3407 56th Street, Gig Harbor, WA 98335
- $742,000
- 2,738
- SqFt
Listing courtesy of Windermere Prof Partners. Selling Office: John L. Scott, Inc.
- Sold Price
- $742,000
- List Price
- $750,000
- Status
- SOLD
- MLS#
- 2385982
- Closing Date
- Dec 03, 2025
- Days on Market
- 91
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,738
- Area Total SqFt
- 2738
- Annual Tax Ammount
- 5756
- Lot Size (sq ft)
- 42,688
- Sewer
- Septic Tank
Property Description
BACK ON MARKET-BUYER'S CIRCUMSTANCES CHANGED DAYS BEFORE CLOSING; NO FAULT OF HOME/SELLER. Great investment opportunity-nearly a 1 acre parcel with possibility for future development(buyer to verify). This well-maintained duplex is situated on a quiet dead-end street, surrounded by mature evergreens & just minutes to Uptown shopping, dining, & Hwy16. Each unit offers 1369sqft, 2 beds, 1.5 baths, & a flex space perfect for an office or 3rd bedroom. Individual interior laundry, & spacious 1-car garages w/ additional off-street parking. Expansive decks overlook the private, native-landscaped backyard. New roof in 2024 & new septic in 2012 provides peace of mind for future owners & tenants. Shown by appointment only-do not disturb the tenants.
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Additional Information
- List Date
- 2025-09-03 00:00:00
- Community
- Wollochet
- Net Operating Income
- $53,044
- Gross Adjusted Income
- $60,000
- Gross Scheduled Income
- $60,000
- Total Monthly Income
- $4,600
- Insurance Expenses
- $1,200
- Gross Rent Multiplier
- 12.91
- Total Expenses
- $6,956
- Cap Rate
- 6.8
- Total Number of Units
- 2
- Unit Name
- 3407
- Potential Terms
- Cash Out, Conventional, FHA, State Bond, VA Loan
- Year Built
- 1976
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially
- Energy Source
- Electric
- School District
- Peninsula
- Total Monthly Income
- $4,600
- Gross Scheduled Income
- $60,000
- Gross Adjusted Income
- $60,000
- Tax Year
- 2025
- Insurance Expense
- $1,200
- Total Expenses
- $6,956
- Net Operating Income
- $53,044
- Gross Rent Multiplier
- 12.91
- Cap Rate
- 6.8
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.