6194 6200 NE Pine Street, Suquamish, WA 98392
- $875,000
- 4,500
- SqFt
Listing courtesy of Keller Williams West Sound.
- List Price
- $875,000
- Status
- ACTIVE
- MLS#
- 2562415
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 4,500
- Area Total SqFt
- 4500
- Annual Tax Ammount
- 5846
- Lot Size (sq ft)
- 15,682
- Sewer
- Septic Tank
Property Description
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.
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Additional Information
- List Date
- 2026-07-30 21:47:13
- Community
- Suquamish
- Net Operating Income
- $56,598
- Gross Adjusted Income
- $70,560
- Gross Scheduled Income
- $72,000
- Total Monthly Income
- $6,000
- Insurance Expenses
- $2,231
- Water/Sewer/Garbage Expenses
- $2,480
- Gross Rent Multiplier
- 12.2
- Total Expenses
- $15,357
- Cap Rate
- 6.4
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 6194 6200
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1985
- View
- Territorial
- Roof
- Composition
- Site Features
- Patio
- Other Expenses
- 4800
- Energy Source
- Electric
- School District
- North Kitsap #400
- Elementary School
- Suquamish Elem
- Middle School
- Kingston Middle
- High School
- Kingston High School
- Total Monthly Income
- $6,000
- Gross Scheduled Income
- $72,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $70,560
- Tax Year
- 2025
- Insurance Expense
- $2,231
- W/S/G Expenses
- $2,480
- Total Expenses
- $15,357
- Net Operating Income
- $56,598
- Gross Rent Multiplier
- 12.2
- Cap Rate
- 6.4
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.