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

View/Area
Exterior
Other
Kitchen
Living
Bedroom

520 Sumner Ave #524, Sumner, WA 98390

$1,000,000

Last sold 04/30/2026 after 238 Days

—
bed
—
bath
3,640
Sqft ($275/Sqft)

House not for sale

About 520 Sumner Ave #524

Property type House

Neighborhood

Year built 1958

HOA fee $0/month

Lot size 0.3 Acre

Movoto estimate

Property description

Price improvement! 5% Cap Rate. One-of-a-kind 5 unit investment property in Downtown Sumner right across the street from Loyalty Park! Property includes a fourplex (two 1-bed & two 2-bed units) plus a 640 sq ft 1 bed + den single-family home. Both buildings recently painted. The fourplex features new windows and insulation. SFH remodeled this year. Recent remodels of fourplex units, including one this year. Very well maintained with beautiful landscaping and a storage shed on the property. Close to Sounder Train station for commuting. Near vibrant Downtown Sumner's shops and restaurants. Very easy to rent- hardly vacant.

Listed by

Listing Agent - Aaron Wright

Listing Office - Skyline Properties, Inc.

Source: NWMLS

MLS#2427953 • last updated 4 months ago

Movoto checked NWMLS for data 10 minutes ago

Overview
Cooling/AC	None
Levels/Style	Multi Family
MLS #	2427953
SubType	Multi Family
Type	Residential Income
SqFt	3640
Status	Sold
Lot Size (SqFt)	13056
Lot Size (Acres)	0.2997
Property Tax	9309
Buying Office	Better Properties Real Estate
Year Built	1958
Buying Office Phone	253-589-2680
Condition	Good

Interior

Exterior
Foundation	Poured Concrete
Roof	Composition
# Carport 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, Natural Gas

Location
County	Pierce
Subdivision	Downtown Sumner
Area	74 - Sumner
Elementary School	Maple Lawn Elem
Middle School	Sumner Middle
High School District	Sumner-Bonney Lake
High School	Sumner Snr High
APN	9060100470
Directions	From WA-167 S: Take WA-410 E Exit Toward Sumner/Yakima. Exit Toward E Main/Traffic Ave. L Onto E Main Ave. R Onto Thompson St. Building On Corner Of Thompson St And Sumner Ave.

Multifamily Details
Net Operating Income	57132
Capitalization Rate	5
Expense: Insurance	3253
Gross Scheduled Income	85800
Expense: Other	6366
Gross Adjusted Income	84942
Total Expenses	27810
Gross Rent Multiplier	13.4
Nwm_Totalmonthlyincome	7150
Vacancy Rate	1

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

$1.04M

Range: $941K-$1.15M

Last 30 days

Rental est.: $1,529/month

• Gross rent multiplier: 54.5

Lower your payment with the loan terms that fit you.

Apr 2026
MLS # 2427953
Apr 30, 2026 Sold
$1,000,000 (-13.0%)
Feb 5, 2026 Pending
—
Dec 4, 2025 Price Change
$1,150,000 (-4.2%)
Nov 4, 2025 Price Change
$1,200,000 (-4.0%)
Sep 4, 2025 Listed
$1,250,000 (+106.7%)
Nov 2017
Public Records
Nov 14, 2017 Sold
$604,719 (+75.3%)
Aug 2005
Public Records
Aug 9, 2005 Sold
$345,000

Year Property taxes Tax assessment
2025
$9,309 +4.5%

$795,400 -7.66%
2024
$8,906 +2.7%

$861,400
2023
$8,670 -2.0%

$861,400 +15.01%
2022
$8,851 +7.6%

$749,000 +19.99%
2021
$8,222 +16.1%

$624,200
2019
$7,081

$624,200

520 Sumner Ave #524
$1M
Sumner
$599K -2% y/y
98390
$589K +7% y/y
Sumner
$589K +7% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
512 Sumner Ave, Sumner, WA 98390	$426,000	2/1	1,003	0.02
1118 Thompson St, Sumner, WA 98390	$521,000	4/1	1,740	0.02
604 Sumner Ave, Sumner, WA 98390	$672,000	4/—	2,230	0.03
504 Sumner Ave, Sumner, WA 98390	$765,000	3/2	1,976	0.03
1114 Thompson St, Sumner, WA 98390	$418,000	2/1	768	0.03
513 Sumner Ave, Sumner, WA 98390	$444,000	2/1	883	0.03
517 Sumner Ave, Sumner, WA 98390	$556,000	3/2	1,594	0.04
1121 Thompson St, Sumner, WA 98390	$479,000	2/1	1,368	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.