1275 Northlake Way NW, Bremerton, WA 98312
- $410,000
- 1,162
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $410,000
- Status
- ACTIVE
- MLS#
- 2491005
- Price Change
- ▼ $15,000 1779408322
- Days on Market
- 96
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,162
- Area Total SqFt
- 1162
- Annual Tax Ammount
- 1541
- Internet Provider
- Comcast
- Lot Size (sq ft)
- 10,454
- Sewer
- Sewer Connected
Property Description
These 1940 cabins offer a unique blend of classic charm and modern convenience in a prime Kitsap Lake location. These 2 homes on a single parcel are nestled in a serene neighborhood. The homes are partially updated making an excellent opportunity for investors or those seeking a cozy home with rental potential. This parcel is zoned R-10 and double listed in the MLS under single family and multifamily listings. Each home is a 1-bedroom, 3/4 bath unit with its own laundry and everything else you may need. This is a prime location, with quality tenants, and strong upside and the type of investment you’ve been waiting for. Units are currently on month-to-month leases, with long term tenants making this a turnkey opportunity. Monthly rent for these units is $1,050/month and $1,100/month and current rates are below market value.
Additional Information
- List Date
- 2026-04-23 19:13:12
- Community
- Kitsap Lake
- Net Operating Income
- $20,672
- Gross Adjusted Income
- $20,672
- Gross Scheduled Income
- $25,800
- Insurance Expenses
- $2,098
- Water/Sewer/Garbage Expenses
- $1,297
- Gross Rent Multiplier
- 16.47
- Total Expenses
- $5,128
- Cap Rate
- 4.86
- Total Number of Units
- 2
- Unit Name
- 1275
- Potential Terms
- Cash, Conventional
- Year Built
- 1940
- Roof
- Composition
- Site Features
- Deck, High Speed Internet
- Other Expenses
- 192
- Energy Source
- Natural Gas
- School District
- Bremerton #100c
- Elementary School
- Kitsap Lake Elem
- Middle School
- Mtn View Mid
- High School
- Bremerton High
- Gross Scheduled Income
- $25,800
- Gross Adjusted Income
- $20,672
- Tax Year
- 2026
- Insurance Expense
- $2,098
- W/S/G Expenses
- $1,297
- Total Expenses
- $5,128
- Net Operating Income
- $20,672
- Gross Rent Multiplier
- 16.47
- Cap Rate
- 4.86
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.