824 Kincaid Ave - Apartments FOR SALE


Sumner, WA 98390
$1,100,000 USD
206-931-6036
824 Kincaid Ave, Sumner, WA for Sale
$1,100,000 USD
Apartments - FOR SALE
1/9
null | 6% Cap Rate

824 Kincaid Ave
Sumner, WA 98390


HIGHLIGHTS

  • Garden-style 6-unit apartment building in the heart of Downtown Sumner on a prominent corner lot.
  • Fully occupied with proven rental history, offered at a 6% cap rate, the property offers immediate cash flow with major improvements completed

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

6

PRICE/UNIT

$183,333

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CBD

APN/PARCEL ID

798500-0750

ASK ABOUT THIS PROPERTY

Charles BurnettSound Property Group / KW CommercialMore Info
206-931-6036

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Charles BurnettSound Property Group / KW CommercialMore Info
206-931-6036

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.