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Listing courtesy of NWMLS / COMPASS

402 1st Street

Sultan, WA 98294

– beds
– baths
1,620 sqft
5,227 sqft lot
$339 per sqft
1979 build

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.

Listing courtesy of NWMLS / COMPASS

Last checked: Checking… • Last updated Apr 28, 2025 •

MLS# 2364807 —

The Building

Year Built:

1979
New Construction:

false
Building Name:

Stevens 2 Nd Add To Sultan
Structure Type:

Duplex
Roof:

Composition
Foundation Details:

Poured Concrete
Exterior Features:

Wood Products
Units In Building Total:

2
# of Units Total:

2
Stories Total:

1
Building Area Total:

1620
Building Area Units:

Square Feet
Calculated SqFt:

1620
Construction Materials:

Wood

Interior

Interior Features:

Wall to Wall Carpet
Flooring:

Engineered Hardwood, Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

47.864715
Longitude:

-121.820448
Directions:

Heading E. on Hwy 2, Turn left on 3rd St, then left on Cedar Ave,Then right on 1st St. Property on the right corner

The Property

Property Type:

Residential Income
Property Subtype:

Multi Family
Property Condition:

Good
Parcel Number:

00586300100100
Lot Number:

1 and 2
Lot Features:

Corner Lot, Curbs, Paved, Sidewalk
Lot Size Units:

Square Feet
Lot Size Dimensions:

76x70
Lot Size Acres:

0.12
Lot Size SqFt:

5227
Lot Size Source:

Realist
Zoning Description:

Multi-Family
Zoning Jurisdiction:

City
View:

Territorial
View:

true
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

3113

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Company:

City Of Sultan
Water Source:

Public
Sewer:

Sewer Connected
Power Company:

Snohomish County Pud
Water Sewer Garbage:

5520

Schools

Elementary School:

Buyer To Verify
Middle Or Junior School:

Buyer To Verify
High School:

Buyer To Verify
High School District:

Sultan

The Community

Subdivision Name:

Baring
Senior Community:

false
Association:

false

Parking

Parking Total:

4
Parking Uncovered Spaces:

4
Open Parking:

true
Open Parking Spaces:

4
Carport:

false

Listing courtesy of NWMLS / COMPASS

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Sun May 18 2025 09:32 PM. 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
4/24/25 Apr 24, 2025	Listed / Active	NWMLS	$550,000	86.4% (13.8% / YR)
1/17/19 Jan 17, 2019		NWMLS	$295,000

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This multifamily located in Sultan City, Sultan, WA 98294 is currently for sale for $550,000. 402 1st Street is a 1,620 square foot multifamily with – beds and – baths. 402 1st Street is in the Sultan City neighborhood of Sultan and has a WalkScore® of 40, making it car-dependent. This multifamily is in the attendance area of Sultan Senior High School.

Listing courtesy of NWMLS / COMPASS

Disclaimer: The information contained in this listing has not been verified by COMPASS and should be verified by the buyer.