Sold

Listed by:

Marius ion,

COMPASS,

Duy D Hoang,

COMPASS

Bought with: RE/MAX Metro Realty, Inc.

$475,000

402 1st Street, Sultan, WA 98294

4beds

2baths

1,620sqft

Multi Family

Built in 1979

-- sqft lot

$476,500 Zestimate^®

$293/sqft

$2,115 Estimated rent

Home value

$476,500

$448,000 - $510,000

$2,115/mo

Zestimate^® history

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$2,115/mo

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$2,827/mo

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$2,827/mo

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What's special

Investor opportunity in growing Sultan! This fully leased duplex features two spacious 2 bed, 1 bath units with solid tenants and strong rental history. Current rents are below market, offering immediate upside potential with room to increase cash flow. Ideally located just minutes from Hwy 2 for an easy commute and close to local shops, dining, and everyday conveniences. Each unit offers a functional layout, off-street parking, and separate entrances for privacy. Whether you're expanding your portfolio or looking for a stable, income-producing asset with long-term upside, this is a smart addition. Don’t miss out on this value-add duplex in a rapidly developing area.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Baseboard, Electric

Cooling

None

Features

Flooring: Engineered Hardwood, Vinyl, Carpet
Has fireplace: No

Interior area

Total structure area: 1,620
Total interior livable area: 1,620 sqft

Property

Parking

Total spaces: 4
Parking features: Open
Uncovered spaces: 4

Features

Has view: Yes
View description: Territorial

Lot

Size: 5,227 sqft
Dimensions: 76 x 70
Features: Corner Lot, Curbs, Paved, Sidewalk

Details

Parcel number: 00586300100100
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Products
Foundation: Poured Concrete
Roof: Composition

Condition

Good
Year built: 1979

Utilities & green energy

Electric: Company: Snohomish County PUD
Sewer: Sewer Connected
Water: Public, Company: City of Sultan

Community & neighborhood

Location

Region: Sultan
Subdivision: Baring

Other

Other facts

Listing terms: Conventional,FHA,USDA Loan,VA Loan
Cumulative days on market: 274 days

Price history

Date	Event	Price
9/30/2025	Sold	$475,000$293/sqft
Source: NWMLS as distributed by MLS GRID #2411535 Report a problem
8/29/2025	Pending sale	$475,000$293/sqft
Source: NWMLS as distributed by MLS GRID #2411535 Report a problem
8/27/2025	Price change	$475,000-5%$293/sqft
Source: NWMLS as distributed by MLS GRID #2411535 Report a problem
7/23/2025	Listed for sale	$499,998+69.5%$309/sqft
Source: NWMLS as distributed by MLS GRID #2411535 Report a problem
1/17/2019	Sold	$295,000$182/sqft
Source: NWMLS as distributed by MLS GRID #1385725 Report a problem