Property Details
119 Elm St Unit #A and #B
Bremerton, WA 98310
$475,000
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Property Overview
Exceptional investment opportunity in East Bremerton. This duplex, situated near Lion’s Park, offers versatility, income potential, and added peace of mind with significant recent improvements, including new siding installed just months ago and a roof replaced within the past few years. Each unit features a well-designed layout with 2 bedrooms and 1 bathroom, providing comfortable living spaces suitable for both owner-occupants and tenants. In addition, each unit enjoys its own private driveway, along with a fully fenced yard and gated access, offering privacy, convenience, and secure outdoor space. Delivered vacant, the property presents a rare opportunity to occupy one unit while generating rental income from the other, or to lease both units for immediate dual-income potential. Located just moments from Lion’s Park, you can enjoy convenient access to open green space, playground amenities, walking paths, and picnic areas, enhancing both lifestyle appeal and rental desirability. Whether you’re looking to build wealth, generate passive income, or secure a smart owner-occupied investment, this East Bremerton duplex checks all the boxes. Quick drive to PSNS and military base.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Kitsap
Neighborhood
Bremerton
Listed
Feb 27, 2026
Financial Summary
Cap Rate
6.80%
Net Operating Income
$32,187
Gross Scheduled Income
$42,000
Gross Rent Multiplier
11.00
Total Expenses
$9,813
Vacancy Rate
7.0%
Building & Use
Building Sq Ft
1,440
Leasable Area
1,440 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
10,019 sqft
Year Built
1943
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1943
Exterior Materials
Cement Plank
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Cement Planked
Location
City
Bremerton
County
Kitsap
Coordinates
47.58627, -122.64207
Additional Information
Tax Year
2026
Annual Taxes
$2,713
Possession
Array
Based on information submitted to the MLS GRID as of May 5, 2026 10:15 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.
