Corner-Lot Duplex with
3801 54th Street Court NW, Gig Harbor, WA 98335
For Sale
$685,000
Two townhome-style units offer private patios, attached garages, and two bedrooms each.
Property Size2,232 SF
Price / SF$306.90
Days on Market60
Property Features for 3801 54th Street Court NW
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Net Operating Income
Financials
Asking Price
Gross Income
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
attached garage
fenced backyard
patio
low-maintenance landscaping
views
Vinyl,Carpet
Yes
No
2
4
Electric
Corner Lot,Paved
Public
Fenced-Partially,Patio
10
14,600
0.3352
Wood
Poured Concrete
2232
8
Building Details
Building Size
Year Built
Stories
Listing Agency:
KW Greater Seattle
(206) 632-2636
Listed By:
Everett Talvo
(206) 714-4663
Source:
Premierepropertygroup
Added: Sep 12
Changed: Nov 8
Last Checked: Nov 8 at 4:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Greater Seattle
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,232-square-foot duplex, built in 1972, includes two separate townhome-style residences. Each unit has two bedrooms, one and a half bathrooms, an attached garage, and a private patio. Interior finishes include vinyl and carpet, while the property sits on a paved corner lot.
The property is located at 3801 54th Street Court NW in Gig Harbor, with access to Highway 16, shopping, and dining nearby. Its duplex configuration supports separate occupancy of both residences or a live-in arrangement with one unit available for rental.
The property is located at 3801 54th Street Court NW in Gig Harbor, with access to Highway 16, shopping, and dining nearby. Its duplex configuration supports separate occupancy of both residences or a live-in arrangement with one unit available for rental.
Key Highlights
- 2,232‑square‑foot duplex with two separate residences
- Each unit includes 2 bedrooms and 1.5 baths
- Attached garage provided for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,284
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,680
$585.7K
Cap Rate 7%
$418,343
$418.3K
Cap Rate 9%
$325,378
$325.4K
Market Conditions
NOI Build-Up for 2,232 SF
Gross rent
$45.0K $20.16/SF
− Vacancy
−$3.2K −$1.42/SF
EGI
$41.8K $18.74/SF
− OpEx
−$12.6K −$5.62/SF
NOI
$29.3K $13.12/SF
Area
Pierce County, WA
Vacancy
7.03%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,680
Cap Rate 7%
$418,343
Cap Rate 9%
$325,378
Alternative Uses
Best Use
Multifamily LT 5
$418.3K
$366.1K – $488.1K
NOI $29,284 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$385.8K
$337.6K – $450.2K
NOI $27,009 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$602.8K
$527.5K – $703.3K
NOI $42,199 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,235
Businesses Nearby
Explore this area
Business Placement
Demographics for 98335, WA
27,307
Population
11,457
Households
2.4
Avg Household Size
47
Median Age
52%
College-Educated
97%
High-School Grad
22.1 sq mi
ZIP Area
1,236
Density / Sq Mi
$130,304
Median Household Income
$65,089
Median Earnings
$1,971
Median Rent
$736,400
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Pierce County, WA
Properties on Market for Duplexes in Pierce County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two townhome-style units offer private patios, attached garages, and two bedrooms each.
Where is this duplex located?
The property is located at 3801 54th Street Court NW Gig Harbor, WA.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: 2,232‑square‑foot duplex with two separate residences; Each unit includes 2 bedrooms and 1.5 baths; Attached garage provided for each unit
