Sumner, WA 98390 824 Kincaid Avenue # 1-6
$1,100,000
29 more
Presented By: Real Broker LLC and NWMLS
- MLS# 2423801
- 08/21/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 3,280
Home Details
Garden-style 6-unit apartment building in the heart of Downtown Sumner on a prominent corner lot. Mission-inspired arches and a welcoming courtyard highlight timeless charm alongside modern updates and strong investment fundamentals. Fully occupied with proven rental history, offered at a 6% cap rate, the property offers immediate cash flow with major improvements completed, including a new roof, fresh exterior paint, and new gas heaters. Interiors have been updated over the years. A rare opportunity to own a well-maintained historic multifamily in a walkable, high-demand location—offering stable income today and exceptional long-term redevelopment potential on a prime corner lot, with zoning allowing up to four stories of mixed-use.
Presented By: Real Broker LLC and NWMLS
Interior Features for 824 Kincaid Avenue # 1-6
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Laminate
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories1
General for 824 Kincaid Avenue # 1-6
AmenitiesThermal Windows
Building Area UnitsSquare Feet
Cap Rate6
Carport Spaces
Carport Y/NNo
CitySumner
CoolingNone
CountyPierce
DirectionsKincaid Ave
Electric Expense750
Energy EfficientThermal Windows
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High School DistrictSumner-Bonney Lake
Insurance Expense2200
Leasable Area3280
Listing TermsConventional
Lot Size Square Feet7200
Lot Size UnitsSquare Feet
MLS Area74 – Sumner
ModificationTimestamp2025-08-25T15:34:10.944Z
NWM_ShowMapLinkY
Net Operating Income66041
New ConstructionNo
Number Of Units Total6
Open Parking Spaces0
PossessionClosing
Property ConditionAverage
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksGarden-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 a
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameDowntown Sumner
Tax Annual Amount8753
Tax Year2025
Unit Number1-6
Units Below Gradefalse
Units In Building Total6
ViewTerritorial
Water Sewer Garbage6300
Year Built1929
Exterior for 824 Kincaid Avenue # 1-6
Building Area Total3280
Covered Spaces
Exterior AmenitiesCement/Concrete
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Paved, Sidewalk, Value In Land
Lot Size Acres0.1653
Parking Uncovered Spaces0
Total Parking0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®