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3801 54th Street Court NW, Gig Harbor, WA, 98335

4beds
4baths
2,232sqft
$719,000
$322price/sqft
$4,471/moest. monthly cost
$178,840/yrincome needed

About This Home

Premier Gig Harbor duplex investment! This turnkey multi-family property sits on a corner lot just minutes from Highway 16, shopping, and dining. Each unit features 2 bedrooms, 1.5 baths, an attached garage, and a private fenced backyard with a patio. Ideal for house hacking, live in one unit while renting the other. Or as a high-yield rental with stable cash flow. This well-maintained property offers low-maintenance landscaping, a solid rental history, and consistent tenant demand in a prime Pacific Northwest location. Combining strong rental appeal with long-term growth potential, this reliable asset is conveniently located near local amenities. Perfect for investors seeking a smart, turnkey opportunity in a highly desirable market.

Getting Around

46
WalkingCar-Dependent
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

7/10
7/10
Goodman Middle SchoolGrades 6-81.0 mi
9/10
Gig Harbor High SchoolGrades 9-121.8 mi

Construction

Condition

  • Property condition: Very Good
  • Year built: 1972

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 1972

Type & Style

  • Home type: MultiFamily
  • Architectural style: Duplex
  • Property subType: Duplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4

Features

  • Flooring: Vinyl,Carpet

Heating & Cooling

  • Heating features: Forced Air,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 2,232
  • Total interior livable area: 2,232 sqft

Property

Details

  • Parcel number: 5843000010
  • Zoning description: Residential,Jurisdiction: County
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 0.34 Acres
  • Features: Corner Lot,Paved,Fenced-Partially,Patio
  • Lot size dimensions: 14,600

Parking

  • Total spaces: 10
  • Parking features: Garage
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Uncovered spaces: 8

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Coastal Flooding
Heat Wave
Inland Flooding

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,635$43,620
Home Insurance *$175$2,100
Property Taxes $509$6,108
Electricity $152$1,832
Total$4,471$53,652
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$153,291/yr
40% on housing$134,130/yr
45% on housing$119,226/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$322This listing

vs Other Active Listings

Avg $/sqft

ZIP 98335$392
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98335$357
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-21Listed for sale$749,000
2022-07-22Sold$699,000
2022-06-20Pending sale$699,000
2022-06-17Listed for sale$699,000
2022-02-27Listing removed--
2022-02-17Listed for rent$1,800

For Sale by Agent

AgentEverett Talvo
BrokerageKW Greater Seattle

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