Duplex with Approved
For Sale
$492,000
1925 5th Street, Bremerton, WA 98337
New construction offers two separately configured living areas with lock-off capability and flexible occupancy options.
Property Size1,250 SF
Price / SF$393.60
Days on Market50
Property Features for 1925 5th Street
General Information
Standard status
Active
Size
1,250 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x studio/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
covered front deck
mini splits
Ductless
Tankless Water Heater
Composition
Building Details
Year Built
2026
Construction
rambler
Listing Agency:
Keller Williams Greater 360
Listed By:
Josh Phillips · License #27982
(360) 440-7399
Source:
Kw
Added: Aug 17
Changed: Sep 11
Last Checked: Oct 5 at 3:36PM
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 Keller Williams Greater 360
Investment Insights
Based on property information with market context.
This 1,250-square-foot duplex, built in 2026, is configured with a one-bedroom, one-bath residence and a separate studio with a full bath. An approved ADU and interior fire door support independent use while allowing the spaces to function together as one home. Separately metered power, ductless mini splits, natural gas, and a tankless water heater provide distinct utility and mechanical features. The property also includes a covered front deck and paved alley parking.
Located at 1925 5th Street in Bremerton, the home offers walkable access to the Naval gate at Puget Sound Naval Shipyard. Composition exterior materials complete the new construction package.
Located at 1925 5th Street in Bremerton, the home offers walkable access to the Naval gate at Puget Sound Naval Shipyard. Composition exterior materials complete the new construction package.
Key Highlights
- 1,250 sq. ft. duplex built in 2026
- Approved ADU with one‑bedroom and studio configurations
- One‑bedroom, one‑bath unit plus studio with full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,630
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,600
$292.6K
Cap Rate 7%
$209,000
$209.0K
Cap Rate 9%
$162,556
$162.6K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$23.0K $18.36/SF
− Vacancy
−$2.0K −$1.64/SF
EGI
$20.9K $16.72/SF
− OpEx
−$6.3K −$5.02/SF
NOI
$14.6K $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%
$292,600
Cap Rate 7%
$209,000
Cap Rate 9%
$162,556
Alternative Uses
Best Use
Multifamily LT 5
$209.0K
$182.9K – $243.8K
NOI $14,630 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$192.2K
$168.2K – $224.2K
NOI $13,454 @ 7.0% cap · market cap 2.73%
Theoretical Best
Specialty Retail
$416.8K
$364.7K – $486.3K
NOI $29,177 @ 7.0% cap · market cap 5.93%
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
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
Explore this area
Business Placement
Demographics for 98337, WA
9,653
Population
3,696
Households
2.6
Avg Household Size
29
Median Age
31%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
6,435
Density / Sq Mi
$73,363
Median Household Income
$36,571
Median Earnings
$1,395
Median Rent
$386,700
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 - New construction offers two separately configured living areas with lock-off capability and flexible occupancy options.
Where is this duplex located?
The property is located at 1925 5th Street Bremerton, WA.
What is the asking price?
The asking price for this property is $492,000.
What are key features of this property?
This property features: 1,250 sq. ft. duplex built in 2026; Approved ADU with one‑bedroom and studio configurations; One‑bedroom, one‑bath unit plus studio with full bath
