21 E Sullivan Street, Allyn, WA 98524
- $899,999
- 3,502
- SqFt
Listing courtesy of RE/MAX Realty South.
- List Price
- $899,999
- Status
- ACTIVE
- MLS#
- 2498531
- Price Change
- ▼ $49,901 1781848080
- Days on Market
- 125
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 3,502
- Area Total SqFt
- 3502
- Annual Tax Ammount
- 4852
- Internet Provider
- Astound
- Lot Size (sq ft)
- 7,841
- Sewer
- Sewer Connected
Property Description
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.
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Additional Information
- List Date
- 2026-03-27 00:39:13
- Community
- Allyn
- Net Operating Income
- $56,470
- Gross Adjusted Income
- $63,055
- Gross Scheduled Income
- $67,080
- Insurance Expenses
- $1,133
- Gross Rent Multiplier
- 14.74
- Total Expenses
- $6,585
- Cap Rate
- 5.7
- Vacancy Rate
- 6
- Total Number of Units
- 2
- Unit Name
- 21
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 2022
- View
- Bay, Canal, Sound, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet, Patio, Propane
- Other Expenses
- 600
- Energy Source
- Electric, Propane
- School District
- North Mason #403
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Gross Scheduled Income
- $67,080
- Vacancy Rate
- 6
- Gross Adjusted Income
- $63,055
- Tax Year
- 2025
- Insurance Expense
- $1,133
- Total Expenses
- $6,585
- Net Operating Income
- $56,470
- Gross Rent Multiplier
- 14.74
- Cap Rate
- 5.7
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.