Property Details
6194 6200 NE Pine Street
Suquamish, WA 98392
$875,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 30
Property Overview
Rare North Kitsap Investment Opportunity! Discover one of the most distinctive income-producing properties in the region. This architecturally striking octagonal fourplex features four private corner residences, each spanning three stories and offering a unique, townhouse-style living experience. Every unit includes 2 bedrooms, 2 bathrooms, a spacious kitchen and living area on the main level, and a private balcony perfect for enjoying the peaceful surroundings. The thoughtful layout gives each residence exceptional privacy while creating an attractive living environment for tenants. Currently three units are occupied, and one is vacant so you can view it. The property generates $6,000 per month in rental income ($1,500 per unit), with significant upside. Market rents are estimated at approximately $1,900 per month per unit, presenting a compelling value-add opportunity for investors seeking increased cash flow. Multifamily opportunities of this caliber are exceptionally rare in North Kitsap. Whether you're looking to expand your portfolio, execute a rental repositioning strategy, or secure a one-of-a-kind long-term investment, this property offers a unique combination of architectural character, stable income, and future potential. Don't miss your chance to own one of Suquamish's most distinctive multifamily investment properties.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Kitsap
Neighborhood
Suquamish
Listed
Jul 30, 2026
Structure Type
Quadruplex
Parcel Number
43870160090101
Tax & HOA
Annual Property Tax
$5,846 (2025)
Est. Monthly Tax
$487/mo
Financial Summary
Cap Rate
6.40%
Net Operating Income
$56,598
Gross Scheduled Income
$72,000
Gross Rent Multiplier
12.20
Total Expenses
$15,357
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
4,500
Leasable Area
4,500 sqft
Total Units
4
Zoning
Residential
Possible Use
Residential
Lot Size
15,682 sqft
Year Built
1985
Exterior & Lot
Lot Size
0.36 sqft
Year Built
1985
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Paved
Exterior Features
Wood
Community & Access
Directions
Headed down Division st in Suquamish, turn onto Pine St. Property is located on the right hand side after the 4 mailboxes with the property numbers 6194,6196,6198,6200, GPS apps are accurate
Location
City
Suquamish
County
Kitsap
Coordinates
47.73308, -122.56577
Additional Information
Tax Year
2025
Annual Taxes
$5,846
Possession
Array
Based on information submitted to the MLS GRID as of July 31, 2026 10:00 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.