Listing
$520,000
7655 E••••• Karen Ln (Sign up for 50 free credits to unlock)Port Orchard, WA 98366
Property Description
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 Facts & Features
- Property Type
- Multi Family
- Status
- Closed
- Listed
- Jul 15, 2026
- Sold
- Aug 30, 2026
- Price per Sq Ft
- $310/sqft
- ZIP Code
- 98366
- Heating
- Baseboard
- Construction
- Wood, Wood
- Property Tax (2026)
- $3,693/yr
- Assessed Value
- $405,240
- County
- Kitsap
- School District
- South Kitsap School District
Estimated Value
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 4
Land Info
- Additional Parcels Description: 212402-1-079-2005
- Lot Size Acres: 0.48
- Lot Size Square Feet: 20909
Utilities
- Power Production Type: Electric
- Sewer: Septic Tank
- Water Source: Public
Rental Info
- Gross Scheduled Income: 46368
- Leasable Area: 1680
Home Features
- View: Lake
Commercial Info
- Net Operating Income: 41875
- Operating Expense: 4493
Multi-Unit Info
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Unit-1 Square Feet: 840
- Unit-2 Square Feet: 840
- Unit 2 Total Actual Rent: 2000
Interior Features
- Flooring: Laminate, Wall to Wall Carpet
Garage and Parking
- Carport Spaces: 4
- Covered Spaces: 0
- Open Parking: No
- Parking Total: 4
School Information
- High School District: South Kitsap
- School District: South Kitsap
Heating and Cooling
- Heating Features: Baseboard
- Heating Fuel: Electric
- Heating: Yes
- Number of Fireplaces: 0
Other Property Info
- Annual Tax Amount: 3693
- Source Listing Status: Sold
- County: Kitsap
- Cap Rate: 8
- 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.
- Tax Year: 2025
- Possible Use: Multi-Family
- Insurance Expense: 800
- Area: 144 - Retsil/Manchester
- List Development Name: Manchester
- Source Neighborhood: Manchester
- Parcel Number: 21240210792005
- Subdivision: Manchester
- Zoning Description: Multi-Family
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Year Built: 1983
- Building Area Total: 1680
- Building Area Units: Square Feet
- Construction Materials: Wood, Wood
- Foundation Details: Concrete Block
- Property Age: 43
- Property Condition: Fair
- Roof: Composition
- Building Total Stories: 1
- Structure Type: Duplex
- House Style: Duplex
- Elevation Units: Feet
- Year Built Effective: 1983
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Aug 30, 2026 | Sold | $520,000 | $310 |
| Jul 15, 2026 | Listed | $520,000 | $310 |
| Apr 17, 1994 | Sold | $107,000 | $64 |
| Apr 2, 1985 | Sold | $72,000 | $43 |
Location
Lat 47.56123 · Lng -122.55042