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  • Listed by: RE/MAX Realty South • Jared Schmitz
    Price cut: $49.9K (6/19)
    $899,999

    21 E Sullivan Street, Allyn, WA 98524

    6beds
    6baths
    3,502sqft
    : 
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    Duplex
    Built in 2022
    -- sqft lot
    $887,400 Zestimate®
    $257/sqft
    $-- HOA

    What's special

    North bay viewsBeautifully appointed kitchenDedicated mudroomsFarmhouse sinkHigh ceilingsPrimary suiteWalk-in closet
    Exceptional newer construction duplex with North Bay views in Allyn! Built in 2022, this thoughtfully designed 2-story duplex offers a rare investment or living opportunity with two identical mirrored units, each featuring a spacious open-concept layout, high ceilings, and durable vinyl plank flooring throughout. Each unit includes a beautifully appointed kitchen with an 8-foot quartz island, farmhouse sink, propane range, crown molding cabinetry, and soft-close cabinets, ideal for everyday living and entertaining. The primary suite offers a walk-in closet and an ensuite bath with soaking tub, oversized walk-in shower, and double sinks. Additional features include tankless on-demand water heaters, dedicated mudrooms, and two-car garages for each unit. Situated on a fully fenced 7,841 sq ft lot, the property offers peaceful North Bay territorial and partial water views. Conveniently located near Lakeland Village Golf Course and the Allyn waterfront. Investment highlights include projected gross rents of $67,080 annually, 6% vacancy estimate, and adjusted gross income of $63,055. Operating expenses approximately $6,585 annually with an estimated NOI of $56,470. At a list price of $989,000, this reflects an approximate 5.7% cap rate. Buyer to verify all information to their satisfaction.
    97 days
    |
    132
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jared Schmitz,

    RE/MAX Realty South,

    Monique R Losk,

    RE/MAX Realty South

    Source: NWMLS as distributed by MLS GRID,MLS#: 2498531MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      Heating
      • Forced Air, Electric, Propane
      Cooling
      • None
      Appliances
      • Included: Tankless Water Heater
      Features
      • Flooring: Vinyl Plank
      • Has fireplace: No
      Interior area
      • Total structure area: 3,502
      • Total interior livable area: 3,502 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 17
      • Parking features: Garage
      • Garage spaces: 4
      • Uncovered spaces: 13
      Features
      • Has view: Yes
      • View description: Bay, Canal, Sound, Territorial
      • Has water view: Yes
      • Water view: Bay,Canal,Sound
      Lot
      • Size: 7,840 Square Feet
      • Features: Dead End Street, Paved, Cable TV, Fenced-Partially, High Speed Internet, Patio, Propane
      Details
      • Parcel number: 122205060001
      • Zoning description: Multi-Family,Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Duplex
      • Property subtype: Duplex
      Materials
      • Cement Planked, Cement Plank
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Very Good
      • Year built: 2022

      Utilities & green energy

      • Electric: Company: PUD 3
      • Sewer: Sewer Connected, Company: Mason County Utilities
      • Water: Company: Port of Allyn
      • Utilities for property: Astound

      Community & HOA

      Community
      • Subdivision: Allyn
      Location
      • Region: Allyn

      Financial & listing details

      • Price per square foot: $257/sqft
      • Tax assessed value: $636,385
      • Annual tax amount: $4,852
      • Date on market: 3/26/2026
      • Cumulative days on market: 98 days
      • Listing terms: Conventional,VA Loan

        Estimated market value

        $887,400

        $843,000 - $932,000

        $2,815/mo

        Price history

        DateEventPrice
        6/19/2026Price change$899,999-5.3%$257/sqft
        Source: NWMLS as distributed by MLS GRID #2498531 Report a problem
        5/7/2026Price change$949,900-4%$271/sqft
        Source: NWMLS as distributed by MLS GRID #2498531 Report a problem
        3/27/2026Listed for sale$989,000+10.5%$282/sqft
        Source: NWMLS as distributed by MLS GRID #2498531 Report a problem
        11/17/2025Listed for rent$2,795+7.5%$1/sqft
        Source: Zillow Rentals Report a problem
        5/5/2025Listing removed$2,599$1/sqft
        Source: Zillow Rentals Report a problem
        4/14/2025Price change$2,599-1.9%$1/sqft
        Source: Zillow Rentals Report a problem
        4/8/2025Price change$2,650-5.2%$1/sqft
        Source: Zillow Rentals Report a problem
        3/24/2025Price change$2,795+7.7%$1/sqft
        Source: Zillow Rentals Report a problem
        3/22/2025Price change$2,595-7.2%$1/sqft
        Source: Zillow Rentals Report a problem
        3/2/2025Listed for rent$2,795$1/sqft
        Source: Zillow Rentals Report a problem
        5/10/2024Sold$895,000+804%$256/sqft
        Source: Public Record Report a problem
        4/12/2024Listing removed--
        Source: Zillow Rentals Report a problem
        3/11/2024Listed for rent$2,795$1/sqft
        Source: Zillow Rentals Report a problem
        9/2/2003Sold$99,000$28/sqft
        Source: NWMLS as distributed by MLS GRID #23076640 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,910 +20.1%$636,385 +30.9%
        2023$4,919 +13.8%$486,300 +1218.6%
        2022$4,323 $36,880 +8.5%
        2021-- $33,980 +9.7%
        2020$295 -12.7%$30,975 +3.7%
        2018$338 +1.2%$29,870 -0.1%
        2017$334 -5.4%$29,890 +0.8%
        2016$353 +4.1%$29,640 -19.1%
        2015$339 -18.9%$36,660 -1.1%
        2014$417 $37,050 +18.8%
        2013$417 $31,200

        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 98524

        Getting around

        34 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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