Updated Duplex with
For Sale
$525,000
360 Tremont St W, Port Orchard, WA 98366
Two separate residences offer private access, in-unit laundry, and dedicated garage parking within mixed-use zoning.
Property Size2,176 SF
Price / SF$241.27
Days on Market48
Property Features for 360 Tremont St W
General Information
Standard status
Active
Size
2,176 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
Business Professional Mixed Use
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
in-unit washer/dryer
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Paramount Real Estate Group
Listed By:
Donna Cryder, Taylor Cryder · License #31068
(360) 876-9600
Source:
Mcardleteam
Added: Aug 8
Changed: Sep 23
Last Checked: Sep 24 at 12:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Paramount Real Estate Group
Investment Insights
Based on property information with market context.
This duplex includes two distinct residences with separate entrances, individual washers and dryers, and one dedicated garage for each unit. The main-level home provides 1,318 square feet with three bedrooms, one bathroom, a family room, refinished hardwood flooring, a wood-burning fireplace, and access to a fenced backyard with patio. The upper residence contains 858 square feet, one bedroom, one bathroom, and a naturally bright living area.
Recent property work includes a new 30-year roof, gutters, exterior paint, and crawlspace improvements with new insulation and a vapor barrier. The property is zoned Business Professional Mixed Use and is located near Highway 16, shopping, dining, and downtown amenities.
Recent property work includes a new 30-year roof, gutters, exterior paint, and crawlspace improvements with new insulation and a vapor barrier. The property is zoned Business Professional Mixed Use and is located near Highway 16, shopping, dining, and downtown amenities.
Key Highlights
- Two‑unit duplex with 2,176 total square feet across both residences
- Main‑level unit measures 1,318 SqFt with 3 bedrooms and 1 bath
- Upper unit offers 858 SqFt with 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,469
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,380
$509.4K
Cap Rate 7%
$363,843
$363.8K
Cap Rate 9%
$282,989
$283.0K
Market Conditions
NOI Build-Up for 2,176 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.0K $18.36/SF
− Vacancy
−$3.6K −$1.64/SF
EGI
$36.4K $16.72/SF
− OpEx
−$10.9K −$5.02/SF
NOI
$25.5K $11.70/SF
Area
Kitsap County, WA
Vacancy
8.93%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,380
Cap Rate 7%
$363,843
Cap Rate 9%
$282,989
Alternative Uses
Best Use
Multifamily LT 5
$363.8K
$318.4K – $424.5K
NOI $25,469 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$334.6K
$292.8K – $390.4K
NOI $23,421 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$725.6K
$634.9K – $846.5K
NOI $50,791 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 98366, WA
36,969
Population
15,391
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
1,580
Density / Sq Mi
$88,807
Median Household Income
$51,884
Median Earnings
$1,704
Median Rent
$449,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer private access, in-unit laundry, and dedicated garage parking within mixed-use zoning.
Where is this duplex located?
The property is located at 360 Tremont St W Port Orchard, WA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,176 total square feet across both residences; Main‑level unit measures 1,318 SqFt with 3 bedrooms and 1 bath; Upper unit offers 858 SqFt with 1 bedroom and 1 bath
