3801 54th Street Court NW, Gig Harbor, WA 98335

$719,000
2,232
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of KW Greater Seattle.

List Price
$719,000
Status
ACTIVE
MLS#
2509011
Price Change
▼ $30,000 1781647830
Days on Market
98
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 for $719,000! Perfect for house hacking or a powerhouse addition to your rental portfolio, this well-maintained corner-lot duplex offers the ultimate blend of lifestyle and cash flow. Live in one side and let the current rental income of nearly $2,300/month significantly offset your mortgage, or capitalize on a high-yield asset in a premier Pacific Northwest location. Each highly desirable unit feels like a private townhome, featuring 2 spacious bedrooms, 1.5 baths, an attached garage, and its own fully fenced backyard with a patio for ultimate privacy. Positioned just minutes from Highway 16, prime shopping, and dining, this turnkey property guarantees consistent tenant demand, low-maintenance landscaping, and a solid rental history. Whether you are looking to drastically cut your living expenses by occupying a unit or seeking a reliable, long-term investment in a highly coveted market, this Gig Harbor gem is a smart, strategic move.

Additional Information

List Date
2026-04-21 18:58:11
Community
Gig Harbor
Net Operating Income
$40,994
Gross Adjusted Income
$47,340
Gross Scheduled Income
$47,340
Total Monthly Income
$3,945
Insurance Expenses
$1,331
Gross Rent Multiplier
15
Total Expenses
$6,346
Cap Rate
5.5
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
$3,945
Gross Scheduled Income
$47,340
Gross Adjusted Income
$47,340
Tax Year
2025
Insurance Expense
$1,331
Total Expenses
$6,346
Net Operating Income
$40,994
Gross Rent Multiplier
15
Cap Rate
5.5
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.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks