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$499,000   Price Analysis
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522 Farragut Ave N
Port Orchard, WA 98366
Unknown bed None bath 2,103 SqFt ($237/SqFt)
0.25 acre lot. Built 1918
Listed 2023-09-13, Taxes $4,173
USDA Eligible
near Port Orchard, WA
 Restrictions may apply
due to home size

Rare opportunity to own a charming duplex with views f the sound

* No Longer For Sale *
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Mountains and PSNS! Conveniently located close to downtown Port Orchard, restaurants, shops and foot ferry. Upper unit has a exceptional sunroom with windows that wrap all the way around.

2bed 2bath plus office and lots of storage space even a pie safe. AND garage Current rent $2150. Lower unit is 1bed 1bath and still has a view. Currently rents for $900/month. Don't miss out on this chance to invest in a property that's sure to generate long-term rental income.


Presented by Jill Hannem at
Hawkins Poe, Inc.
Listing Agent Photo

Property MLS #2160455 from NWMLS

Fir/Softwood
Laminate
Flooring: Fir/Softwood, Laminate, Vinyl

Heating Features: Forced Air
Heating Fuel: Electric, Natural Gas
Heating: Yes

Wood

Covered Spaces: 1
Open Parking Spaces: 2
Open Parking: Yes
Parking Total: 3

Lot Description: Dead End Street, Paved Street
Lot Size Acres: 0.25
Lot Size Dimensions: 102x102
Lot Size Square Feet: 10890

View: Bay, Mountain
Security Features: FullyFenced

Basement

Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: South Kitsap
Middle School: Buyer To Verify

South Kitsap High School is a public high school located approximately 0.6 miles away.
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Marcus Whitman Junior High School is a public middle school located approximately 1.5 miles away.
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East Port Orchard Elementary School is a public elementary school located approximately 1.5 miles away.
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Discovery Montessori is a private elementary school located approximately 1.2 miles away.
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Gross Scheduled Income: 36600
Leasable Area: 2103
Leasable Area Units: Square Feet

Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Unit-1 Description: A
Unit-2 Description: B
Unit-1 Square Feet: 1470
Unit-2 Square Feet: 700
Unit 1 Total Actual Rent: 2150
Unit 2 Total Actual Rent: 900

Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 4173
Source Listing Status: Sold
Country Region: US
County: Kitsap
Cap Rate: 5.2
Directions: On Farragut just north of Chester. GPS friendly
Tax Year: 2023
Source Property Type: Multi-Family
Possible Use: Multi-Family, Residential
Insurance Expense: 1085
List Development Name: Annapolis
Source Neighborhood: Annapolis
Parcel Number: 40270250160000
Street Suffix Modifier: Avenue
Subdivision: Annapolis
Property Subtype: Multi-family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$307,200 + $93,350
$400,550
$4,173
2022$270,810 + $86,290
$357,100
$4,004
2021$236,730 + $78,450
$315,180
$3,766
2020$170,460 + $75,430
$245,890
$3,428
2019$146,280 + $75,430
$221,710
$2,443
2018$132,170 + $75,430
$207,600
$2,622
2017$114,040 + $75,430
$189,470
$2,275
2016$111,010 + $75,430
$186,440
$2,242
2015$107,990 + $75,430
$183,420
$2,171
2014$107,990 + $75,430
$183,420
$2,189
2012$90,220 + $95,370
$185,590
$2,143
2011$93,510 + $98,320
$191,830
$2,076
2010$123,530 + $104,180
$227,710
$2,340
2009$135,060 + $114,960
$250,020
$2,253
2008$140,310 + $119,750
$260,060
$2,273

Listing removed 2024-08-02
$0
NWMLS
Listing removed 2024-08-02
$0
NWMLS
Price Changed 2024-07-18
$725,000
NWMLS
Price Changed 2024-07-18
$725,000
NWMLS
Listed 2024-07-03
$775,000
NWMLS
Listed 2024-06-27
$775,000
NWMLS
Sold 2024-02-02
$400,000
NWMLS
Price Changed 2023-11-09
$499,000
NWMLS
Listed 2023-09-13
$525,000
NWMLS
Sold 1984-09-07
$59,500
Public Record

Net Operating Income: 27502

Total Square Feet Living: 2103
Building Area Total: 2103
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Living Area Units: Square Feet
Property Age: 106
Property Condition: Fixer
Roof: Composition
Building Total Stories: 2
Structure Type: Duplex
Elevation Units: Feet
Year Built Effective: 1918

Power Production Type: Electric, NaturalGas
Sewer: Sewer Connected
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.