1601-1607 Bonney Ave 4 Unit Apartment Building $1,070,000 ($267,500/Unit) 6.16% Cap Rate Sumner, WA 98390

Investment Sales Group | Compass is pleased to present 1601 Bonney Avenue, a well-maintained
4-unit multifamily property totaling 4,060 net rentable square feet and built in 1987 in Sumner,
Washington. The property features a highly desirable and consistent unit mix, with all four units
offering spacious 2-bedroom, 1-bathroom floorplans of approximately 1,015 square feet each.
Each unit includes in-unit washer and dryer, providing tenants with a valuable convenience
rarely found in comparable assets. The lower-level units benefit from large private backyards,
while the upper-level units feature private decks, creating functional outdoor living space for
each residence. Additional property features include vinyl windows, new exterior paint, forced-air
and baseboard heating, four carport parking spaces, and a storage shed. The crawl space has
recently been completely redone with a new vapor barrier, sump pump, and insulation.
Strategically located in Sumner, 1601 Bonney Avenue offers exceptional connectivity just blocks
from the Sounder Train and SR-167. The property provides immediate access to the Sumner-
Puyallup industrial hub and historic downtown Sumner's retail, dining, and service amenities. This
strong location, combined with proximity to major employment centers, supports durable tenant
demand within a supply-constrained submarket.
1601 Bonney Avenue represents an attractive opportunity to acquire a stabilized four-unit with
large floorplans, in-unit laundry, private outdoor space, and practical tenant amenities in one of
Pierce County's most accessible rental markets.