1103 Ohio Ave, Bremerton, WA 98337
- $568,500
- 2,880
- SqFt
Listing courtesy of The Joseph Group. Selling Office: RE/MAX Northwest.
- Sold Price
- $568,500
- List Price
- $600,000
- Status
- SOLD
- MLS#
- 2476851
- Closing Date
- Mar 18, 2026
- Days on Market
- 22
- Style
- 53 - Tri-plex
- Finished SqFt
- 2,880
- Area Total SqFt
- 2880
- Annual Tax Ammount
- 4258.04
- Lot Size (sq ft)
- 6,098
- Sewer
- Sewer Connected
Property Description
Well-located Bremerton triplex offering a rare blend of historic character, stable income, and flexible buyer appeal. Originally built in 1919, this classic early-20th-century home has been operated as a multifamily property for many years and retains the old-world charm and architectural detail that continue to resonate with Kitsap County renters and owner-occupants alike. The property is configured as three units, with the main unit intentionally vacant to allow for easy showings and owner-occupant use. For investors, the vacant unit represents immediate upside, with projected market rent supporting approximately $48,600 in gross scheduled annual rent once stabilized. From an operational standpoint, this has been a low-maintenance, easy-to-manage asset. Tenants pay utilities, management history is well documented, and expenses have remained consistent and predictable. At the current pro forma, the property supports a projected NOI of roughly $36,700, equating to just over a 6% cap rate at list price, with additional upside available through future rent growth and selective improvements. Conveniently located near PSNS, Olympic College, ferry access, and downtown Bremerton amenities, this property works equally well for an owner-occupant seeking architectural character with income offset, or an investor looking for durable cash flow with clear paths to increased NOI.
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Additional Information
- List Date
- 2026-02-24 00:00:00
- Community
- Bremerton
- Net Operating Income
- $3,673,596
- Gross Adjusted Income
- $48,600
- Gross Scheduled Income
- $48,600
- Total Monthly Income
- $4,050
- Insurance Expenses
- $2,423
- Gross Rent Multiplier
- 12
- Total Expenses
- $11,864
- Cap Rate
- 6
- Vacancy Rate
- 3
- Total Number of Units
- 3
- Unit Name
- 1103
- Potential Terms
- Cash, Conventional
- Year Built
- 1919
- Roof
- Composition
- Site Features
- Cable TV
- Electric Expenses
- 1700
- Other Expenses
- 3483
- Energy Source
- Electric
- School District
- Bremerton #100c
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,050
- Gross Scheduled Income
- $48,600
- Vacancy Rate
- 3
- Gross Adjusted Income
- $48,600
- Tax Year
- 2025
- Insurance Expense
- $2,423
- Total Expenses
- $11,864
- Net Operating Income
- $3,673,596
- Gross Rent Multiplier
- 12
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . 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 noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.