21 E Sullivan Street, Allyn, WA, 98524
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Very Good
- Year built: 2022
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Cement Planked,Cement Plank
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex
Interior
Appliances
- Appliances included: Tankless Water Heater
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 6
Features
- Flooring: Vinyl Plank
Heating & Cooling
- Heating features: Forced Air,Electric,Propane
- Cooling features: None
Interior Area
- Total structure area: 3,502
- Total interior livable area: 3,502 sqft
Property
Details
- Parcel number: 122205060001
- Zoning description: Multi-Family,Residential
- Special condition: Standard
Features
- Has view: Yes
- View description: Bay,Canal,Sound,Territorial
- Has water view: Yes
- Water view: Bay,Canal,Sound
Lot
- Lot size: 7,840 sqft
- Features: Dead End Street,Paved,Cable TV,Fenced-Partially,High Speed Internet,Patio,Propane
Parking
- Total spaces: 17
- Parking features: Garage
- Attached garage spaces: 4
- Covered spaces: 4
- Uncovered spaces: 13
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Coastal Flooding
- Inland Flooding
- Heat Wave
- Landslide
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Mason County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,550 | $54,600 |
| Home Insurance * | $220 | $2,640 |
| Property Taxes | $651 | $7,812 |
| Electricity | $239 | $2,874 |
| Total | $5,660 | $67,920 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Price change | $949,900 |
| 2026-03-27 | Listed for sale | $989,000 |
| 2025-11-17 | Listed for rent | $2,795 |
| 2025-05-05 | Listing removed | $2,599 |
| 2025-04-14 | Price change | $2,599 |
| 2025-04-08 | Price change | $2,650 |
| 2025-03-24 | Price change | $2,795 |
| 2025-03-22 | Price change | $2,595 |
| 2025-03-02 | Listed for rent | $2,795 |
| 2024-05-10 | Sold | $895,000 |
| 2024-04-12 | Listing removed | -- |
| 2024-03-11 | Listed for rent | $2,795 |
| 2003-09-02 | Sold | $99,000 |
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