254
SubType Multi-Family
Type Residential Income
SqFt 7072
Status Sold
Lot Size (SqFt) 22223
Lot Size (Acres) 0.5102
Property Tax 9086
Buying Office The Preview Group
Year Built 1968
Buying Office Phone 425-488-6000
Condition Average
Interior
Flooring Carpet
Interior Features Wall To Wall Carpet
Exterior
Roof Composition
Construction Standard Frame
# Open Parking Spaces 8
# Covered Spaces 8
# Parking Spaces 16
# Uncovered Spaces 8
Exterior Features Wood Products
Amenities / Utilities
Sewer/ Septic Sewer Connected
Water Public
Water Company City Of Sumner
Power Company PSE
Power Production: Type Electric
Location
County Pierce
Subdivision Sumner
Area 74 - Sumner
Elementary School Daffodil Vly Elem
Middle School Sumner Middle
High School District Sumner
High School Sumner Snr High
APN 5145000110
Zoning Residential
Multifamily Details
Net Operating Income 64854
Capitalization Rate 5.4
Expense: Electricity 1723
Gross Scheduled Income 84960
Expense: Other 1020
Gross Adjusted Income 64854
Total Expenses 20106
Gross Rent Multiplier 14
Nwm_Totalmonthlyincome 7080
Lot/ Land Details
Site Features Cable TV, Deck
$1.85M
Range: $1.67M-$2.04M
Last 30 days 
Rental est.: $1,499/month
Gross rent multiplier: 65.9
Powered By Movoto
  • Jun 2019
    mls logo MLS # 1463254
  • Jun 25, 2019 Sold
    $1,160,000 (-2.1%)
  • May 24, 2019 Listed
    $1,185,000
  • 1412 1418 Valley Ave E
    $1.16M
  • 74 - Sumner
    —
  • 98390
    $570K +3% y/y
  • Sumner
    $570K +2% y/y
No chart available
Statistics calculated by Movoto

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7/10
Daffodil Valley Elementary School
public Grades PK, K-5
Sumner School District
8/10
Sumner Middle School
public Grades 6-8
Sumner School District
7/10
Sumner Senior High School
public Grades 9-12
Sumner School District
Source: GreatSchools.org © 2026. All rights reserved.

Around 74 - Sumner

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