1303 Comet St, Milton, WA 98354

$700,000
1,588
SqFt

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Listing courtesy of Heaton Dainard, LLC. Selling Office: Theory Real Estate.

Sold Price
$700,000
List Price
$725,000
Status
SOLD
MLS#
2468581
Closing Date
Mar 31, 2026
Days on Market
42
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,588
Area Total SqFt
1588
Annual Tax Ammount
2737
Lot Size (sq ft)
12,000
Sewer
Sewer Connected

Property Description

Turnkey side-by-side duplex in a quiet residential Milton neighborhood—rarely available and the only multifamily on the street. This unique setting offers a safe, clean feel that consistently attracts long-term tenants. Previous renters stayed 4 and 5 years, and recent vacancies filled within one week at top market rents. Each identical unit features 2 bedrooms, 1 bathroom, in-unit laundry, and a deep one-car garage. Both units enjoy fully fenced private backyards with well-maintained patios and an irrigation system that keeps the grass green all summer. Situated on a large lot with future expansion potential. Fully remodeled in 2020 with new systems and a new roof. A true turnkey investment—act fast, properties like this don’t last!

Additional Information

List Date
2026-02-17 00:00:00
Community
Milton
Net Operating Income
$48,972
Gross Adjusted Income
$55,200
Gross Scheduled Income
$55,200
Total Monthly Income
$4,600
Insurance Expenses
$1,820
Water/Sewer/Garbage Expenses
$1,670
Gross Rent Multiplier
13.59
Total Expenses
$6,227
Cap Rate
6.5
Vacancy Rate
2
Total Number of Units
2
Unit Name
1303
Potential Terms
Cash, Conventional
Year Built
1900
Roof
Composition
Site Features
Fenced-Fully, Sprinkler System
Energy Source
Electric
School District
Fife
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,600
Gross Scheduled Income
$55,200
Vacancy Rate
2
Gross Adjusted Income
$55,200
Tax Year
2025
Insurance Expense
$1,820
W/S/G Expenses
$1,670
Total Expenses
$6,227
Net Operating Income
$48,972
Gross Rent Multiplier
13.59
Cap Rate
6.5
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.
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