Bought with: Better Properties Real Estate
$995,000
$1,100,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
6 Baths
3,280 SqFt
SOLD DATE : 02/28/2026
Key Details
Sold Price $995,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $303
Subdivision Downtown Sumner
MLS Listing ID 2423801
Sold Date 02/28/26
Style 55 - 5-9 Units
Bedrooms 4
Year Built 1929
Annual Tax Amount $8,753
Lot Size 7,200 Sqft
Property Sub-Type Multi Family
Property Description
Garden-style 6-unit apartment building in the heart of Downtown Sumner on a prominent corner lot. Mission-inspired arches and a welcoming courtyard highlight timeless charm alongside modern updates and strong investment fundamentals. Fully occupied with proven rental history, offered at a 6% cap rate, the property offers immediate cash flow with major improvements completed, including a new roof, fresh exterior paint, and new gas heaters. Interiors have been updated over the years. A rare opportunity to own a well-maintained historic multifamily in a walkable, high-demand location—offering stable income today and exceptional long-term redevelopment potential on a prime corner lot, with zoning allowing up to four stories of mixed-use.
Location
State WA
County Pierce
Area 74 - Sumner
Interior
Flooring Ceramic Tile, Laminate
Fireplace false
Exterior
Exterior Feature Cement/Concrete
View Y/N Yes
View Territorial
Roof Type Composition
Building
Lot Description Corner Lot, Paved, Sidewalk, Value In Land
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Sumner-Bonney Lake
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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