414 Sumner Avenue Sumner, WA $ 750,000
414 Sumner Avenue
$ 750,000
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414 Sumner Avenue

Sumner, WA, 98390
$ 750,000
Baths0.0 Sq 2,584

Monthly Estimate*

$ 4,985

Listed by John L. Scott, Inc
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Studio

Multi-Family Home for sale in Sumner, WA

for $750,000. This 2,584 square foot home was built in 1900 on a lot size of 0.2758.

Located on a quiet street in downtown Sumner this craftsman style triplex has tons of character and charm. Features two renovated one-bedroom units, one with a separate exterior entrance, and a spacious studio. The 860 sqft separately metered unfinished attic w/ 14’ vaulted ceilings offers an opportunity to finish the space for owner occupancy or an additional unit. Large unfinished basement for storage. Current below-market rents can yield significant additional income. 4 parking spaces & ample off-street parking. Nicely landscaped grounds & well-maintained walkways. Home was completely rewired in 2019; all units on separate electrical & gas meters. Property has mount Rainier views. Don't overlook this exceptional investment opportunity!

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Multi-Family Active

Price

$ 750,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,679

Style

Tri-plex

Lot Size

0.2758

Year Built

1900

Town/City

Sumner

County/Region

Pierce

MLS | Web ID

2236952

Features
General
Interior Features Fir/Softwood Wall to Wall Carpet
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Wood Wood Products
HOA 0
Year Built 1900
View Territorial
Property SubType Multi-Family
Tax Year 2024
Building Name Thompsons L F Rep # 1
County Pierce
Net Operating Income 28477
Insurance Expense 2828
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Downtown Sumner
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions From Main St in Downtown Sumner go south on Sumner Ave. Triplex is on Right.
High School Bonney Lake High
City Sumner
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Sumner-Bonney Lake
Open Parking Spaces 4
NumberOfUnitsTotal 3
MLS Area 74 - Sumner
Lot Size Units Square Feet
Lot Size Square Feet 12016
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name Sumner
Listing Terms Cash Out Conventional
Elementary School Bonney Lake Elem
Tax Annual Amount 5679
Electric Expense 1080
Fuel Expense 0
Middle/Junior High School Sumner Middle
Property Condition Good
Public Remarks Located on a quiet street in downtown Sumner this craftsman style triplex has tons of character and charm. Features two renovated one-bedroom units one with a separate exterior entrance and a spaciou
Leasable Area 2104
Structure Type Triplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Basement
Water Company City of Sumner
Units Below Grade false
Units In Building Total 3
Zoning Class Multi-Family Residential
Water Sewer Garbage 3756
Property Style 53 - Tri-plex
Cap Rate 3.8
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Interior
Flooring Softwood Vinyl Carpet
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Paved Sidewalk Value In Land
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 2584
Lot Size Acres 0.2758
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV Gas Available Outbuildings
Parking Uncovered Spaces 4
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Internal Only
OriginalMLSID NWM2236952
Street Number 1 414
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* Excluded Features
List By
Troy Kerr

Listing Agent

John L. Scott, Inc

Broker

Affordability Calculator

$5,458
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,985
Monthly Property Taxes
$473
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
3108232 Elementary School
3108136 Middle School
Bonney Lake High High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$750,000 Listed Price

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414 Sumner Avenue, Sumner, WA, 98390 is a Multi-Family Home for sale at $750,000 with 2,584 sqft and a lot size of 0.2758. 414 Sumner Avenue is a studio with 0.0 baths and was built in 1900. The property's zip code is 98390 which is in Sumner, WA