Updated Duplex with Rec
1727 Bloomington Ave 1725, Bremerton, WA 98312
For Sale
$520,000
Two separate residences with recent mechanical, insulation, roofing, and flooring improvements in Bremerton.
Property Size2,108 SF
Price / SF$246.68
Days on Market107
Property Features for 1727 Bloomington Ave 1725
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
rec room
Building Details
Year Built
Listing Agency:
Redfin
Listed By:
Sheryl Wingate · License #111727
(253) 201-3130
Source:
Searchhomesinbellingham
Added: Jul 24
Changed: Nov 1
Last Checked: Nov 6 at 9:23AM
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
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Investment Insights
Based on property information with market context.
This duplex contains 2,108 square feet and was built in 1952, with two separate residential units that support owner occupancy, multigenerational use, or rental income. Recent work includes a new roof, mostly replaced sheathing, thermal sealing in the addition, blown-in insulation, new heaters in both units, and LVP flooring. Unit 1725 also includes an expanded recreation room that adds flexible living area.
The property is located near Puget Sound Naval Shipyard, shopping, dining, and everyday services. Access to Seattle ferry and fast ferry terminals adds commuter connectivity. With separate residences and substantial recent improvements, the layout offers flexibility for residential income use or a live-in ownership strategy.
The property is located near Puget Sound Naval Shipyard, shopping, dining, and everyday services. Access to Seattle ferry and fast ferry terminals adds commuter connectivity. With separate residences and substantial recent improvements, the layout offers flexibility for residential income use or a live-in ownership strategy.
Key Highlights
- Duplex totaling 2,108 square feet
- New roof and mostly replaced sheathing
- Thermal sealing in the addition plus new blown‑in insulation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,673
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences with recent mechanical, insulation, roofing, and flooring improvements in Bremerton.
Where is this duplex located?
The property is located at 1727 Bloomington Ave 1725 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: Duplex totaling 2,108 square feet; New roof and mostly replaced sheathing; Thermal sealing in the addition plus new blown‑in insulation
