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29132531
29132530

837 Garden Green Pl, Sultan, WA 98294

AZ
WA WA 98322AB
windermere Real Estate
Listed by windermere Real Estate
$2,250,000
423 days on market
Updated 3 days ago

Garden Green

Details
APN 28083200312400
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,618
Net Rentable (SqFt) 7,618
Units 6
Cap Rate 6.1%
NOI $137,142
Price per SqFt $295
Broker Co-Op Yes
Class B
Year Built 2009
Buildings 1
Stories 3
Acreage 0.500
Zoning HD High Density
Parking Spaces 3 per unit
Sale Condition 1031 exchange

Prime units in Sultan

Marketing description

Stable income and long‑term upside combine in this 6‑unit townhouse‑style investment property in Sultan, WA. With a current 5.5% cap rate, all units individually metered, and tenants paying their own utilities, this turnkey asset offers investors both strong current returns and operational efficiency.

The property consists of four 2‑bed, 2.5‑bath units (approx. 1,100 SF each) and two 3‑bed, 2.5‑bath units (approx. 1,350 SF)—all featuring private two‑car garages and modern layouts that attract quality tenants. Low‑maintenance construction, steady rental demand, and Sultan’s growing commuter appeal make this a standout multifamily hold within Snohomish County.

Investment Highlights:

  • 6 townhouse‑style units – quality newer construction

  • 5.5% current cap rate with potential for rent growth

  • Tenants pay all utilities (separately metered)

  • Four 2BD/2.5BA (±1,100 SF) & two 3BD/2.5BA (±1,350 SF) units

  • Each unit includes a private two‑car garage

  • Easy Highway 2 access near Monroe & Everett employment centers

Rarely available and investor‑ready, this Sultan 6‑plex combines strong fundamentals with long‑term appreciation potential—an ideal addition to any Pacific Northwest multifamily portfolio.

Investment highlights

  • 6 good sized units

  • Easily rented

  • All units have 2 car garages

  • Well maintained complex

Listing Contacts

AZ
WA WA 98322AB
windermere Real Estate
Listed by windermere Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$137,142.00
$11,428.50/mo

Valuation Metrics

0
DSCR
6.1%
Cap Rate
6.1%
ROI

Map

Zoning

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HDR ResidentialMulti FamilyHigh Density Residential
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View all 16 uses
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Aaron Zehm
License
WA 98322AB
Brokerage
Windermere Real Estate HLC
Brokerage Phone
425-483-5100
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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