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1807 Pease Ave, Sumner, WA 98390

$462,000

Last sold 01/28/2002 after 354 Days

—
bed
—
bath

House not for sale

About 1807 Pease Ave

Property type House

Neighborhood

Year built 1968

HOA fee $0/month

Lot size 0.52 Acre

Property description

9% Cap Rate!! Super Maintained 10 Units In Heart Of Sumner Consisting Of 2 Ea 4 Plexs W/2 Bdr,1 Bath, 1 Ea 2 Bdr, 1 Bath Home. & 1 Ea 1 Bdr, 1 Bath Cottage. 6 Units Completely Remodeled & 2 Units Have New Baths. Out Bldg W/Coin Op Laundry. Always Rented. Nicely Landscaped & Well Maintained. No Owner Contracts.

Listed by

Listing Agent - Nick Steckler

Listing Office - Real Estate USA

Source: NWMLS

MLS#21019821 • last updated 2 years ago

Movoto checked NWMLS for data 11 minutes ago

Overview
Levels/Style	Multi Family
MLS #	21019821
SubType	Multi-Family
Type	Residential Income
Status	Sold
Lot Size (SqFt)	22500
Lot Size (Acres)	0.5165
Property Tax	3245
Buying Office	Real Estate USA
Year Built	1968
Buying Office Phone	253-566-9805
HOA Fee	Annually, 0
Condition	Remodeled

Interior
Interior Features	Wall To Wall Carpet

Exterior
Foundation	Slab
Roof	Composition
# Open Parking Spaces	15
# Parking Spaces	15
# Uncovered Spaces	15
Exterior Features	Wood

Amenities / Utilities
Sewer/ Septic	Sewer Connected, SUMNER
Water	Public
Water Company	SUMNER
Power Company	SUMNER
Power Production: Type	Electric
HOA Amenities	Coin Op Laundry

Location
County	Pierce
Subdivision	Sumner
Area	74 - Sumner
High School District	Sumner
APN	420241009
Zoning	Multi-Family

Multifamily Details
Net Operating Income	50065
Capitalization Rate	9
Expense: Insurance	2140
Expense: Electricity	600
Gross Scheduled Income	71700
Expense: Other	5650
Gross Adjusted Income	69315
Total Expenses	19250
Gross Rent Multiplier	8
Vacancy Rate	5

Lot/ Land Details
Site Features	Cable TV, Outbuildings, Patio

We are not permitted to show value estimates for this property.

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Jan 2002
MLS # 21019821
Jan 28, 2002 Sold
$462,000 (-14.0%)
Feb 8, 2001 Listed
$515,000
Jan 2002
Public Records
Jan 25, 2002 Sold
$537,490 (+4.4%)

Year Property taxes Tax assessment
2025
$2,692 +13.1%

$229,300
2024
$2,379 +10.2%

$229,300 +7.3%
2023
$2,160 -4.9%

$213,700 +11.59%
2022
$2,272 -0.2%

$191,500 +11.21%
2021
$2,277 +23.1%

$172,200
2019
$1,849

$172,200

1807 Pease Ave
$462K
74 - Sumner
—
98390
$585K +3% y/y
Sumner
$592K +2% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
1727 Pease Ave, Sumner, WA 98390	$230,000	2/—	—	0.04
1713 Wood Ave, Sumner, WA 98390	$502,000	3/2	1,595	0.15
1705 Wood Ave, Sumner, WA 98390	$564,000	3/1	1,692	0.16
1611 Wood Ave, Sumner, WA 98390	$512,000	2/1	1,648	0.16
1609 Wood Ave, Sumner, WA 98390	$625,000	4/2	1,806	0.17
1600 Steele Ave, Sumner, WA 98390	$147,500	—/—	—	0.18
1409 16th St, Sumner, WA 98390	$524,000	3/1	1,856	0.18
1528 Steele Ave, Sumner, WA 98390	$571,000	3/2	1,896	0.19

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