1103 Ohio Ave, Bremerton, WA 98337
Local realty services provided by:Better Homes and Gardens Real Estate Realty Partners
Listed by: ian p. joseph
Office: the joseph group
MLS#:2477484
Source:NWMLS
Price summary
- Price:$600,000
- Price per sq. ft.:$208.33
About this home
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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Home facts
- Year built:1919
- Listing ID #:2477484
- Updated:February 12, 2026 at 06:43 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:1
- Half bathrooms:1
- Living area:2,880 sq. ft.
Heating and cooling
- Heating:Forced Air
Structure and exterior
- Roof:Composition
- Year built:1919
- Building area:2,880 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:Buyer To Verify
- Middle school:Buyer To Verify
- Elementary school:Buyer To Verify
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$600,000
- Price per sq. ft.:$208.33
- Tax amount:$4,258 (2025)
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