Listed by Northmarq Multifamily, LLC
NOT LISTED FOR SALE

728 Cherry Ave Sumner, WA 98390

7 Beds
6 Baths
14,580 Sq Ft
0.77 Acres

Last Sold July 14, 2022

Last sale price $4,800,000 $329 Per Sq Ft

8 Days on Market

Highlights

  • 0.77 Acre Lot
  • 4-minute walk to Sumner Station
  • No HOA
  • Maple Lawn Elementary School Rated A-
  • Corner Lot
  • 4-minute walk to Rueben Knoblauch Heritage Park

About This Home

As of July 2022

Turn-key asset or Total Value-Add play. Sumner Station is comprised of twenty spacious one and two-bedroom units with assigned surface parking. All units have been either slightly or fully renovated. The fully renovated units include hardwood flooring, granite countertops and stainless steel appliances. Two parcels comprised of three separate two-story buildings. Adjacent to Sounder Train Station. 33,486 SF Lot zoned TC with potential for multiple redevelopment options. Roof is a TPO membrane material. Within walking distance to historic Downtown Sumner's popular local restaurants, bars, cafes, and grocery stores. Convenient commuting location.

Last Agent to Sell the Property

Joe Kinkopf

Northmarq Multifamily, LLC License #124737 Listed on: 05/09/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1930523

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,436

Year Built

  • Built in 1967

Lot Details

  • 0.77 Acre Lot
  • Corner Lot

Home Design

  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 14,580 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 30 Parking Spaces
  • Open Parking

Community Details

  • No Home Owners Association
  • Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0420243120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,436

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1967
  • Buyer Agency Compensation: 2.0
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 14580
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: See Remarks
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 30

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 0420243120
  • Lot Size Acres: 0.7687
  • Lot Size Sq Ft: 33486
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Pierce County Assessor
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 33123

Tax Info

  • Year: 2022
  • Tax Annual Amount: 24436
  • AdditionalTaxIds: 7985100242

Multi Family

  • Number Of Units Total: 20
  • EnergySource: Electric
  • UnitsBelowGrade: false

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $4,800,000 +1.1% $329 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $4,750,000 -- $326 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Kinkopf

    Seller's Agent in 2022

    Joe Kinkopf

    Northmarq Multifamily, LLC

    (206) 321-8344

    2 in this area

    25 Total Sales

    Joe Kinkopf
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1930523

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Sumner 98390

728 Cherry Ave, Sumner, WA

Not Listed for Sale

MultiFamily

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.

Northwest Multiple Listing Service (NWMLS) 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. 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. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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