$499,998
402 1st St, Sultan, WA 98294
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
Marius Ion COMPASS
Sultan, Washington, is a small community nestled in the Skykomish Valley at the convergence of the Sultan and Skykomish rivers, with a backdrop of the Cascade Mountains. Known for its quiet, rural lifestyle, Sultan has a rich history dating back to the 1880s when traces of gold attracted prospectors. The population is around 6,000, and the area features a mix of Craftsman bungalows, ranch-style homes, split-levels, townhomes, and contemporary houses. Sultan's downtown area, located in the southwest section, is home to some of the oldest residences, while newer developments like Skyride Estates are found north of Bryant Road. Sultan offers various things to do, including visiting community parks like Sultan Osprey Park and Reese Park, which provide amenities such as trails, sports fields, and a dog park. Outdoor activities are popular, with opportunities for swimming, fishing, white water rafting, and kayaking on the Skykomish River. Wallace Falls State Park is about 7 miles away, and Stevens Pass ski resort is approximately 42 miles from Sultan. Downtown Sultan features locally owned businesses like Kiss the Sky Books and Flat Iron Gallery. Dining options include Sultan Bakery, Vick's Burger Shack, Bubba's Roadhouse Bar & Grill, and Good Brewing Sultan. Special events such as the Return of the Salmon Celebration and the Sultan Shindig add to the community's charm. Sultan is accessible via U.S. Route 2, with Community Transit buses and a park and ride available for transportation. Seattle, Everett, and Bothell are within a 45-mile drive, and the nearest hospital is EvergreenHealth Monroe Medical Center.
On average, homes in Sultan, WA sell after 40 days on the market compared to the national average of 70 days. The median sale price for homes in Sultan, WA over the last 12 months is $560,000, up 5% from the median home sale price over the previous 12 months.
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