Sultan Motel and Residential
101 Dutch Cup Ln, Sultan, WA
Call to check price and availability
2.39 acre lot with motel, homes, and redevelopment potential.
Type:HOSPITALITY
Property size:
12,708 SFLot size:
2.39 AcresPrice / SF:
$251/SF- Added:
- Nov 24, 2025
- Days on Market:
- 179
- Last Refresh:
- Apr 5 at 8:18 pm
Property Features for 101 Dutch Cup Ln
General Information
- Standard status
- Active
- Size
- 12,708 SF
- Lot size
- 2.39 Acres
- Property subtype
- HOSPITALITY
Listing agent River Voorhees (206) 250-9934
Listing office Westlake Associates, Inc. (206) 250-9934
Listing date Nov 24, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Westlake Associates, Inc.
HighLights
- High‑density residential zoning on 2 acres allows for exceptional redevelopment potential.
- Income‑generating property with a 22‑key motel, three single‑family rentals, a 4‑plex, and three mobile home pads.
- The Dutch Cup Motel is the only motel in Sultan, WA, offering a unique business opportunity.
- Great visibility from Highway 2 and prime location on Main Street.
- Utilities are already on site, simplifying the redevelopment process.
- Proximity to major employers and a lack of housing supply make Sultan attractive to national home builders.
Overview
The property for sale features the Dutch Cup Motel, along with three single family houses, a 4-plex, and three operational mobile home pads. The entire complex is situated on a 2.39 acre lot in Downtown Sultan, presenting redevelopment potential. Originally constructed in 1970, the Dutch Cup is a 22-key motel with frontage on Main Street and visibility from Highway 2. Behind the Dutch Cup is approximately 2 acres of flat land zoned for high density residential development. This additional land includes the single family rentals, the 4-plex building, and the mobile home pads, all of which provide income. This opportunity allows an investor to maximize operations of the Motel, as it is the only motel in Sultan, WA. The current ownership group self manages and have operated the motel for many years. The property offers the potential to redevelop the 2 acres of land in the back to build either multifamily housing or single family homes. Utilities are already on site.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$2.35M
NOI $211,840 @ 9.00% cap · cautious / downside scenario
Moderate
$3.03M
NOI $211,840 @ 7.00% cap · market / base-case scenario
Aggressive
$4.24M
NOI $211,840 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $320.2k | $25.20 |
| − Vacancy | −$17.6k | −$1.39 |
| EGI | $302.6k | $23.81 |
| − OpEx | −$90.8k | −$7.14 |
| NOI | $211.8k | $16.67 |
12,708 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$3.03M
$2.65M – $3.53M
NOI $211,840 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$2.72M
$2.38M – $3.17M
NOI $190,077 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$3.54M
$3.10M – $4.13M
NOI $248,083 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Motels
Similar Places Nearby
- Dutch Cup Motel — 101 Dutch Cup Ln, Sultan, WA 98294
Map
- City
- Sultan
- County
- Snohomish
- State
- Washington
- Longitude
- -121.817
- Latitude
- 47.8626
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FAQs
What type of property is this?
Motel - 2.39 acre lot with motel, homes, and redevelopment potential.
Where is this motel located?
The property is located at 101 Dutch Cup Ln Sultan, WA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: High‑density residential zoning on 2 acres allows for exceptional redevelopment potential.; Income‑generating property with a 22‑key motel, three single‑family rentals, a 4‑plex, and three mobile home pads.; The Dutch Cup Motel is the only motel in Sultan, WA, offering a unique business opportunity.
