
Listed by Coldwell Banker Bain
Status: Active
32531 138th St SE
Sultan, WA 98294
3% Drop
$925,000
$899,000
Prime Multi-Family Development Site with Existing Home. Prime 2.38-acre parcel zoned Land – 42 – Multi-Family offering unmatched potential for townhomes, multi-family housing, retail, or phased development. Existing 3-bedroom, 2-bath home adds versatility—retain as a rental, use as an office, or integrate into future plans. Utilities include electricity on-site, gas, HS internet in street, Lot is lightly treed, partially cleared, minimizing prep costs. Additional improvements include driveway, fencing, and outbuilding(s). This is a rare opportunity combining development-ready land with an existing structure to generate income or support operations while entitlements progress.
Read more- Bedrooms
- 3
- Baths
- 2
- House Size
- 1,474 sqft
- Year Built
- 1990
- Lot Size
- 2.38 ac
- School District
- Sultan
Location
Market Insights
In the last 30 days, homes for sale in 98294, Sultan, WA were on the market for a median of 17.5 days and 15% of homes sold above list price.

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Get StartedInterior Information
- appliances
- Dishwasher
- Refrigerator
- basement
- None
- cooling
- Ceiling Fan(s)
- Ductless
- features
- Walk-in Closet(s)
- Ceiling Fan(s)
- fireplace
- Wood Burning
- flooring
- Concrete
- Hardwood
- heating
- Electric
- Baseboard
- Ductless
- view
- Territorial
- window features
- Storm Window(s)
Exterior Information
- features
- Garden
- fence
- Partial
- patio and porch
- Deck
- Patio
- roof
- Composition
Property Information
- construction
- Wood Siding
- lot
- Level
- Paved
- Secluded
- other structures
- Outbuilding
- parking
- Driveway
- Off Street
- Rv Access/parking
- subdivision name
- Sultan Basin
- utilities
- Cable Available
- Sewer Connected
- water source
- Public

- Listed By Kelly Russell
- (425) 290-7510
- Coldwell Banker Bain
- (425) 290-7510
- MillCreekAdmin@cbrealty.com
- MLS 2321105