520 Sumner Avenue # 524 Sumner, WA $ 1,150,000
520 Sumner Avenue # 524
$ 1,150,000
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520 Sumner Avenue # 524

Sumner, WA, 98390
$ 1,150,000
Baths0.0 Sq 3,640

Monthly Estimate*

$ 7,175

Listed by Skyline Properties, Inc.
520 Sumner Avenue # 524, Sumner, WA 98390 - Image 1
520 Sumner Avenue # 524, Sumner, WA 98390 - Image 2
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520 Sumner Avenue # 524, Sumner, WA 98390 - Image 10
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520 Sumner Avenue # 524, Sumner, WA 98390 - Image 13
520 Sumner Avenue # 524, Sumner, WA 98390 - Image 14
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Studio

Multi-Family Home for sale in Sumner, WA

for $1,150,000. This 3,640 square foot home was built in 1958 on a lot size of 0.2997.

Price improvement! 5% Cap Rate. One-of-a-kind 5 unit investment property in Downtown Sumner right across the street from Loyalty Park! Property includes a fourplex (two 1-bed & two 2-bed units) plus a 640 sq ft 1 bed + den single-family home. Both buildings recently painted. The fourplex features new windows and insulation. SFH remodeled this year. Recent remodels of fourplex units, including one this year. Very well maintained with beautiful landscaping and a storage shed on the property. Close to Sounder Train station for commuting. Near vibrant Downtown Sumner's shops and restaurants. Very easy to rent- hardly vacant.

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Multi-Family Active

Price

$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,309

Style

5-9 Units

Lot Size

0.2997

Year Built

1958

Town/City

Sumner

County/Region

Pierce

MLS | Web ID

2427953

Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air Wall Unit(s)
Cooling None
Possession Closing Subject to Tenant Rights
Roof Composition
HOA Fee 0
Year Built 1958
View Mountain(s) Territorial
Unit Number 524
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 57132
Insurance Expense 3253
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Downtown Sumner
Special Listing Conditions None
Status Active
Directions From WA-167 S: Take WA-410 E exit toward Sumner/Yakima. Exit toward E Main/Traffic Ave. L onto E Main Ave. R onto Thompson St. Building on corner of Thompson St and Sumner Ave.
High School Sumner Snr High
City Sumner
Senior Community Y/N N
High School District Sumner-Bonney Lake
Open Parking Spaces 0
Number Of Units Total 5
MLS Area 74 - Sumner
Lot Size Units Square Feet
Lot Size Square Feet 13056
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Out Conventional
Elementary School Maple Lawn Elem
Tax Annual Amount 9309
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Sumner Middle
Property Condition Good
Public Remarks Price improvement! 5% Cap Rate. One-of-a-kind 5 unit investment property in Downtown Sumner right across the street from Loyalty Park! Property includes a fourplex (two 1-bed & two 2-bed units) plus
Leasable Area 3640
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company City of Sumner
Units Below Grade false
Units In Building Total 5
Water Sewer Garbage 8882
Property Style 55 - 5-9 Units
Cap Rate 5
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Exterior
Exterior Amenities Stucco Wood
Lot Features Corner Lot Paved Sidewalk
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 3640
Lot Size Acres 0.2997
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV Gas Available High Speed Internet Outbuildings
Parking Uncovered Spaces 0
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Interior
Flooring Hardwood Laminate Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2427953
Street Number 1 520
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* Excluded Features
List By
Aaron Wright

Listing Agent

Skyline Properties, Inc.

Broker

Affordability Calculator

$7,950
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,175
Monthly Property Taxes
$776
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3108137 Elementary School
3108136 Middle School
Sumner Snr High High School
Pricing History
DatePricePrice ChangeDescription
12/4/2025$1,150,000 -4.17% Price Down
11/4/2025$1,200,000 -4.00% Price Down
9/5/2025$1,250,000 Listed Price

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520 Sumner Avenue # 524, Sumner, WA, 98390 is a Multi-Family Home for sale at $1,150,000 with 3,640 sqft and a lot size of 0.2997. 520 Sumner Avenue # 524 is a studio with 0.0 baths and was built in 1958. The property's zip code is 98390 which is in Sumner, WA