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Sold on 08/30/2024

1501 1503 Wright Ave, Sumner, WA 98390

$616,200

Last sold 08/30/2024 for $610K

  • —

    bed

  • —

    bath

  • 1,664

    Sqft ($367/Sqft)

House not for sale
Listing Broker: Better Properties Real Estate; Genni Thummel-Gravitt
Learn about Sumner's top local Real Estate agents

About 1501 1503 Wright Ave

Property type House
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 9,230 Sqft
Movoto estimate
Property description
Centrally located in adorable downtown Sumner and within walking distance to all amenities! Investors dream location as Sumner is one of Pierce County’s most sought after communities! One side is completely remodeled w/ new flooring, trim, paint, sinks, toilet & PEX plumbing. *NEW ROOF interior & exterior paint* Each unit features: 2 bdrms, 1 full bath, spacious living rooms, kitchen open to eating areas & 1-car garage. Both W/Dryers stay. Fully fenced backyard w/ flagstone patio & plenty of room for BBQ's, entertaining & guests. One side rented through next June 2025 at $2,000 a month, the other is the owners. Choose to owner occupy this duplex or put into your investment portfolio. This area draws a GREAT ROI! Easy to show, call today!!
Listed by
Listing Agent - Genni Thummel-Gravitt
Listing Office - Better Properties Real Estate
Source: NWMLS mls logo
MLS#2270805 • last updated 2 years ago
Movoto checked NWMLS for data 15 minutes ago
Overview
Cooling/AC None
Heating Baseboard
Levels/Style Duplex
MLS # 2270805
SubType Multi-Family
Type Residential Income
SqFt 1664
Status Sold
Lot Size (SqFt) 9230
Lot Size (Acres) 0.2119
Property Tax 4869
Year Built 1960
Buying Office Phone 253-604-6000
Condition Remodeled
Interior
Exterior
Foundation Poured Concrete
Roof Composition
# Open Parking Spaces 4
# Covered Spaces 2
# Parking Spaces 6
# Uncovered Spaces 4
Amenities / Utilities
Sewer/ Septic Sewer Connected, City Of Sumner
Water Public
Water Company City Of Sumner
Power Company PSE
Power Production: Type Electric
Security Features PartiallyFenced
Location
County Pierce
Subdivision Sumner
Area 74 - Sumner
High School District Sumner-Bonney Lake
APN 514500-008-0
Directions See GPS
Zoning Multi-Family
Multifamily Details
Net Operating Income 29092
Capitalization Rate 5
Expense: Insurance 1259
Expense: Electricity 1740
Gross Scheduled Income 40920
Expense: Fuel 1860
Gross Adjusted Income 40920
Total Expenses 11828
Nwm_Totalmonthlyincome 3410
Lot/ Land Details
Site Features Cable TV, Fenced-Fully, Patio
$616K
Range: $575K-$656K
Last 30 days 
Rental est.: $1,606/month
Gross rent multiplier: 31.7
Powered By Movoto
  • Aug 2024
    Public Records
  • Aug 30, 2024 Sold
    $610,000
  • Aug 2024
    mls logo MLS # 2270805
  • Aug 30, 2024 Sold
    $610,000 (+1.7%)
  • Jul 29, 2024 Pending
    —
  • Jul 26, 2024 Listed
    $599,950 (+84.6%)
  • Feb 2019
    Public Records
  • Feb 12, 2019 Sold
    $325,000
  • Feb 2019
    mls logo MLS # 1411245
  • Feb 12, 2019 Sold
    $325,000
  • Feb 12, 2019 Listed
    $325,000
  • Year Property taxes Tax assessment
  • 2026
    $6,622 +15.8%
    $556,600 +14.03%
  • 2025
    $5,717 +17.4%
    $488,100 +3.76%
  • 2024
    $4,869 -7.5%
    $470,400 -9.97%
  • 2023
    $5,264 +9.0%
    $522,500 +28.03%
  • 2022
    $4,828 +9.6%
    $408,100 +22.19%
  • 2021
    $4,405 +25.1%
    $334,000 +9.62%
  • 2019
    $3,522 -1.3%
    $304,700 +8.13%
  • 2018
    $3,566 +24.4%
    $281,800 +11.87%
  • 2017
    $2,867 +18.5%
    $251,900 +33.42%
  • 2015
    $2,418
    $188,800
  • 1501 1503 Wright Ave
    $610K
  • 74 - Sumner
    —
  • 98390
    $564K 0% y/y
  • Sumner
    $567K 0% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
1502 Wright Ave, Sumner, WA 98390 $380,000 3/1 1,025 0.04
1422 Wright Ave, Sumner, WA 98390 $680,900 4/— 2,052 0.04
1510 Wright Ave, Sumner, WA 98390 $503,400 3/— 1,402 0.04
1519 Wright Ave, Sumner, WA 98390 $613,900 3/— 2,671 0.04
1516 Wright Ave, Sumner, WA 98390 $479,700 3/1 1,066 0.04
1907 Langdon St, Sumner, WA 98390 $413,200 2/1 1,165 0.04
1825 Langdon St, Sumner, WA 98390 $415,600 3/1 944 0.05
1917 Langdon St, Sumner, WA 98390 $536,900 3/1 1,802 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.

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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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