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

1702 16th St, Sumner, WA 98390

$602,000

Last sold 07/06/2020 for $501K

—
bed
—
bath
2,364
Sqft ($212/Sqft)

House not for sale

About 1702 16th St

Property type House

Neighborhood

Year built 1965

HOA fee $0/month

Lot size 8,083 Sqft

Movoto estimate

Property description

Great investment opportunity to own a triplex in the highly sought after Sumner area. Great location near the Sounder train, major freeway access and close to shopping. 2 units are 2bdrm and 1 unit is 1bdrm. Updated kitchens and bathrooms with granite tile and refinished original hardwoods. Roof less than 10 yrs old. Coin op laundry. Fully rented income producing property. Middle 2bdrm is rented by family member and will be vacated by closing allowing new owner to move in if desired.

Listed by

Listing Agent - Denny Davison

Listing Office - JohnSRealty

Source: NWMLS

MLS#1604079 • last updated 2 years ago

Movoto checked NWMLS for data 10 minutes ago

Overview
Levels/Style	Triplex
MLS #	1604079
SubType	Multi Family
Type	Residential Income
SqFt	2364
Status	Sold
Lot Size (SqFt)	8083
Lot Size (Acres)	0.1856
Property Tax	4746
Buying Office	NW Elite Home Brokers
Year Built	1965
Buying Office Phone	253-256-6988

Interior

Exterior
Roof	Composition
# Open Parking Spaces	4
# Parking Spaces	4
# Uncovered Spaces	4
Exterior Features	Wood Products

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected
Water	Public
Power Production: Type	Electric, Natural Gas
HOA Amenities	Coin Op Laundry, Thermal Windows

Location
County	Pierce
Subdivision	Sumner
Area	74 - Sumner
High School District	Sumner
APN	967000-043-0

Multifamily Details
Net Operating Income	24234
Capitalization Rate	4
Expense: Insurance	780
Expense: Electricity	720
Gross Scheduled Income	33300
Gross Adjusted Income	24234
Total Expenses	9066
Gross Rent Multiplier	14
Nwm_Totalmonthlyincome	2775
Vacancy Rate	1

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

$602K

Range: $409K-$794K

Last 30 days

Rental est.: $1,513/month

• Gross rent multiplier: 27.6

Lower your payment with the loan terms that fit you.

Jul 2020
Public Records
Jul 6, 2020 Sold
$501,000
Jul 2020
MLS # 1604079
Jul 6, 2020 Sold
$501,000 (+1.0%)
May 21, 2020 Pending
—
May 20, 2020 Listed
$495,900 (+168.1%)
Aug 2003
Public Records
Aug 1, 2003 Sold
$185,000

Year Property taxes Tax assessment
2025
$7,179 +28.3%

$613,200 +13.39%
2024
$5,595 -6.8%

$540,800 -9.26%
2023
$6,003 +9.5%

$596,000 +28.61%
2022
$5,481 +9.0%

$463,400 +21.47%
2021
$5,030 +30.7%

$381,500 +9.0%
2019
$3,849 -2.4%

$350,000 +13.6%
2018
$3,945 +26.1%

$308,100 +10.55%
2017
$3,127 +13.8%

$278,700 +28.79%
2015
$2,749

$216,400

1702 16th St
$501K
Sumner
$640K -3% y/y
98390
$585K +3% y/y
Sumner
$585K 0% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1610 16th St, Sumner, WA 98390	$481,000	3/—	1,296	0.02
1512 Bonney Ave, Sumner, WA 98390	$453,000	3/1	984	0.02
1714 16th St, Sumner, WA 98390	$422,000	3/1	786	0.02
1713 16th St, Sumner, WA 98390	$426,000	2/1	891	0.03
1508 Bonney Ave, Sumner, WA 98390	$461,000	3/1	1,032	0.03
1718 16th St, Sumner, WA 98390	$496,000	3/1	1,176	0.04
1606 16th St, Sumner, WA 98390	$435,000	3/1	984	0.04
1511 Lawrence Ave, Sumner, WA 98390	$445,000	3/1	984	0.04

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