Property Details

1223 11th Street
Bremerton, WA 98337
$525,000
MLS# 2526301 courtesy of NWMLS Listing firm: John L. Scott, Inc.

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1223 11th Street , Bremerton, WA 98337, Bremerton

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1223 11th Street , Bremerton, WA 98337, Bremerton

1 / 27
Multi-Family
Property Type
1,760
Bldg Sq Ft
2
Units
6.10%
Cap Rate
1927
Year Built

Property Overview

Fully remodeled duplex in an excellent central location. Located 2 blocks from Olympic College and less than 1 mi from the Seattle Ferry. Studs-out remodel in 2018, this home features luxury vinyl plank (LVP) flooring throughout. The kitchens offer stainless steel appliances, and rich cherry wood cabinets. A washer and dryer are included for added convenience. Off street parking behind home. A turn-key investment with modern upgrades and reliable income.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Kitsap
Neighborhood West Bremerton
Listed May 20, 2026

Financial Summary

Cap Rate 6.10%
Net Operating Income $31,771
Gross Scheduled Income $41,400
Gross Rent Multiplier 12.70
Total Expenses $8,700
Vacancy Rate 8.0%

Building & Use

Building Sq Ft 1,760
Leasable Area 1,760 sqft
Total Units 2
Lot Size 3,920 sqft
Year Built 1927

Exterior & Lot

Lot Size 0.09 sqft
Year Built 1927
Exterior Materials Wood
Sewer Sewer Connected
Exterior Features Wood

Location

City Bremerton
County Kitsap
Coordinates 47.57076, -122.63695

Additional Information

Tax Year 2025
Annual Taxes $2,384
Possession Array
Listed By
Peter Branchflower
John L. Scott, Inc.

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