214 Varner Avenue SE Unit #1 & 2, Orting, WA 98360
- $600,000
- 2,095
- SqFt
Listing courtesy of Washington Realty Group. Selling Office: James & Associates R.E. Inc..
- Sold Price
- $600,000
- List Price
- $658,000
- Status
- SOLD
- MLS#
- 2360564
- Closing Date
- Sep 30, 2025
- Days on Market
- 110
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,095
- Area Total SqFt
- 2095
- Annual Tax Ammount
- 4990
- Lot Size (sq ft)
- 15,000
- Sewer
- Sewer Connected
Property Description
Turnkey Investment Opportunity – Tenant-Occupied Duplex in Downtown Orting Investor alert! This well-maintained, tenant-occupied duplex in the heart of downtown Orting offers immediate rental income with long-term tenants already in place. Each townhouse-style unit features 2 bedrooms, 1.5 bathrooms, a living room, dining area, kitchen, laundry hookups, and covered parking. Situated close to parks, restaurants, and walking trails, this property is ideally located for consistent tenant demand. Bonus: The identical duplex next door is also for sale and perfect for an owner-occupant or additional investment potential—buy one or both for a rare portfolio opportunity!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-06-12 00:00:00
- Community
- Orting
- Net Operating Income
- $38,745
- Gross Adjusted Income
- $49,708
- Gross Scheduled Income
- $51,780
- Total Monthly Income
- $4,315
- Insurance Expenses
- $1,090
- Water/Sewer/Garbage Expenses
- $2,484
- Gross Rent Multiplier
- 13.3
- Total Expenses
- $10,964
- Cap Rate
- 5.62
- Vacancy Rate
- 4
- Total Number of Units
- 2
- Unit Name
- 214
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1990
- Roof
- Composition
- Other Expenses
- 2400
- Energy Source
- Electric
- School District
- Orting
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,315
- Gross Scheduled Income
- $51,780
- Vacancy Rate
- 4
- Gross Adjusted Income
- $49,708
- Tax Year
- 2025
- Insurance Expense
- $1,090
- W/S/G Expenses
- $2,484
- Total Expenses
- $10,964
- Net Operating Income
- $38,745
- Gross Rent Multiplier
- 13.3
- Cap Rate
- 5.62
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.