Sultan Homes with 54 - 4-Plex Style

Welcome to Sultan, Washington – a hidden gem nestled in the heart of Snohomish County! This picturesque city is known for its stunning natural beauty, friendly community, and a perfect blend of rural charm and modern convenience. Surrounded by majestic mountains and lush forests, Sultan offers residents a serene escape while still being just a short drive from the bustling cities of Everett and Seattle.

Sultan boasts a vibrant downtown area filled with quaint shops, local eateries, and outdoor recreational activities. The nearby Skykomish River provides ample opportunities for fishing, kayaking, and hiking, making it an outdoor enthusiast’s paradise. With a strong sense of community, Sultan hosts various events throughout the year, fostering connections among residents and celebrating the unique spirit of the area.

When it comes to housing, Sultan offers a diverse selection of homes, including the increasingly popular 4-plex style residences. These multi-family homes are an excellent investment opportunity for those looking to enter the real estate market or for families seeking spacious living arrangements. With 54 different 4-plex options available, potential homeowners can find the perfect fit for their lifestyle. These homes provide ample space, modern amenities, and the chance to enjoy the beautiful surroundings that Sultan has to offer.

Whether you’re searching for a cozy home or an investment opportunity, Sultan's 4-plex style residences are an attractive choice. Experience the warmth of this charming city and discover why so many are choosing to call Sultan home. Come explore your future in this delightful community!

Newest Sultan Homes with 54 - 4-Plex Style

$900,000

2549035 MLS ⋅ ACTIVE Status

Rare fully-renovated 4-plex offering immediate cash flow and a clear value-add path — plus a $10,000 seller credit toward closing costs or a rate buy-down, accretive to day-one returns. Three of four units are fully remodeled and turnkey — Units 505 & 507 are tenant-occupied, and Unit 503 has been completely renovated to the same standard (new cabinets, quartz counters, tile bath, LVP flooring) and is move-in ready, with multiple rental inquiries already in hand at an estimated $1,900/mo. Units 503 & 507 also feature new water heaters, with Unit 505's water heater installed in 2019 — added peace of mind on mechanicals. Once leased, projected NOI reaches approximately $50,000+ on gross scheduled income of $66,671. Unit 509 is unfinished and represents additional built-in upside: convert to a 1-bed for an estimated $1,200/mo, pushing the cap rate toward 6%+ with minimal capital outlay. Exterior fully updated — new siding, new paint, front half of roof replaced, plumbing & electrical upgrades completed. Separate legal address on Unit 509 adds flexibility for a refinance. Huge .29-acre lot, 8+ off-street parking spaces, strong Sultan rental demand. Also ideal for an owner-occupant buyer: move into vacant, fully-remodeled Unit 503 with low-down-payment FHA or VA financing and let 505 & 507 help cover the mortgage — turnkey house-hacking made easy.

507 3rd Street, Sultan

Listing courtesy of Realty One Group Orca.

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