This listing courtesy of Jared Schmitz , RE/MAX Realty South
$989,000

21 E Sullivan Street, Allyn, WA 98524

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2022
  • Property Lot Size Icon7,841sqft lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 days ago

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.

Listing Status:
Active
Data Last Updated:
April 2, 2026 at 9:21PM
Listing Office:
RE/MAX Realty South : 253-397-4911
Listing Agent:
Jared Schmitz : 253-397-4911
MLS ID:
2498531
  • Appliances: Tankless Water Heater
  • Flooring: Vinyl Plank
  • A/C: None
  • Heating: Forced Air
  • Fireplace: Fireplaces: 0
  • General: Cement Planked
  • Parking: Parking spaces: 17
  • Roofing: Composition
  • General: 52 - DuplexPoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: North Mason #403
  • County: Mason
  • Zoning: 122205060001
  • View: BayCanalSoundTerritorialView
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Jared Schmitz , RE/MAX Realty South

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

North Mason Online

90 E North Mason School Rd, Belfair, WA, 98528

Grades KG-12

2.38 miles away

H

Hawkins Middle School

300 E Campus Dr, Belfair, WA, 98528

Grades 6-8

2.26 miles away

N

North Mason High School

150 E North Mason School Rd, Belfair, WA, 98528

Grades 9-12

2.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.
Presented by Veterans United Realty