Listed by Brandon Adams • Better Properties Gig Harbor. Bought with John L. Scott, Inc.
Off market mar 2021 for $516K
$539,955
Est. refi paymentEst. refi$2,314/mo
—
bd
•
— ba
•
2,206
sq ft
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!
Multi-familyProperty Type
1993Year Built
1.02 acresLot Size
$245Est. Price/Sq.Ft.
6 spacesParking
Listed by Brandon Adams• Better Properties Gig Harbor
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
6
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
1.02 Acres
Year renovated
—
Sq. Ft.
2,206
Year built
1993
Style
Multi-Family (2-4 Unit)
County
Kitsap County
APN
4800-000-013-0009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 23, 2026.
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
Home facts updated by county records on Oct 23, 2026
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
K - 12
Preschool & daycare
Hidden Creek Elementary School
Public PreK-5 • Assigned • 0.9mi
4/10
Marcus Whitman Junior High School
Public 6-8 • Assigned • 2.9mi
3/10
South Kitsap High School
Public 9-12 • Assigned • 3.1mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Port Orchard offers buyers a balance of more space, newer housing, and a quieter suburban setting than many closer-in Seattle-area markets. Demand is supported by access to Highway 16, the Bremerton ferry, Naval Base Kitsap, outdoor recreation, and...