Sultan Homes with 54 - 4-Plex Style

Welcome to Sultan, Washington – a charming gem nestled in the heart of Snohomish County. Known for its breathtaking natural beauty, this picturesque city offers a perfect blend of small-town charm and modern conveniences. Surrounded by the majestic Cascade Mountains and lush forests, Sultan is an outdoor enthusiast's paradise, with plenty of opportunities for hiking, fishing, and exploring the great outdoors. The tranquil Skykomish River flows nearby, providing a serene backdrop for residents to enjoy.

Sultan boasts a friendly community atmosphere, where neighbors know each other and local events bring everyone together. The city features a variety of amenities, including cozy cafes, family-owned shops, and essential services, ensuring that residents have everything they need right at their fingertips. Families will appreciate the highly-rated schools in the area, fostering a nurturing environment for children to thrive.

For those seeking unique housing options, Sultan offers an array of homes, including the sought-after 4-plex style residences. These multi-family homes provide an excellent opportunity for investors or those looking to live in a communal setting. With spacious layouts and modern amenities, these properties cater to diverse lifestyles while promoting a sense of community. Whether you’re looking to invest or find a charming place to call home, Sultan’s 4-plex style homes are a fantastic choice.

In Sultan, you’ll find not just a house, but a welcoming community that embraces the beauty of nature and the warmth of its residents. Come explore all that Sultan has to offer – your dream home awaits!

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.

Start Your Search

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.