Updated Duplex with Attached
For Sale
$699,000
6708 46th Avenue Nw A&b, Gig Harbor, WA 98335
Two refreshed units offer low-maintenance finishes, included appliances, and convenient utility rooms.
Property Size1,884 SF
Price / SF$371.02
Days on Market48
Property Features for 6708 46th Avenue Nw A&b
General Information
Standard status
Active
Size
1,884 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Windermere Prof Partners
Listed By:
Dana Soyat
(360) 876-9600
Source:
Montgomeryht
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 5 at 9:45PM
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 Windermere Prof Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,884-square-foot duplex, built in 1976, includes two updated residential units with laminate flooring, renovated kitchens and bathrooms, and appliances included. Each unit has a utility room with a deep sink and access to its own one-car garage. A level lot, mature trees, and ample off-street parking contribute to the property's private setting. A new roof is being installed, and the septic system has updated risers.
The property is located at 6708 46th Avenue NW in Gig Harbor, approximately less than 5 minutes from the freeway and 10 minutes from downtown. Its two-unit layout, separate garage access, and recent interior improvements provide a practical configuration for residential income use or owner occupancy with an additional unit.
The property is located at 6708 46th Avenue NW in Gig Harbor, approximately less than 5 minutes from the freeway and 10 minutes from downtown. Its two-unit layout, separate garage access, and recent interior improvements provide a practical configuration for residential income use or owner occupancy with an additional unit.
Key Highlights
- Two‑unit duplex totaling 1,884 SF
- Built in 1976 with updated kitchens, bathrooms, and laminate flooring
- One‑car garage assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,718
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,360
$494.4K
Cap Rate 7%
$353,114
$353.1K
Cap Rate 9%
$274,644
$274.6K
Market Conditions
NOI Build-Up for 1,884 SF
Gross rent
$38.0K $20.16/SF
− Vacancy
−$2.7K −$1.42/SF
EGI
$35.3K $18.74/SF
− OpEx
−$10.6K −$5.62/SF
NOI
$24.7K $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%
$494,360
Cap Rate 7%
$353,114
Cap Rate 9%
$274,644
Alternative Uses
Best Use
Multifamily LT 5
$353.1K
$309.0K – $412.0K
NOI $24,718 @ 7.0% cap · market cap 3.54%
Second Best
Apartment 5plus
$325.7K
$285.0K – $380.0K
NOI $22,798 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$508.8K
$445.2K – $593.7K
NOI $35,619 @ 7.0% cap · market cap 5.10%
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
129
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 refreshed units offer low-maintenance finishes, included appliances, and convenient utility rooms.
Where is this duplex located?
The property is located at 6708 46th Avenue Nw A&b Gig Harbor, WA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,884 SF; Built in 1976 with updated kitchens, bathrooms, and laminate flooring; One‑car garage assigned to each unit
