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About the Listing 5159 - 81596
Well-located Bremerton triplex offering a rare blend of historic character, stable income, and flexible buyer appeal. Originally built in 1919, this classic early-20th-century home has been operated as a multifamily property for many years and retains the old-world charm and architectural detail that continue to resonate with Kitsap County renters and owner-occupants alike. The property is configured as three units, with the main unit intentionally vacant to allow for easy showings and owner-occupant use. For investors, the vacant unit represents immediate upside, with projected market rent supporting approximately $48,600 in gross scheduled annual rent once stabilized. From an operational standpoint, this has been a low-maintenance, easy-to-manage asset. Tenants pay utilities, management history is well documented, and expenses have remained consistent and predictable. At the current pro forma, the property supports a projected NOI of roughly $36,700, equating to just over a 6% cap rate at list price, with additional upside available through future rent growth and selective improvements. Conveniently located near PSNS, Olympic College, ferry access, and downtown Bremerton amenities, this property works equally well for an owner-occupant seeking architectural character with income offset, or an investor looking for durable cash flow with clear paths to increased NOI.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
2476851
Year Built
1919
Total Square Footage
2,150
Lot/Acreage
0.14
Interior Details
- Bedrooms: 3
- Bathrooms: 3.25 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Ceramic Tile,Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Sidewalk,Cable TV
- Garage Capacity: 1 car
- Roof: Composition
- Others: Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $4,258
- Taxes w/Assessments: N/A
- Tax/Property ID: 37970140080004
- Tax Year: 2025
Payment Calculator
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Questions About..
1103 Ohio Ave Bremerton, WA 98337
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