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    824 Kincaid Ave, Unit Sumner Sumner, WA 98390

    For Sale
    $1,100,000

    Six-unit apartment building in Downtown Sumner with redevelopment potential.

    Property size:
    3,280 SF

    Property Features for 824 Kincaid Ave

    General Information

    Standard status
    Active
    Size
    3,280 SF

    Building Details

    Year built
    1929

    Source: REAL BROKER LLC Agent CHARLES BURNETT, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sumner Multifamily Investment Opportunity

    This garden-style, six-unit apartment building is situated on a prominent corner lot in the heart of Downtown Sumner. The property features mission-inspired arches and a welcoming courtyard. The building has been updated and offers investment fundamentals. The property is fully occupied with a proven rental history and is offered at a 6% cap rate. Major improvements have been completed, including a new roof, fresh exterior paint, and new gas heaters. Interiors have been updated over the years. The property offers stable income and long-term redevelopment potential on a prime corner lot, with zoning allowing up to four stories of mixed-use. The building has a total size of 3280 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sumner
    County
    Pierce
    State
    Washington
    Longitude
    -122.2420089
    Latitude
    47.2020595

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in Downtown Sumner with redevelopment potential.
    Where is this apartment building located?
    The property is located at 824 Kincaid Ave, Unit Sumner Sumner, WA.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Prime corner lot location in Downtown Sumner with redevelopment potential (up to four stories mixed-use).; - Immediate cash flow with a 6% cap rate and proven rental history.; - Fully occupied, well-maintained historic building with recent major improvements.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    824 Kincaid Ave, Unit Sumner Sumner, WA 98390
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