Sultan Homes with 54 - 4-Plex Style

Welcome to Sultan, Washington – a hidden gem nestled in the heart of Snohomish County. This charming city, surrounded by the breathtaking beauty of the Cascade Mountains, offers a unique blend of small-town charm and scenic landscapes, making it an ideal place to call home. With its rich history and vibrant community, Sultan is perfect for those seeking a peaceful lifestyle without sacrificing modern conveniences.

Sultan is known for its friendly atmosphere, where neighbors become friends and community events bring everyone together. Enjoy the great outdoors with numerous hiking trails, parks, and the stunning Skykomish River, which offers fishing and recreational opportunities. The city boasts a variety of local shops, restaurants, and essential services, ensuring that residents have everything they need within reach.

For those interested in investing in real estate, Sultan offers a fantastic opportunity with its 4-plex style homes. These multi-family residences provide a perfect balance of comfort and practicality, ideal for both homeowners and investors. With spacious layouts and modern amenities, these properties are designed to accommodate families and individuals alike. Imagine the potential of owning a 4-plex, where you can live in one unit while renting out the others, creating a steady income stream.

Whether you're looking to settle down in a welcoming community or explore investment opportunities, Sultan's 4-plex homes are a compelling choice. Experience the tranquility and charm of this enchanting city, where every day feels like a retreat into nature. Come discover your dream home in Sultan today!

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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