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$989,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Car Garage
  • Updated 5 days ago

Listed by Jared Schmitz | RE/MAX Realty South | (253) 397-4911 and Monique R Losk | RE/MAX Realty South | (253) 397-4911

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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.

Full Property Details for 21 E Sullivan St

General

  • Price: $989,000
  • Taxes: $4,852 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2498531
  • Updated: 3/27/2026
  • Added to Site: 6 day(s) ago

Interior

  • Flooring: Vinyl Plank

Additional Information

  • Amenities: Cable TV, Fenced-Partially, High Speed Internet, Patio, Propane
  • Security/Safety: Partially Fenced

Parking

  • Garage Spaces: 4
  • Covered Spaces: 4
  • Uncovered Spaces: 13

Location

  • Area: 180 - North Mason
  • County: Mason
  • Subdivision: Allyn
  • Building Name: Sherwood Ave Addition
  • Driving Directions: From Belfair head south on WA-3 S for 5.4 miles. Turn right onto E Lakeland Dr and continue 0.1 miles. Turn right onto Wheelwright St N and proceed 0.2 miles. Turn right onto E Sullivan St.

School Information

  • High School District: North Mason #403
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Cement Planked
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,502
  • Year Built: 2022
  • Property Condition: Very Good

Unit Information

  • Units in Building: 2

Lot Features

  • Property View: Bay, Canal, Sound, Territorial
  • Lot Size (Acres): 0.18
  • Lot Size (Sq. Ft.): 7,841
  • Lot Size Source: Realist
  • Lot Features: Dead End Street, Paved
  • Zoning: Multi-Family, Residential

Financial Considerations

  • Tax Amount: $4,852
  • Tax Year: 2025
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 122205060001

Listed by Jared Schmitz | RE/MAX Realty South | (253) 397-4911 and Monique R Losk | RE/MAX Realty South | (253) 397-4911

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Schools serving 21 E Sullivan St

School District:North Mason School District
NameGradesDistance
Belfair Elementary School
NE 22900 Hwy 3, Belfair, WA 98528
PK-63.8 mi
Hawkins Middle School
300 East Campus Drive, Belfair, WA 98528
6-82.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 21 E Sullivan St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/26/2026
Listed
$989,000
17.51%
MLS
5/08/2024
Sold
$841,629
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 21 E Sullivan St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,053
-38%
$751,395
18%
2023
$4,919
14%
$636,385
31%
2023
$4,323
—
$486,300
1219%
2023
$4,323
1365%
$36,880
9%
2021
$295
-12%
$33,980
7%
2019
$334
-5%
$31,675
6%
2018
$353
4%
$29,870
—
2017
$339
—
$29,890
1%
2017
$339
-19%
$29,640
-19%
2016
$417
—
$36,660
-1%
2015
$417
37%
$37,050
19%
2013
$305
—
$31,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Jared Schmitz | RE/MAX Realty South | (253) 397-4911 and Monique R Losk | RE/MAX Realty South | (253) 397-4911

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21 E Sullivan Street, Allyn, WA 98524 (MLS# 2498531) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 21 E Sullivan Street is currently listed for $989,000 and was received on March 26, 2026. Want to learn more about 21 E Sullivan Street? Do you have questions about finding other Multi-Family real estate for sale in Allyn? You can browse all Allyn real estate or contact a Coldwell Banker agent to request more information.

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