21 E Sullivan Street, Allyn, Washington 98524

WA, Allyn
$989,000
  • 3,502 Sqft
  • Residential Income Property Type
  • 2022 Year Built
  • Active Status
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.

Source: NWMLS
Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 2498531
  • Price: $989,000
  • View: Bay,Canal,Sound,Territorial
  • Square Footage: 3,502 Sqft
  • Year Built: 2022
  • Lot Area: 0.18 Acre
  • Status: Active
  • Office Name: RE/MAX Realty South
  • Agent Name: Jared Schmitz
  • Property Sub Type: Multi Family
  • Roof: Composition
Features
  • Heating System Forced Air
  • Cooling System None
  • Exterior Features Cement Planked
  • Flooring Vinyl Plank
  • Sewer Sewer Connected
Appliances
  • Tankless Water Heater
Address Map
  • Country US
  • State WA
  • County Mason
  • City Allyn
  • Zipcode 98524
  • Street: Sullivan
  • Street Number: 21
  • Street Suffix: Street
  • Longitude: W123° 10' 11.5''
  • Latitude: N47° 22' 59.8''
  • 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.
  • Mls Area Major: 180 - North Mason
  • Street Dir Prefix: E
Neighborhood
  • Elementary School: Buyer To Verify
  • High School: Buyer To Verify
  • High School District: North Mason #403
  • Middle School: Buyer To Verify
Additional Information
  • Virtual Tour: Virtual Tour
  • Stories Total: 2
  • Possible Use: Multi-Family,Residential
  • On Market Date: 2026-03-26
  • Number Of Units Total: 2
  • Lot Features: Dead End Street, Paved
  • Garage: 4
  • Foundation Details: Poured Concrete
  • Construction Materials: Cement Plank
Financial
  • Tax Annual Amount: 4852
Listing Information
  • Co List Agent Full Name: Monique R Losk
  • Co List Agent Mls Id: 46094
  • Co List Office Mls Id: 9389
  • Co List Office Name: RE/MAX Realty South
  • List Agent Mls Id: 154088
  • List Office Mls Id: 9389
  • Listing Term: Cash,Conventional,VA Loan
  • Mls Status: Active
  • Modification Timestamp: 2026-04-09T18:01:11Z
  • Originating System Name: NWMLS
  • Special Listing Conditions: None
  • Status Change Timestamp: 2026-03-27T06:19:48Z
Rene  Orona
Rene Orona SKYLINE PROPERTIES, INC.
  • +1-425-891-8162
  • rene@brokerofrealestate.com
  • 50 116TH AVE SE STE 120 Bellevue, WA 98004, United States
  • +1-425-732-9211

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