893 Queens Street, Milton, WA 98534
- $740,000
- 2,592
- SqFt
Listing courtesy of Kidder Mathews. Selling Office: John L. Scott, Inc..
- Sold Price
- $740,000
- List Price
- $760,000
- Status
- SOLD
- MLS#
- 2365166
- Closing Date
- Jun 05, 2025
- Days on Market
- 13
- Style
- 52 - Duplex
- Finished SqFt
- 2,592
- Area Total SqFt
- 2592
- Annual Tax Ammount
- 6222
- Lot Size (sq ft)
- 7,068
- Sewer
- Sewer Connected
Property Description
The 893 Queens St Duplex presents an excellent opportunity to own a well-maintained modern duplex with significant rent increase available to investors. Each unit features 1,296 Sf of living space with 3-bedrooms and 2.5-baths, a garage, modern appliances and finishes. Current rents are an estimated $350 below market. This estimates a 16.27% increase in rents are feasible. Current leases expire June 30 and July 31, 2025
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Additional Information
- List Date
- 2025-05-23 00:00:00
- Community
- Milton
- Net Operating Income
- $44,375
- Gross Adjusted Income
- $52,200
- Gross Scheduled Income
- $52,200
- Total Monthly Income
- $4,350
- Insurance Expenses
- $901
- Water/Sewer/Garbage Expenses
- $102
- Gross Rent Multiplier
- 14.56
- Total Expenses
- $7,225
- Cap Rate
- 5.92
- Total Number of Units
- 2
- Unit Name
- 893
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 2005
- Roof
- Composition
- Site Features
- Cable TV
- Energy Source
- Electric
- School District
- Fife
- Total Monthly Income
- $4,350
- Gross Scheduled Income
- $52,200
- Gross Adjusted Income
- $52,200
- Tax Year
- 2025
- Insurance Expense
- $901
- W/S/G Expenses
- $102
- Total Expenses
- $7,225
- Net Operating Income
- $44,375
- Gross Rent Multiplier
- 14.56
- Cap Rate
- 5.92
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.