Duplex with Expanded Rec
New
For Sale
$520,000
1725 1727 Bloomington Ave, Bremerton, WA 98312
Two-unit residential property with updated heating, insulation, flooring, and roofing improvements.
Property Size2,108 SF
Price / SF$246.68
Days on Market2
Property Features for 1725 1727 Bloomington Ave
General Information
Standard status
Active
Size
2,108 SF
Property subtype
Multi-Family
Building Details
Year Built
1952
Tenancy
Multi
Listing Agency:
Redfin
Listed By:
Sheryl Wingate · License #111727
(253) 201-3130
Source:
Hanshagmeier
Added: Sep 12
Changed: Sep 13
Last Checked: Sep 12 at 2:50PM
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 Redfin
Investment Insights
Based on property information with market context.
This 2,108-square-foot duplex, built in 1952, includes two separate residential units and an expanded recreation room in Unit 1725. Recent work includes a new roof, replacement sheathing, thermal sealing in the addition, blown-in insulation, new heaters in both units, and LVP flooring. The configuration supports separate living arrangements with the added flexibility of extra space in one residence.
Located at 1725 and 1727 Bloomington Ave in Bremerton, the property is near PSNS, shopping, dining, and everyday amenities. Access to Seattle ferry and fast ferry terminals adds a commuter-oriented transportation option. The two-unit layout and recent improvements provide a practical setup for owner occupancy, multi-generational living, or rental use.
Located at 1725 and 1727 Bloomington Ave in Bremerton, the property is near PSNS, shopping, dining, and everyday amenities. Access to Seattle ferry and fast ferry terminals adds a commuter-oriented transportation option. The two-unit layout and recent improvements provide a practical setup for owner occupancy, multi-generational living, or rental use.
Key Highlights
- 2,108‑square‑foot duplex on Bloomington Ave in Bremerton
- Built in 1952 with two separate residential units
- New roof, replacement sheathing, and thermal sealing in the addition
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
$24,673
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
4.74%
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%
$493,460
$493.5K
Cap Rate 7%
$352,471
$352.5K
Cap Rate 9%
$274,144
$274.1K
Market Conditions
NOI Build-Up for 2,108 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
$38.7K $18.36/SF
− Vacancy
−$3.5K −$1.64/SF
EGI
$35.2K $16.72/SF
− OpEx
−$10.6K −$5.02/SF
NOI
$24.7K $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%
$493,460
Cap Rate 7%
$352,471
Cap Rate 9%
$274,144
Alternative Uses
Best Use
Multifamily LT 5
$352.5K
$308.4K – $411.2K
NOI $24,673 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$324.1K
$283.6K – $378.2K
NOI $22,689 @ 7.0% cap · market cap 4.36%
Theoretical Best
Specialty Retail
$702.9K
$615.1K – $820.1K
NOI $49,204 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 98312, WA
33,405
Population
14,450
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
96%
High-School Grad
65.7 sq mi
ZIP Area
508
Density / Sq Mi
$85,332
Median Household Income
$50,416
Median Earnings
$1,601
Median Rent
$430,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with updated heating, insulation, flooring, and roofing improvements.
Where is this duplex located?
The property is located at 1725 1727 Bloomington Ave Bremerton, WA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: 2,108‑square‑foot duplex on Bloomington Ave in Bremerton; Built in 1952 with two separate residential units; New roof, replacement sheathing, and thermal sealing in the addition
