824 Kincaid AVE #1-6 Active Save Request In-Person Tour Request Virtual Tour
Sumner,WA 98390
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $335
Subdivision Downtown Sumner
MLS Listing ID 2423801
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