Sultan Homes with 54 - 4-Plex Style

Sultan Homes with 54 - 4-Plex Style

Welcome to Sultan, Washington, a hidden gem nestled in the heart of Snohomish County. Known for its breathtaking natural beauty, Sultan offers a harmonious blend of small-town charm and easy access to outdoor adventures. Surrounded by the majestic Cascade Mountains and the serene Skykomish River, residents enjoy a picturesque backdrop that is perfect for hiking, fishing, and exploring the great outdoors.

In Sultan, you will find a welcoming community that prides itself on its friendly atmosphere and vibrant local culture. The neighborhood features a variety of amenities, including charming shops, cozy cafes, and a delightful farmers market that showcases local produce and crafts. Families will appreciate the top-rated schools and numerous parks, making it an ideal place to raise children.

For those seeking unique housing options, Sultan offers a selection of homes with 54 - 4-Plex style configurations, providing a fantastic opportunity for multi-family living or investment potential. These thoughtfully designed residences offer ample space and modern conveniences, catering to both homeowners and tenants alike. With their efficient layouts, these homes maximize comfort while maintaining a sense of community, perfect for those looking to live near friends and family.

Whether you're a first-time homebuyer, an investor, or simply looking to relocate to a tranquil setting, Sultan has something for everyone. Discover the charm and warmth of this delightful neighborhood, where your dream home awaits amidst the stunning landscapes of Washington State. Come explore Sultan, where nature and community come together in perfect harmony!

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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