Property Details
15912 Elm Street E
Sumner, WA 98390
$1,025,000
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Property Overview
Great opportunity to own a well-located 4-plex in the heart of downtown Sumner with a brand new roof. Each unit offers 2 bedrooms and 1 bathroom with desirable features including dishwashers, washer/dryer hookups, fireplaces, individual storage lockers, and covered parking. Situated in a highly sought after downtown location within the Sumner-Bonney Lake School District. Tenants enjoy easy access to freeways, the Sumner Sounder Station, shopping, dining, entertainment, and more. A solid investment with updating/remodeling, fresh paint, new carpets, and strong rental appeal in a prime location.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Downtown Sumner
Listed
Feb 17, 2026
Financial Summary
Cap Rate
6.00%
Net Operating Income
$61,826
Gross Scheduled Income
$86,400
Gross Rent Multiplier
12.00
Total Expenses
$20,253
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,728
Leasable Area
3,728 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
17,733 sqft
Year Built
1983
Exterior & Lot
Lot Size
0.41 sqft
Year Built
1983
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Paved
Exterior Features
Wood, Wood Products
Location
City
Sumner
County
Pierce
Coordinates
47.21023, -122.21684
Additional Information
Tax Year
2025
Annual Taxes
$10,653
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
