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Sold on 04/30/2026
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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
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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 logo
MLS#2427953 • last updated 2 months ago
Movoto checked NWMLS for data 9 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
$1.07M
Range: $963K-$1.17M
Last 30 days 
Rental est.: $1,577/month
Gross rent multiplier: 52.8
Powered By Movoto
  • Apr 2026
    mls logo 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
  • 520 Sumner Ave #524
    $1M
  • Sumner
    $569K -14% y/y
  • 98390
    $569K -5% y/y
  • Sumner
    $569K -7% y/y
No chart available
Statistics calculated by Movoto

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8/10
Maple Lawn 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.

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