Property Details
1034 Hanford Avenue
Bremerton, WA 98310
$595,000
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Property Overview
Townhouse-style duplex featuring two large 1,286 SF 3BD/1.5BTH units, each with in-unit W/D and private garage. Unit B fully remodeled with new LVP flooring, remodeled baths, interior paint, updated lighting, and stainless appliances—ideal for owner-user or lease at $2,400 based on area rent comps. Unit A rented at $1,950 (below market) with upside to ~$2,200 (supported by neighboring identical duplex rents). Tenants pay utilities directly. Property includes 2 garages + additional storage, copper plumbing, some updated windows, roof replaced 2014, and mature low-maintenance landscaping. 6.6% current cap rate with upside to 7.6% at market rents.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Kitsap
Neighborhood
East Bremerton
Listed
May 15, 2026
Financial Summary
Cap Rate
6.64%
Net Operating Income
$39,496
Gross Scheduled Income
$51,600
Gross Rent Multiplier
11.50
Total Expenses
$9,524
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,572
Leasable Area
2,572 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,663 sqft
Year Built
1988
Exterior & Lot
Lot Size
0.13 sqft
Year Built
1988
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood, Wood Products
Location
City
Bremerton
County
Kitsap
Coordinates
47.60008, -122.63058
Additional Information
Tax Year
2026
Annual Taxes
$4,808
Possession
Array
Based on information submitted to the MLS GRID as of May 18, 2026 2:15 PM. 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, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
