Sultan Homes with 54 - 4-Plex Style

Welcome to Sultan, Washington – a charming city nestled in the heart of Snohomish County, where the serene beauty of nature meets a vibrant community spirit. Located just 30 miles northeast of Seattle, Sultan offers the perfect blend of small-town charm and easy access to urban amenities. Surrounded by stunning mountain vistas and lush forests, residents enjoy a tranquil lifestyle while being only a short drive away from the bustling city.

Sultan is well-known for its warm, friendly atmosphere and a strong sense of community. With a rich history that dates back to the late 1800s, the city has preserved its quaint character while embracing modern conveniences. Outdoor enthusiasts will find a plethora of activities, from hiking and biking trails to fishing and camping along the scenic Skykomish River. The city also hosts various community events throughout the year, fostering connections among neighbors and celebrating local culture.

For those looking to invest in Sultan, the real estate market offers an exciting opportunity with homes featuring 4-plex styles. These multi-family residences are perfect for investors seeking to capitalize on rental income or for families looking for spacious living arrangements. With four units in one building, 4-plex homes provide both affordability and versatility, making them an ideal choice for those who value community living without sacrificing comfort.

Whether you’re drawn to Sultan for its picturesque landscapes, strong community ties, or the potential of its real estate market, you’ll find that this charming city has something for everyone. Come explore the possibilities that await you in Sultan, Washington!

Newest Sultan Homes with 54 - 4-Plex Style

$900,000

2549035 MLS ⋅ ACTIVE Status

Rare fully-renovated 4-plex offering immediate cash flow and a clear value-add path — plus a $10,000 seller credit toward closing costs or a rate buy-down, accretive to day-one returns. Three of four units are fully remodeled and turnkey — Units 505 & 507 are tenant-occupied, and Unit 503 has been completely renovated to the same standard (new cabinets, quartz counters, tile bath, LVP flooring) and is move-in ready, with multiple rental inquiries already in hand at an estimated $1,900/mo. Units 503 & 507 also feature new water heaters, with Unit 505's water heater installed in 2019 — added peace of mind on mechanicals. Once leased, projected NOI reaches approximately $50,000+ on gross scheduled income of $66,671. Unit 509 is unfinished and represents additional built-in upside: convert to a 1-bed for an estimated $1,200/mo, pushing the cap rate toward 6%+ with minimal capital outlay. Exterior fully updated — new siding, new paint, front half of roof replaced, plumbing & electrical upgrades completed. Separate legal address on Unit 509 adds flexibility for a refinance. Huge .29-acre lot, 8+ off-street parking spaces, strong Sultan rental demand. Also ideal for an owner-occupant buyer: move into vacant, fully-remodeled Unit 503 with low-down-payment FHA or VA financing and let 505 & 507 help cover the mortgage — turnkey house-hacking made easy.

507 3rd Street, Sultan

Listing courtesy of Realty One Group Orca.

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