Fully Updated + Income-Producing Sultan Triplex
507 3rd St, Sultan, WA 98294
$899,000
Perfectly positioned in the heart of Sultan, this updated triplex presents a rare opportunity to invest with rental income already in place and potential to grow. With two units currently occupied, new exterior paint, and partially updated roofing, this property offers a strong foundation for continued investment. There is even more potential with an unfinished fourth unit and the possibility to add a DADU, creating the opportunity for additional income-producing units. The lower-level unit has been thoughtfully refreshed with a wide-open floor plan, fresh paint, new flooring, and a bright kitchen featuring new cabinetry, countertops, appliances, and fixtures. Two comfortable bedrooms are accompanied by a refreshed full bathroom and laundry room with new tile and fixtures. The two occupied units have been fully remodeled inside, and each offers two bedrooms, one bathroom, and in-unit laundry. Outside, a shared backyard and ample parking add to the appeal, while Sultan favorites, local schools, and everyday amenities are all within easy walking distance.
Facts:
- 503: 1,050 SQ FT, 2 Bed, 1 Bath
- 505: 1,222 SQ FT, 2 Bed, 1 Bath
- 507: 1,122 SQ FT, 2 Bed, 1 Bath
- Potential 509 (unfinished): ~580 SQ FT, 1 Bed, 1 Bath
Features:
- New Exterior Paint + Updated Roof
- Completely Remodeled Interiors
- Two Occupied Units + One Unoccupied Unit