Property Details
7655 E Karen Lane
Port Orchard, WA 98366
$520,000
Pending
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Property Overview
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.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Kitsap
Neighborhood
Manchester
Listed
Jul 15, 2026
Structure Type
Duplex
Parcel Number
21240210792005
Tax & HOA
Annual Property Tax
$3,693 (2025)
Est. Monthly Tax
$308/mo
Financial Summary
Cap Rate
8.00%
Net Operating Income
$41,875
Gross Scheduled Income
$46,368
Gross Rent Multiplier
10.83
Total Expenses
$4,493
Building & Use
Building Sq Ft
1,680
Leasable Area
1,680 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
20,909 sqft
Year Built
1983
Exterior & Lot
Lot Size
0.48 sqft
Year Built
1983
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Exterior Features
Wood
Community & Access
Directions
WA-16 and take the Sedgwick Road (SR-160) exit toward Port Orchard, follow Sedgwick Road east for several miles, turn onto the local neighborhood roads leading to E Karen Ln.
Location
City
Port Orchard
County
Kitsap
Coordinates
47.56126, -122.55032
Additional Information
Tax Year
2025
Annual Taxes
$3,693
Possession
Array
Based on information submitted to the MLS GRID as of August 9, 2026 1:45 AM. 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.
