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(253) 256-5270
My Q Homes with Wilcox Real Estate
3801 54th Street Court NW, Gig Harbor, WA 98335
- $685,000
- 2,232
- SqFt
Listing Broker: KW Greater Seattle; Everett Talvo; 206-714-4663; everett@etalvo.com
- List Price
- $685,000
- Status
- ACTIVE
- MLS#
- 2509011
- Price Change
- ▼ $34,000 1791951582
- Days on Market
- 177
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 2,232
- Area Total SqFt
- 2232
- Annual Tax Ammount
- 5015
- Lot Size (sq ft)
- 14,600
- Sewer
- Septic Tank
Property Description
Live for Less, Invest for More: Turnkey Gig Harbor Duplex! Exceptional investment or house-hacking opportunity in a prime Gig Harbor location just minutes from Hwy 16, shopping, and dining. This well-maintained corner-lot duplex features two spacious townhome-style units, each offering 2 bedrooms, 1.5 bathrooms, an attached garage, and a private fenced backyard with a patio. Unit 3801 is currently rented at $2,295/month, while unit 3803 is month-to-month at $1,750/month, presenting instant upside to raise rents or occupy. Tenants pay all utilities. Generate solid cash flow with a 6.2% cap rate (scaling to 7.1%) and let rental income offset your mortgage. A smart, strategic Pacific Northwest asset!
Additional Information
- List Date
- 2026-04-21 23:43:11
- Community
- Gig Harbor
- Net Operating Income
- $42,194
- Gross Adjusted Income
- $48,540
- Gross Scheduled Income
- $48,540
- Total Monthly Income
- $4,045
- Insurance Expenses
- $1,331
- Gross Rent Multiplier
- 14
- Total Expenses
- $6,346
- Cap Rate
- 6.2
- Total Number of Units
- 2
- Unit Name
- 3801
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1972
- View
- Territorial
- Roof
- Composition
- Site Features
- Fenced-Partially, Patio
- Energy Source
- Electric
- School District
- Peninsula
- Elementary School
- Harbor Heights Elem
- Middle School
- Goodman Mid
- High School
- Gig Harbor High
- Total Monthly Income
- $4,045
- Gross Scheduled Income
- $48,540
- Gross Adjusted Income
- $48,540
- Tax Year
- 2025
- Insurance Expense
- $1,331
- Total Expenses
- $6,346
- Net Operating Income
- $42,194
- Gross Rent Multiplier
- 14
- Cap Rate
- 6.2
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.