402 1st St Sultan, WA 98294
Estimated payment $3,309/month
Highlights
- Territorial View
- Corner Lot
- Baseboard Heating
- Engineered Wood Flooring
- No HOA
- 1-Story Property
About This Home
Investor opportunity in growing Sultan! This fully leased duplex features two spacious 2 bed, 1 bath units with solid tenants and strong rental history. Current rents are below market, offering immediate upside potential with room to increase cash flow. Ideally located just minutes from Hwy 2 for an easy commute and close to local shops, dining, and everyday conveniences. Each unit offers a functional layout, off-street parking, and separate entrances for privacy. Whether you're expanding your portfolio or looking for a stable, income-producing asset with long-term upside, this is a smart addition. Don’t miss out on this value-add duplex in a rapidly developing area.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2364807
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,113
Year Built
- Built in 1979
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 76x70
- Corner Lot
- Property is in good condition
Home Design
- Duplex
- Poured Concrete
- Composition Roof
- Wood Composite
Interior Spaces
- 1,620 Sq Ft Home
- 1-Story Property
- Territorial Views
Flooring
- Engineered Wood
- Wall to Wall Carpet
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Parking
- 4 Parking Spaces
- Open Parking
Utilities
- Baseboard Heating
Community Details
- No Home Owners Association
- Stevens 2Nd Add To Sultan Condos
- Baring Subdivision
Listing and Financial Details
- Legal Lot and Block 1 and 2 / 001 D-00 S
- Assessor Parcel Number 00586300100100
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,113 | $370,400 | $200,500 | $169,900 |
| 2024 | $3,113 | $351,400 | $181,500 | $169,900 |
| 2023 | $2,986 | $381,500 | $190,000 | $191,500 |
| 2022 | $2,779 | $304,900 | $145,400 | $159,500 |
| 2020 | $2,476 | $247,000 | $121,600 | $125,400 |
| 2019 | $2,069 | $214,600 | $102,600 | $112,000 |
| 2018 | $2,360 | $198,100 | $86,500 | $111,600 |
| 2017 | $2,112 | $175,600 | $75,100 | $100,500 |
| 2016 | $1,882 | $153,100 | $54,900 | $98,200 |
| 2015 | $1,646 | $125,400 | $40,000 | $85,400 |
| 2013 | $2,362 | $175,100 | $39,000 | $136,100 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | For Sale | $550,000 | +86.4% | $340 / Sq Ft |
| 01/17/2019 01/17/19 | Sold | $295,000 | 0.0% | $182 / Sq Ft |
| 12/19/2018 12/19/18 | Pending | -- | -- | -- |
| 11/16/2018 11/16/18 | For Sale | $295,000 | -- | $182 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $297,000 | Old Republic Title Ltd | |
| Warranty Deed | $170,000 | First American | |
| Warranty Deed | $180,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $255,000 | New Conventional | |
| Closed | $279,000 | New Conventional | |
| Closed | $282,150 | New Conventional | |
| Previous Owner | $119,250 | New Conventional | |
| Previous Owner | $63,000 | Credit Line Revolving | |
| Previous Owner | $136,000 | No Value Available | |
| Previous Owner | $42,114 | Seller Take Back |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2364807
APN: 005863-001-001-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.
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