Listed by Real Broker LLC
$1,100,000

824 Kincaid Ave Unit 1-6 Sumner, WA 98390

Estimated payment $6,561/month

Total Views 3,138
4 Beds
6 Baths
3,280 Sq Ft
$335 Price per Sq Ft

Highlights

  • Territorial View
  • 2-minute walk to Sumner Station
  • No HOA
  • Maple Lawn Elementary School Rated A-
  • Corner Lot
  • 1-minute walk to Rueben Knoblauch Heritage Park

About This Home

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.

Listing Agent

Charles Burnett

Real Broker LLC License #50261 Listed on: 08/21/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2423801

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,753

Year Built

  • Built in 1929

Lot Details

  • 7,200 Sq Ft Lot
  • Corner Lot
  • Value in Land
  • Property is in average condition

Home Design

  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 3,280 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Downtown Sumner Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7985000750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,753

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1929
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3280
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Laminate
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Paved, Sidewalk, Value In Land
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: No
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • WaterSewerGarbage: 6300

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Sumner-Bonney Lake

Lot Info

  • Parcel Number: 7985000750
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: PR
  • MLSSquareFootageSource: PR
  • ZoningJurisdiction: City

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 7975

Multi Family

  • Gross Scheduled Income: 95700
  • Net Operating Income: 66041
  • Number Of Units Total: 6
  • Electric Expense: 750
  • Insurance Expense: 2200
  • Leasable Area: 3280
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2025
  • Tax Annual Amount: 8753

Map

Range of Values:

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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
08/21/2025 08/21/25 For Sale $1,100,000 -- $335 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2423801

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

824 Kincaid Ave Unit 1-6, Sumner, WA

This home is located at 824 Kincaid Ave Unit 1-6, Sumner, WA 98390 and is currently priced at $1,100,000, approximately $335 per square foot. This property was built in 1929. 824 Kincaid Ave Unit 1-6 is a home located in Pierce County with nearby schools including Maple Lawn Elementary School, Sumner Middle School, and Sumner High School.

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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Charles Burnett
Listing Agent
Charles Burnett
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Real Broker LLC
(253) 259-2771