Property Details
117 Sheridan Road #A & B
Bremerton, WA 98310
$469,000
Pending
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Property Overview
Add this strong 7.5% cap rate property to your portfolio! Build wealth over time by having your tenants pay your mortgage. This property features two THREE bedroom units. The simple, ground floor layout is versatile to many different renters. Plenty of lawn space and the property is only a short walk to Lion's Park and the waterfront. Conveniently located between the shipyard and Bangor, vacancy is always low! Olympic College and Seattle ferries are also close by! Lots of electrical upgrades recently completed including the panels.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Kitsap
Neighborhood
East Bremerton
Listed
Feb 3, 2026
Original Price
$475,000
Financial Summary
Cap Rate
7.50%
Net Operating Income
$35,888
Gross Scheduled Income
$45,336
Gross Rent Multiplier
10.48
Total Expenses
$8,088
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
1,878
Leasable Area
1,878 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
8,712 sqft
Year Built
1943
Exterior & Lot
Lot Size
0.20 sqft
Year Built
1943
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Wood
Location
City
Bremerton
County
Kitsap
Coordinates
47.58687, -122.64511
Additional Information
Tax Year
2025
Annual Taxes
$3,047
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
