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Sold on 07/17/2019

1702 Wright Ave, Sumner, WA 98390

  • $1,160,803

    Last sold 07/17/2019 for $699K

  • —

    bed

  • —

    bath

  • 4,440

    Sqft ($158/Sqft)

House not for sale
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About 1702 Wright Ave

Property type House
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 10,500 Sqft
Movoto estimate
Property description
Fully occupied, wonderful cash flowing 4plex in the heart of Sumner. Solid investment with larger 2 bed 1.5 bath units professionally managed and trouble free on a quiet street. Abundance of paved parking and walking distance to schools, Stores, and the commuter train. Trouble free tenants, this is as good as it gets in real estate investing!
Listed by
Listing Agent - Jonathan Harper
Listing Office - Keller Williams Realty
Source: NWMLS mls logo
MLS#1475271 • last updated 1 year ago
Movoto checked NWMLS for data 6 minutes ago
Overview
Levels/Style Quadruplex
MLS # 1475271
SubType Multi-Family
Type Residential Income
SqFt 4440
Status Sold
Lot Size (SqFt) 10500
Lot Size (Acres) 0.241
Property Tax 5497
Buying Office Better Properties Summit
Year Built 1977
Buying Office Phone 253-537-7653
Condition Average
Interior
Interior Features Wall To Wall Carpet
Exterior
Foundation Poured Concrete
Roof Composition
# Open Parking Spaces 8
# Parking Spaces 8
# Uncovered Spaces 8
Exterior Features Wood
Amenities / Utilities
Green Features: Energy Efficient Thermal Windows
Sewer/ Septic Sewer Connected, Sumner
Water Public
Water Company Sumner
Power Company PSE
Power Production: Type Electric
Security Features PartiallyFenced
HOA Amenities Thermal Windows
Location
County Pierce
Subdivision Sumner
Area 73 - Sumner
Elementary School Daffodil Vly Elem
High School District Sumner
High School Sumner Snr High
APN 9670000019
Directions WA-512 E To Sumner. Take The WA-162 E/Valley Ave Exit From WA-410 E. Continue On Valley Ave E. Drive To Wright Ave.
Zoning Multi-Family
Multifamily Details
Net Operating Income 44092
Capitalization Rate 6.3
Expense: Insurance 2260
Gross Scheduled Income 60720
Gross Adjusted Income 60720
Total Expenses 16625
Gross Rent Multiplier 12
Nwm_Totalmonthlyincome 5060
Lot/ Land Details
Site Features Cable TV, Fenced-Fully
$1.16M
Range: $1.04M-$1.27M
Last 30 days 
Rental est.: $1,461/month
Gross rent multiplier: 39.9
Powered By Movoto
  • Jun 2019
    mls logo MLS # 1475271
  • Jun 14, 2019 Listed
    $699,950
  • 1702 Wright Ave
    $699K
  • 73 - Sumner
    —
  • 98390
    $579K +5% y/y
  • Sumner
    $581K +4% 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 73 - Sumner

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