Listed by RE/MAX Realty South
$989,000

21 E Sullivan St Allyn, WA 98524

Estimated payment $5,647/month

Total Views 1,510
6 Beds
4 Baths
3,502 Sq Ft
$282 Price per Sq Ft

Highlights

  • Views of a Sound
  • Patio
  • Forced Air Heating System
  • No HOA
  • Vinyl Plank Flooring
  • High Speed Internet

About This Home

Exceptional newer construction duplex with North Bay views in Allyn! Built in 2022, this thoughtfully designed 2-story duplex offers a rare investment or living opportunity with two identical mirrored units, each featuring a spacious open-concept layout, high ceilings, and durable vinyl plank flooring throughout. Each unit includes a beautifully appointed kitchen with an 8-foot quartz island, farmhouse sink, propane range, crown molding cabinetry, and soft-close cabinets, ideal for everyday living and entertaining. The primary suite offers a walk-in closet and an ensuite bath with soaking tub, oversized walk-in shower, and double sinks. Additional features include tankless on-demand water heaters, dedicated mudrooms, and two-car garages for each unit. Situated on a fully fenced 7,841 sq ft lot, the property offers peaceful North Bay territorial and partial water views. Conveniently located near Lakeland Village Golf Course and the Allyn waterfront. Investment highlights include projected gross rents of $67,080 annually, 6% vacancy estimate, and adjusted gross income of $63,055. Operating expenses approximately $6,585 annually with an estimated NOI of $56,470. At a list price of $989,000, this reflects an approximate 5.7% cap rate. Buyer to verify all information to their satisfaction.

Listing Agent

Jared Schmitz

RE/MAX Realty South License #25013480 Listed on: 03/26/2026

RE/MAX Realty South

Co-Listing Agent

Monique Losk

RE/MAX Realty South License #25015339

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2498531

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,852

Year Built

  • Built in 2022

Lot Details

  • 7,841 Sq Ft Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in very good condition

Parking

  • 4 Car Garage

Property Views

  • Views of a Sound
  • Bay
  • Canal
  • Territorial

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked

Interior Spaces

  • 3,502 Sq Ft Home
  • 2-Story Property
  • Vinyl Plank Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Propane
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sherwood Ave Addition Condos
  • Allyn Subdivision

Listing and Financial Details

  • Assessor Parcel Number 122205060001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,852

Year Built

Built in 2022

Lot Details

7,841 Sq Ft Lot

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 2022
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Sherwood Ave Addition
  • New Construction: No
  • CalculatedSquareFootage: 3502
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential
  • Appliances: Tankless Water Heater
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Bay, Canal, Sound, Territorial
  • Lot Features: Dead End Street, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Cement Plank
  • Exterior Features: Cement Planked
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: No
  • Total Parking Spaces: 17

Utilities

  • Sewer: Sewer Connected
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PUD 3
  • SewerCompany: Mason County Utilities
  • WaterCompany: Port of Allyn
  • InternetConnected: Astound

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: North Mason #403
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 122205060001
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7841
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet,Patio,Propane
  • MLSLotSizeSource: Realist

Green Features

  • Power Production Type: Electric, Propane

Rental Info

  • ShortTermRentalYN: false
  • GrossRentMultiplier: 14.74
  • LeasedItems: None
  • TotalMonthlyIncome: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4852

Multi Family

  • Number Of Units Total: 2
  • EnergySource: Electric,Propane
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,919 $751,395 $23,600 $727,795
2024 $4,919 $636,385 $45,080 $591,305
2023 $4,323 $486,300 $35,775 $450,525
2022 $332 $36,880 $31,880 $5,000
2021 $295 $36,880 $31,880 $5,000
2020 $137 $33,980 $28,980 $5,000
2018 $353 $29,870 $27,120 $2,750
2017 $339 $29,890 $27,140 $2,750
2016 $417 $29,640 $27,140 $2,500
2015 $417 $36,660 $36,660 $0
2014 -- $37,050 $37,050 $0
2013 -- $31,200 $31,200 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2026 03/26/26 For Sale $989,000 -- $282 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $895,000 Aegis Land Title
Warranty Deed $30,000 Aegis Land Title Group
Warranty Deed $47,719 Land Title Co
Warranty Deed $25,719 Land Title Co
Warranty Deed $58,219 Land Title Co
Warranty Deed $33,242 Land Title Company
Warranty Deed $27,942 Land Title Co
Warranty Deed $70,474 Land Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $100,000 No Value Available
Open $650,000 New Conventional
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2498531

Northwest Multiple Listing Service (NWMLS)

APN: 12220-50-60001

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