Property Details
4617 Beach Drive E
Port Orchard, WA 98366
$1,170,000
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Property Overview
Looking for a great investment with positive cash flow? Here's your chance to own not just 1 duplex but 2 duplexes in this beautiful area of Beach Drive in Port Orchard! Each unit has 2BR & a full bath plus a very unexpected half bath for guests. The layout is great! Living, Dining, Kitchen, & half bath on the main floor and 2 BR, full Bath and Laundry below plus storage. Each has its own deck looking out to Sinclair Inlet where the WA State Ferries travel several times a day along with a multitude of marine life to see in their natural habitat. Having the bonus of a garage is also very attractive to tenants. There is no better price per unit in much of Kitsap than these 2 duplexes. Rental demand is high and inventory is low. These units have never stayed empty very long. Rent payments are below the current market rates. An investor could create a bigger cap rate and would truly benefit from these duplexes in their portfolios. Don't miss the amazing view!! Please NO drive-bys.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Kitsap
Neighborhood
Waterman
Listed
Jul 24, 2026
Structure Type
Duplex
Parcel Number
17240211262004
Tax & HOA
Annual Property Tax
$8,525 (2026)
Est. Monthly Tax
$710/mo
Financial Summary
Cap Rate
4.90%
Net Operating Income
$57,175
Gross Scheduled Income
$72,000
Gross Rent Multiplier
16.25
Total Expenses
$11,225
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,664
Leasable Area
4,664 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
32,670 sqft
Year Built
1980
Exterior & Lot
Lot Size
0.75 sqft
Year Built
1980
Garage
4 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Dead End Street
Exterior Features
Wood
Community & Access
Directions
From B'town take Hwy 166, at roundabout follow Beach Dr to address on right. From Tacoma, HWY 16 to Sedgwick, go N (R) to Jackson turn L. Follow down Olney then R on Beach Dr to address on right.
Location
City
Port Orchard
County
Kitsap
Coordinates
47.57538, -122.57490
Additional Information
Tax Year
2026
Annual Taxes
$8,525
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 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.
