7655 E Karen Lane, Port Orchard, WA 98366
- $520,000
- 1,680
- SqFt
Listing courtesy of Better Properties Summit.
- List Price
- $520,000
- Status
- ACTIVE
- MLS#
- 2555639
- Days on Market
- 11
- Style
- 52 - Duplex
- Building Condition
- Fair
- Finished SqFt
- 1,680
- Area Total SqFt
- 1680
- Annual Tax Ammount
- 3693
- Lot Size (sq ft)
- 20,909
- Sewer
- Septic Tank
Property Description
Beautiful duplex situated on a spacious half-acre lot with scenic water views. The property features beautifully landscaped front and back yards with mature trees and greenery, creating a peaceful setting. Both units offer open floor plans filled with natural light. Unit A has been fully updated and is vacant, making it move-in ready for an owner-occupant or new tenant. Market rent is $2200. Unit B is occupied by a long-term tenant on a month-to-month lease, currently paying $1,864per month. Recent updates include a new roof, and the deck for Unit A will be replaced prior to closing. This is an excellent opportunity to live in one unit while generating rental income from the other. Priced below market for exceptional value.
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Additional Information
- List Date
- 2026-07-15 20:29:11
- Community
- Manchester
- Net Operating Income
- $41,875
- Gross Adjusted Income
- $41,875
- Gross Scheduled Income
- $46,368
- Total Monthly Income
- $2,000
- Insurance Expenses
- $800
- Gross Rent Multiplier
- 10.83
- Total Expenses
- $4,493
- Cap Rate
- 8
- Total Number of Units
- 2
- Unit Name
- 7655
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1983
- View
- Lake
- Roof
- Composition
- Energy Source
- Electric
- School District
- South Kitsap
- Total Monthly Income
- $2,000
- Gross Scheduled Income
- $46,368
- Gross Adjusted Income
- $41,875
- Tax Year
- 2025
- Insurance Expense
- $800
- Total Expenses
- $4,493
- Net Operating Income
- $41,875
- Gross Rent Multiplier
- 10.83
- Cap Rate
- 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.