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.
Sold
Listed by: COMPASS • Marius ion
Bought with: RE/MAX Metro Realty, Inc.
$475,000
402 1st Street, Sultan, WA 98294
4beds
2baths
1,620sqft
Duplex, Multi Family
Built in 1979
-- sqft lot
$475,500 Zestimate®
$293/sqft
$1,920 Estimated rent
Home value
$475,500
$442,000 - $514,000
$1,920/mo
Zestimate® history
Owner options
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$1,920/mo
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$1,920/mo
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$2,896/mo
Est. payment
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$2,896/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Marius ion,
COMPASS,
Duy D Hoang,
COMPASS
Bought with:
Kevin M. Harasimowicz, 102801
RE/MAX Metro Realty, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2411535
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Engineered Hardwood, Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 1,620
- Total interior livable area: 1,620 sqft
Property
Parking
- Total spaces: 4
- Parking features: Open
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,227 Square Feet
- Dimensions: 76 x 70
- Features: Corner Lot, Curbs, Paved, Sidewalk
Details
- Parcel number: 00586300100100
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1979
Utilities & green energy
- Electric: Company: Snohomish County PUD
- Sewer: Sewer Connected
- Water: Public, Company: City of Sultan
Community & HOA
Community
- Subdivision: Baring
Location
- Region: Sultan
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $370,400
- Annual tax amount: $3,113
- Date on market: 6/26/2025
- Cumulative days on market: 391 days
- Listing terms: Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2025 | Sold | $475,000$293/sqft |
Source:  NWMLS as distributed by MLS GRID #2411535 Report a problem | ||
| 8/29/2025 | Pending sale | $475,000$293/sqft |
Source: NWMLS as distributed by MLS GRID #2411535 Report a problem | ||
| 8/27/2025 | Price change | $475,000-5%$293/sqft |
Source: NWMLS as distributed by MLS GRID #2411535 Report a problem | ||
| 7/23/2025 | Listed for sale | $499,998+69.5%$309/sqft |
Source: NWMLS as distributed by MLS GRID #2411535 Report a problem | ||
| 1/17/2019 | Sold | $295,000$182/sqft |
Source: NWMLS as distributed by MLS GRID #1385725 Report a problem | ||
| 12/26/2018 | Pending sale | $295,000$182/sqft |
Source: KW Everett #1385725 Report a problem | ||
| 11/16/2018 | Price change | $295,000-4.8%$182/sqft |
Source: KW Everett #1385725 Report a problem | ||
| 9/14/2018 | Price change | $309,995-2.8%$191/sqft |
Source: John L Scott Real Estate #1320140 Report a problem | ||
| 6/29/2018 | Listed for sale | $319,000+27.6%$197/sqft |
Source: John L Scott Real Estate #1320140 Report a problem | ||
| 2/6/2018 | Listing removed | $249,950$154/sqft |
Source: John L Scott Real Estate #1221797 Report a problem | ||
| 12/17/2017 | Pending sale | $249,950$154/sqft |
Source: John L Scott Real Estate #1221797 Report a problem | ||
| 12/2/2017 | Listed for sale | $249,950-10.7%$154/sqft |
Source: John L Scott Real Estate #1221797 Report a problem | ||
| 11/17/2010 | Listing removed | $279,999$173/sqft |
Source: John L Scott Real Estate #13775 Report a problem | ||
| 3/14/2010 | Listed for sale | $279,999+64.7%$173/sqft |
Source: John L Scott Real Estate #13775 Report a problem | ||
| 8/24/2001 | Sold | $170,000$105/sqft |
Source: NWMLS as distributed by MLS GRID #21019596 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,312 +6.4% | $370,400 +5.4% |
| 2023 | $3,113 +4.2% | $351,400 -7.9% |
| 2022 | $2,986 +7.4% | $381,500 +25.1% |
| 2021 | $2,779 +6.6% | $304,900 +14.3% |
| 2020 | $2,608 +5.3% | $266,800 +8% |
| 2019 | $2,476 | $247,000 +15.1% |
| 2018 | -- | $214,600 +22.2% |
| 2017 | $2,360 +43.4% | $175,600 +14.7% |
| 2016 | $1,646 | $153,100 +22.1% |
| 2015 | $1,646 -30.3% | $125,400 -28.4% |
| 2013 | $2,362 | $175,100 |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2002 | -- | -- |
| 2001 | $1,721 +6.7% | $132,300 +24.6% |
| 2000 | $1,612 | $106,200 |
Find assessor info on the county website
Neighborhood: 98294
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Nearby schools
GreatSchools rating
- 7/10Sultan Elementary SchoolGrades: K-5Distance: 0.2 mi
- 6/10Sultan Middle SchoolGrades: 6-8Distance: 0.4 mi
- 5/10Sultan Senior High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$475,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$475,500
- Washington
- Snohomish County
- Sultan
- 98294
- 402 1st Street
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