Sold
Last Sold Price
2,206 sqft$234/sqft
1300 SE Cedar Rd, Port Orchard, WA 98367
Multi FamilyProperty Type
1.02 acresLot Size
1993Year Built
$234/sq ftPrice per sq ft
6 carsParking Spaces

Description

Incredible investment opportunity! This recently updated duplex in Port Orchard sits on over an acre, is fully occupied, and brings in amazing rents-with a CAP rate of 6.9%! Boasting identical floor plans with 1103 sqft, 3 bedrooms, 2 full bathrooms, and their own private garage/work space. Unit #1(1300) has new flooring throughout, new appliances, new paint, and new fixtures. Unit #2(1302) was updated only 2 years ago. The entire duplex has fresh exterior paint, and a newer roof in excellent condition....Incredible investment opportunity! This recently updated duplex in Port Orchard sits on over an acre, is fully occupied, and brings in amazing rents-with a CAP rate of 6.9%! Boasting identical floor plans with 1103 sqft, 3 bedrooms, 2 full bathrooms, and their own private garage/work space. Unit #1(1300) has new flooring throughout, new appliances, new paint, and new fixtures. Unit #2(1302) was updated only 2 years ago. The entire duplex has fresh exterior paint, and a newer roof in excellent condition. Conveniently located only minutes away from shopping/dining, ~10 mins to Seattle Fast Ferry, and just a short shot to Gig Harbor and everything it has to offer. Updated units + good rental income + convenient location = Great Investment!
  • Listed by: Brandon E Adams 253.514.8492 brandonea@msn.com • Better Properties Gig Harbor
Listing closed: 03/23/2021 12:00 AM • Source: NWMLS as distributed by MLS GRID, MLS#: 1726066

Recent comparable sales

Median sold price

$367,536

Avg days on market

25

Sale-to-list ratio

121.7%

Port Orchard, WA

9 comparable properties found

$512,000 | 1871 Southeast Vale Road, Port Orchard, WA 98366
1/26
1

$512,000

Sold 09/23/24

Unavailable
Bedrooms
Unavailable
Bathrooms
1,560
Square Feet
0.44
Acres
$500,000 | 2377 Southeast Sedgwick Road, Port Orchard, WA 98366
1/6
2

$500,000

Sold 03/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.72
Acres
a front view of a house with a yard and garage
1/41
3

$725,000

Sold 06/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,820
Square Feet
0.54
Acres
a view of a house with a yard
1/30
4

$550,000

Sold 07/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,680
Square Feet
0.63
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5

$367,536

Sold 07/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,100
Square Feet
0.88
Acres
a bird view of a building
1/5
6

$5,500

Sold 09/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.08
Acres
view of a bathroom with a window
1/5
7

$10,000

Sold 09/04/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.15
Acres
$300,000 | 7173 Sidney Road Southwest, Port Orchard, WA 98367
1/2
8

$300,000

Sold 09/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
9.85
Acres
$260,000 | 739 Dogwood Road Southeast, Port Orchard, WA 98367
1/23
9

$260,000

Sold 01/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.24
Acres

Location

Listing Courtesy of Better Properties Gig Harbor

Sold By John L. Scott, Inc.

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Property Information for 1300 Southeast Cedar Road

Property Details
  • Taxes: $3,571 / year
  • MLS Type: Residential Income
  • Community Name: Port Orchard
  • School District: South Kitsap
  • Number of Assigned Spaces: 6
  • Total Covered Parking: 2
  • Offers Review Date: 02-10-2021
  • Entry Date: 02-09-2021
  • Energy Source: Electric
  • Sewer: Septic Tank
Building Information
  • Stories: 1
  • Residences: 2
  • Year Built: 1993
  • Lot Size: 1.02 AC / 44,431 SF
Summary
Location and General Information
  • Style: 52 - Duplex
  • Site Features: Cable TV, High Speed Internet, Patio
  • Area: 142 - S Kitsap E of Hwy 16
  • Elementary School: Hidden Creek Elem
  • Middle Or Junior School: Marcus Whitman Jnr H
  • High School: So. Kitsap High
  • Directions: From Bethel Rd SE, turn East on SE Cedar Rd. Go to end of SE Cedar Rd and turn left. Duplex will be first home on the right.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Vinyl Plank, Carpet
  • Features: Wall to Wall Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Individual Well, Private
  • Water/Sewer/Garbage: 0
  • Power Company: Puget Sound Energy
  • Power Production Type: Electric
  • Utilities: Cable Connected, High Speed Internet, Septic System, Electric, Individual Well
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Slab
  • Zoning Class: Multi-Family,Residential
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 18
Lot Information
  • Lot Details: Paved, Secluded
  • Lot Size Source: Kitsap County
  • Parcel Number Free Text: 48000000130009
  • Building Condition: Good
  • Calculated Square Footage: 2206
  • Structure Type: Duplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2206.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 1
  • Vacancy Rate: 0
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 2
Financing / Income and Expenses
  • Electric Expense: $241
  • Total Expenses: 5112
  • Gross Adjusted Income: 38400
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $38,400
  • Insurance Expense: $628
  • Net Operating Income: $33,288
  • Other Expenses: $672
  • Total Monthly Income: 3200
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2206.0
  • Leasable Area Units: Square Feet

Property History for 1300 Southeast Cedar Road

DateEvent & SourcePriceAppreciation
Mar 23, 2021

Sold

NWMLS #1726066

$516,000
Mar 19, 2021

Sold (Public Record)

Public Record #1455096957

$516,000

+16.1% / yr

Feb 10, 2021

Pending

NWMLS #1726066

DateEvent & SourcePrice
03/23/2021

Sold

NWMLS #1726066

$516,000
03/19/2021

Sold (Public Record)

Public Record #1455096957

$516,000

+16.1% / yr

02/10/2021

Pending

NWMLS #1726066

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1300 Southeast Cedar Road

Taxable ValueLand$99,190Additions$407,580Total$506,770
Tax Record2025$3,984 ($332 / month)
Home Facts
Baths4Total Finished SqFt2,206 SqFtAbove Ground SqFt2,206 SqFtStories1Lot Size46,173 SqFtStyleDuplexYear Built1993Year Renovated1993ZoningR1CountyKITSAPAPN4800-000-013-0009

Schools near 1300 Southeast Cedar Road

This home is within South Kitsap School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Hidden Creek Elementary School
PublicPK to 5

Marcus Whitman Junior High School
Public6 to 8

South Kitsap High School
Public9 to 12

Discovery High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Better Properties Gig Harbor

Based on information submitted to the MLS GRID as of 09/05/2024 05:42 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. Properties displayed may be listed or sold by various participants in the MLS. 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.