Sold

Listed by: Coldwell Banker Bain • Christopher Sudore

Bought with: Martin Real Estate Group

$829,900

131 Lippert Drive W, Port Orchard, WA 98366

--beds

--baths

3,440sqft

Multi Family

Built in 1984

-- sqft lot

$889,800 Zestimate^®

$241/sqft

$1,964 Estimated rent

Home value

$889,800

$836,000 - $943,000

$1,964/mo

Zestimate^® history

Owner options

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$1,964/mo

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$1,964/mo

Rent Zestimate^®

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$4,981/mo

Est. payment

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$4,981/mo

Est. payment

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What's special

Stacked washerVinyl flooring throughoutLaminate hardwood

This multi-unit property is a great investment opportunity. With 4 units featuring 2 bedrooms, 1 full bath, stacked washer and dryer, with laminate hardwood and vinyl flooring throughout. Each unit comes with 2 reserved parking spaces for added value. This well-maintained property offers a solid cap rate of 6.192%, making it an excellent addition to your investment portfolio. All units are currently rented, ensuring immediate rental income - Don't miss this opportunity!

Facts & features

Interior

Heating

Wall Unit(s), Electric

Cooling

None

Features

Flooring: Vinyl
Has fireplace: No

Interior area

Total structure area: 3,440
Total interior livable area: 3,440 sqft

Property

Parking

Total spaces: 8
Parking features: Open
Uncovered spaces: 8

Lot

Size: 0.25 Acres
Features: Paved, Sidewalk

Details

Parcel number: 02230121342001
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Siding
Roof: Composition

Condition

Year built: 1984
Major remodel year: 1984

Utilities & green energy

Electric: Company: PSE
Sewer: Sewer Connected, Company: City
Water: Public, Company: City

Community & HOA

Community

Subdivision: Port Orchard

Location

Region: Pt Orchard

Financial & listing details

Price per square foot: $241/sqft
Tax assessed value: $751,660
Annual tax amount: $6,325
Date on market: 11/16/2023
Cumulative days on market: 862 days
Listing terms: Conventional

Price history

Date	Event	Price
11/22/2023	Sold	$829,900-2.4%$241/sqft
Source: NWMLS as distributed by MLS GRID #2176806 Report a problem
11/8/2023	Pending sale	$849,950$247/sqft
Source: NWMLS as distributed by MLS GRID #2176806 Report a problem
11/2/2023	Listed for sale	$849,950+74.5%$247/sqft
Source: NWMLS as distributed by MLS GRID #2176806 Report a problem
8/1/2017	Sold	$487,000+67.8%$142/sqft
Source: NWMLS as distributed by MLS GRID #1102933 Report a problem
2/11/2014	Sold	$290,280-6.4%$84/sqft
Source: NWMLS as distributed by MLS GRID #564434 Report a problem
12/21/2013	Pending sale	$310,000$90/sqft
Source: Coldwell Banker Bain #564434 Report a problem
12/10/2013	Listed for sale	$310,000$90/sqft
Source: Coldwell Banker Bain #564434 Report a problem
11/21/2013	Pending sale	$310,000$90/sqft
Source: Coldwell Banker Bain #564434 Report a problem
11/9/2013	Listed for sale	$310,000+0.3%$90/sqft
Source: Coldwell Banker Bain #564434 Report a problem
11/16/2009	Listing removed	$309,000$90/sqft
Source: Windermere Real Estate/West Sound, Inc #29138471 Report a problem
10/3/2009	Listed for sale	$309,000$90/sqft
Source: Windermere Real Estate/West Sound, Inc #29138471 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$6,556 +3.6%	$751,660
2023	$6,328 +0.1%	$751,660
2022	$6,323 -7.4%	$751,660 +10.1%
2021	$6,825 +17.1%	$683,000 +23.5%
2020	$5,830 +28%	$553,080 +20.5%
2019	$4,555 +3.2%	$458,800 +34.9%
2018	$4,415	$340,180
2017	$4,415 +18.5%	$340,180 +16.5%
2016	$3,727 +7.9%	$291,940 +2.4%
2015	$3,455	$285,050 +1.6%
2014	$3,455 +4.1%	$280,450 +2.6%
2013	$3,319 +3.8%	$273,350 -1.3%
2012	$3,199 +50.3%	$277,040 +40.9%
2011	$2,128	$196,570 -33.5%
2010	--	$295,730 -8.9%
2009	--	$324,770 -0.9%
2008	--	$327,730 -6.8%
2007	--	$351,630 +95.9%
2002	--	$179,470