Property Details
1507 Wright Avenue
Sumner, WA 98390
$650,000
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Property Overview
Long-owned & nurtured by fastidious Sellers, this desirable Sumner duplex is a treasure. 2 bedroom, 1 bath units, each with a garage and a fully fenced, generously sized yard. Perfectly located within minutes to all kinds of amenities…restaurants, shops, breweries. 5 minutes to Sounder Train station and also Hwy 410 for easy commuting. Play at beautiful Lake Tapps, just 10 minutes away. Always rented, it's an investor's dream. Likewise, a smart owner occupant Buyer could have a wonderful home AND an incredible investment. PLEASE DO NOT BOTHER THE TENANT in 1509.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Sumner
Listed
Feb 12, 2026
Financial Summary
Cap Rate
5.15%
Net Operating Income
$33,521
Gross Scheduled Income
$44,400
Gross Rent Multiplier
14.64
Total Expenses
$10,879
Building & Use
Building Sq Ft
1,664
Leasable Area
1,664 sqft
Total Units
2
Lot Size
9,230 sqft
Year Built
1960
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1960
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Wood Products
Location
City
Sumner
County
Pierce
Coordinates
47.20792, -122.23046
Additional Information
Tax Year
2025
Annual Taxes
$5,732
Possession
Array
Based on information submitted to the MLS GRID as of May 8, 2026 8:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
