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Sold on 09/30/2025

214 Varner Ave SE #1 & 2, Orting, WA 98360

  • $600,000

    Last sold 09/30/2025 after 159 Days

  • —

    bed

  • —

    bath

  • 2,095

    Sqft ($286/Sqft)

House not for sale
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About 214 Varner Ave SE #1 & 2

Property type House
Neighborhood
Year built 1990
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Property description
Turnkey Investment Opportunity – Tenant-Occupied Duplex in Downtown Orting Investor alert! This well-maintained, tenant-occupied duplex in the heart of downtown Orting offers immediate rental income with long-term tenants already in place. Each townhouse-style unit features 2 bedrooms, 1.5 bathrooms, a living room, dining area, kitchen, laundry hookups, and covered parking. Situated close to parks, restaurants, and walking trails, this property is ideally located for consistent tenant demand. Bonus: The identical duplex next door is also for sale and perfect for an owner-occupant or additional investment potential—buy one or both for a rare portfolio opportunity!
Listed by
Listing Agent - Jim Clifford
Listing Office - Washington Realty Group
Source: NWMLS mls logo
MLS#2360564 • last updated 8 months ago
Movoto checked NWMLS for data 12 minutes ago
Overview
Cooling/AC None
Heating Wall Unit(s)
Levels/Style Duplex
MLS # 2360564
SubType Multi Family
Type Residential Income
SqFt 2095
Status Sold
Lot Size (SqFt) 15000
Lot Size (Acres) 0.3444
Property Tax 4990
Buying Office James & Associates R.E. Inc.
Year Built 1990
Buying Office Phone 206-510-4494
Condition Good
Exterior
Foundation Poured Concrete
Roof Composition
Construction Wood
# Open Parking Spaces 4
# Carport Spaces 2
# Parking Spaces 6
# Uncovered Spaces 4
Amenities / Utilities
Sewer/ Septic Sewer Connected, City Of Orting
Water Public
Water Company City Of Orting
Power Company PSE
Power Production: Type Electric
Location
County Pierce
Subdivision Orting
Area 114 - Orting
Elementary School Buyer To Verify
Middle School Buyer To Verify
High School District Orting
High School Buyer To Verify
APN 3670000773
Multifamily Details
Net Operating Income 38745
Capitalization Rate 5.62
Expense: Insurance 1090
Gross Scheduled Income 51780
Expense: Other 2400
Gross Adjusted Income 49708
Total Expenses 10964
Gross Rent Multiplier 13.3
Nwm_Totalmonthlyincome 4315
Vacancy Rate 4
$608K
Range: $547K-$669K
Last 30 days 
Rental est.: $3,495/month
Gross rent multiplier: 15.7
Powered By Movoto
  • Sep 2025
    mls logo MLS # 2360564
  • Sep 30, 2025 Sold
    $600,000 (-8.8%)
  • Aug 12, 2025 Pending
    —
  • Jun 5, 2025 Price Change
    $658,000 (-4.5%)
  • Apr 24, 2025 Listed
    $689,000
  • 214 Varner Ave SE #1 & 2
    $600K
  • Orting
    $540K -7% y/y
  • 98360
    $519K -7% y/y
  • Orting
    $519K -8% y/y
No chart available
Statistics calculated by Movoto

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4/10
Orting Elementary School
public Grades PK, K-3
Orting School District
3/10
Ptarmigan Ridge Elementary School
public Grades K-5
Orting School District
4/10
Orting Middle School
public Grades 6-8
Orting School District
5/10
Orting High School
public Grades 9-12
Orting School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • 214 Varner Ave SE #1 & 2
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