$1,100,000

824 Kincaid Avenue #1-6, Sumner, WA 98390

Multi-Family Home
Built in 1929
7,200sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

This listing courtesy of Charles Burnett, Real Broker LLC

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 Status:: Active
Listing Office:: Real Broker LLC : 855-450-0442
Listing Agent:: Charles Burnett : 855-450-0442
MLS ID:: 2423801

Flooring: Ceramic TileLaminate
A/C: None
Heating: Forced Air
Fireplace: Fireplaces: 0
Eco/Green Feature: Thermal Windows

General: Cement/Concrete
Parking: Parking spaces: 0

Roofing: Composition
General: 55 - 5-9 UnitsPoured Concrete

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Sumner-Bonney Lake
County: Pierce

Zoning: 7985000750
View: TerritorialView

Water: Public
Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Charles Burnett, Real Broker LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Maple Lawn Elementary School

230 Wood Ave, Sumner, WA, 98390

Grades KG-5

0.69 miles away

Sumner Middle School

1508 Willow St, Sumner, WA, 98390

Grades 6-8

0.59 miles away

Sumner High School

1707 Main St, Sumner, WA, 98390

Grades 9-12

0.47 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.