Bought with: John L. Scott, Inc.
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Key Details
Sold Price $765,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,692 sqft
Price per Sqft $284
Subdivision Milton
MLS Listing ID 2569940
Sold Date 09/09/26
Style 52 - Duplex
Bedrooms 6
Year Built 2005
Annual Tax Amount $7,732
Lot Size 0.375 Acres
Property Sub-Type Multi Family
Property Description
Tucked away on a private road in a residential neighborhood, this townhouse-style duplex offers something you don't always find with an investment property; space, privacy and flexibility. Each spacious unit features 3 bedrooms, 3 bathrooms and plenty of parking, creating options for an investor, owner-occupant or multigenerational living. Side A was updated in 2025, while Side B was updated approximately 7 years ago, providing strong rental income today with additional opportunity to add value over time. A new roof and gutters were installed in 2025, taking care of two important big-ticket items. Both tenants are currently month-to-month, giving the next owner added flexibility. (Photos have been edited to remove tenants personal items). For investors, the numbers are worth a look with a current 7.09% cap rate and potential for future upside. The seller also previously explored adding a DADU and completed some preliminary legwork, giving a future owner a head start should they choose to investigate that possibility further. Located within the Fife School District and close to Triangle Park, the Milton Interurban Trail, shopping, dining and major commuter routes, this property combines a residential setting with convenient access to everything you need.
Location
State WA
County Pierce
Area 71 - Milton
Interior
Flooring Ceramic Tile, Laminate, Slate, Carpet
Fireplace false
Exterior
Exterior Feature Cement Planked, Wood, Wood Products
Garage Spaces 2.0
Amenities Available Patio, RV Parking
View Y/N No
Roof Type Composition
Building
Lot Description Dead End Street
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Buyer To Verify
Middle Schools Surprise Lake Mid
High Schools Fife High
School District Fife
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
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Karissa Miller
Real Estate Broker License ID: 114755
Real Estate Broker License ID: 114755

