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.
Active
Listed by:
Charles Burnett,
Real Broker LLC
$1,100,000
824 Kincaid Avenue #1-6, Sumner, WA 98390
4beds
6baths
3,280sqft
Est.:
Multi Family
Built in 1929
-- sqft lot
$1,057,200 Zestimate®
$335/sqft
$-- HOA
What's special
Modern updatesCorner lotPrime corner lotNew gas heatersFresh exterior paintNew roofWelcoming courtyard
- 44 days |
- 497 |
- 16 |
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