This home's estimate is 4.8% higher than the average sale price ($561K) of 6 comparable homes.
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1300 SE Cedar Rd, Port Orchard, WA 98367
About this home
Incredible investment opportunity! This recently updated duplex in Port Orchard sits on over an acre, is fully occupied, and brings in amazing rents-with a CAP rate of 6.9%! Boasting identical floor plans with 1103 sqft, 3 bedrooms, 2 full bathrooms, and their own private garage/work space. Unit #1(1300) has new flooring throughout, new appliances, new paint, and new fixtures. Unit #2(1302) was updated only 2 years ago. The entire duplex has fresh exterior paint, and a newer roof in excellent condition. Conveniently located only minutes away from shopping/dining, ~10 mins to Seattle Fast Ferry, and just a short shot to Gig Harbor and everything it has to offer. Updated units + good rental income + convenient location = Great Investment!

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Market trends in 98367, WA
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- $524,9954 beds2.5 baths1,725 sq ft1033 SW Pendleton Way, Port Orchard, WA 98367Jonathan Lien • eXp Realty
- 3D & VIDEO TOUR
- $820,0003 beds2 baths1,413 sq ft5680 Long Lake Rd SE, Port Orchard, WA 98367Julian Aguirre • COMPASS
- $390,0003 beds2 baths1,344 sq ft4357 W Pleasant St, Port Orchard, WA 98367Jamie Knoblauch • Keller Williams West Sound
- $795,0004 beds2 baths2,168 sq ft5253 Banner Rd SE, Port Orchard, WA 98367Wendy Wardlow • John L. Scott, Inc.
- CONTINGENT$699,7774 beds2.5 baths2,290 sq ft3073 SE Misty Ct, Port Orchard, WA 98367James Bergstrom • Paramount Real Estate Group
- $575,0004 beds2.5 baths1,790 sq ft6243 Windlass Ave SE #12, Port Orchard, WA 98367Tory Mayfield • Keller Williams Realty PS
- $549,5004 beds2.5 baths1,917 sq ft1137 SW Pendleton Way, Port Orchard, WA 98367Tara Scouten • Keller Williams West Sound
See all
Provided by Redfin
Sale history for 1300 SE Cedar Rd
$234/sq ft
$217/sq ft
$173/sq ft
$172/sq ft
$74/sq ft
$77/sq ft
$8/sq ft
Tax history for 1300 SE Cedar Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Uncovered Spaces: 4
- Covered Spaces: 2
- Open Parking Spaces: 4
- Has Open Parking
Interior
- Heating & Cooling
- Has Heating
- Interior Features
- Interior Features: Wall to Wall Carpet
- Flooring: Vinyl, Vinyl Plank, Carpet
- Multi-Family Financial Information
- Electric Expense: $241
- Insurance Expense: $628
- Other Expense: $672
- Net Operating Income: $33,288
- Gross Adjusted Income: 38400
- Gross Scheduled Income: $38,400
- Total Monthly Income: 3200
- Gross Rent Multiplier: 12
- Total Expenses: 5112
- Multi-Unit Information
- Units Below Grade: false
- Units In Building Total: 2
- # of Units (Total): 2
- Furnished: Unfurnished
Exterior
- Building Information
- Roof: Composition
- Exterior Features
- Exterior Features: Wood, Wood Products
- Property Information
- Energy Source: Electric
- Style Code: 52 - Duplex
- Property Type: Residential Income
- Property Sub Type: Multi Family
- Property Condition: Good
- Land Information
- Possible Use: Multi-Family, Residential
- Lot Information
- MLS Lot Size Source: Kitsap County
- Site Features: Cable TV,High Speed Internet,Patio
- Zoning Jurisdiction: City
- Lot Features: Paved, Secluded
- Lot Size Units: Square Feet
- Lot Size Acres: 1.02
- Elevation Units: Feet
Financial
- Tax Information
- Tax Annual Amount: $3,571
- Tax Year: 2020
- Financial Information
- Listing Terms: Cash Out, Conventional, FHA, VA Loan
- Buyer Financing: Exchange
Utilities
- Utility Information
- Water Source: Individual Well, Private
- Power Company: Puget Sound Energy
- Sewer: Septic Tank
- Utilities: Cable Connected, High Speed Internet, Septic System, Electric, Individual Well
- Water Sewer Garbage: 0
Location
- HOA Information
- Association Fee Frequency: Annually
- School Information
- Elementary School: Hidden Creek Elem
- Middle Or Junior High School: Marcus Whitman Jnr H
- High School: So. Kitsap High
- High School District: South Kitsap
- Location Information
- Directions: From Bethel Rd SE, turn East on SE Cedar Rd. Go to end of SE Cedar Rd and turn left. Duplex will be first home on the right.
Public facts
- Beds: 6
- Baths: 4.0
- Sq. Ft.: 2,206
- Stories: 1.0
- Lot Size: 1.02 acres
- Style: Multi-Family (2-4 Unit)
- Year Built: 1993
- Year Renovated: —
- County: Kitsap County
- APN: 4800-000-013-0009
Other
- Listing Information
- Mls Status: Sold
- Listing Date Information
- Offers Review Date: Wednesday, February 10, 2021
- On Market Date: Tuesday, February 9, 2021
- Green Information
- Power Production Type: Electric
- Home Information
- Living Area Units: Square Feet
- Calculated Square Footage: 2206
- Building Area Total: 2206
- Building Area Units: Square Feet
- Foundation Details: Slab
- Structure Type: Duplex
- Stories Total: 1
Around this home
Schools
Public PreK-5 • Assigned • 0.9mi
Public 6-8 • Assigned • 2.9mi
Public 9-12 • Assigned • 3.1mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 86° expected this year, 14 days in 30 years
Minimal risk of severe winds over next 30 years
9 unhealthy days expected this year, 10 days in 30 years
Sun exposure
In this area, properties receive around 8.7 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 98367
Home values near 1300 SE Cedar Rd
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 1123 Sq. Ft. | $328,349 |
2 Beds | 1 Baths | 804 Sq. Ft. | $295,440 |
| Address | Redfin Estimate |
|---|---|
- Beds | - Baths | 900 Sq. Ft. | $233,966 |
3 Beds | 2 Baths | 1532 Sq. Ft. | $382,459 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1636 Sq. Ft. | $516,058 |
2 Beds | 1 Baths | 999 Sq. Ft. | $380,523 |
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