Property Details
3801 54th Street Court NW
Gig Harbor, WA 98335
$749,000
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Property Overview
Premier Gig Harbor duplex investment! This turnkey multi-family property sits on a corner lot just minutes from Highway 16, shopping, and dining. Each unit features 2 bedrooms, 1.5 baths, an attached garage, and a private fenced backyard with a patio. Ideal for house hacking, live in one unit while renting the other. Or as a high-yield rental with stable cash flow. This well-maintained property offers low-maintenance landscaping, a solid rental history, and consistent tenant demand in a prime Pacific Northwest location. Combining strong rental appeal with long-term growth potential, this reliable asset is conveniently located near local amenities. Perfect for investors seeking a smart, turnkey opportunity in a highly desirable market.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Gig Harbor
Listed
Apr 21, 2026
Financial Summary
Cap Rate
5.50%
Net Operating Income
$40,994
Gross Scheduled Income
$47,340
Gross Rent Multiplier
15.00
Total Expenses
$6,346
Building & Use
Building Sq Ft
2,232
Leasable Area
2,760 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
14,601 sqft
Year Built
1972
Exterior & Lot
Lot Size
0.34 sqft
Year Built
1972
Garage
2 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Corner Lot, Paved
Exterior Features
Wood
Location
City
Gig Harbor
County
Pierce
Coordinates
47.30783, -122.59013
Additional Information
Tax Year
2025
Annual Taxes
$5,015
Possession
Array
Based on information submitted to the MLS GRID as of April 21, 2026 1:46 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
