Duplex with
2017 Vandalia Avenue, Bremerton, WA 98310
For Sale
$425,000
Each residence has a private garage and driveway parking, with coin-operated laundry on site.
Property Size1,068 SF
Price / SF$397.94
Days on Market68
Property Features for 2017 Vandalia Avenue
General Information
Standard status
Size
Property subtype
Occupancy
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
coin-operated laundry
large yard
0, 0, 0, 0
No
No, None
Yes, Wall Furnace
Coin Op Laundry,Thermal Windows
Laminate, Vinyl, Carpet
Composition
Wood
Partially Fenced
Building Details
Year Built
Tenancy
Listing Agency:
REally Properties Inc
Listed By:
Dennis Balduf · License #17125
(360) 649-5053
Source:
Compass
Added: Sep 1
Changed: Oct 29
Last Checked: Nov 6 at 11:06AM
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 REally Properties Inc
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Investment Insights
Based on property information with market context.
This 1,068-square-foot duplex, built in 1941, contains two residences, each with one bedroom and one bathroom. Both units have updated interiors and a one-car garage, with driveway parking for two or more vehicles. Coin-operated laundry is available and serviced by a third party; the property also has a large, partially fenced yard and partial views.
The duplex is on a quiet dead-end street in Manette, with access to PSNS, the Bremerton ferry, Manette, and downtown Bremerton. Both residences are occupied. Unit B is leased through December 31, 2026, and Unit A through April 30, 2027.
The duplex is on a quiet dead-end street in Manette, with access to PSNS, the Bremerton ferry, Manette, and downtown Bremerton. Both residences are occupied. Unit B is leased through December 31, 2026, and Unit A through April 30, 2027.
Key Highlights
- Two‑unit duplex with one bedroom and one bathroom in each residence
- One‑car garage and driveway parking for 2+ vehicles at each unit
- Both units occupied; Unit B leased through 12/31/26 and Unit A through 04/30/27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,500
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,000
$250.0K
Cap Rate 7%
$178,571
$178.6K
Cap Rate 9%
$138,889
$138.9K
Market Conditions
NOI Build-Up for 1,068 SF
Gross rent
$19.6K $18.36/SF
− Vacancy
−$1.8K −$1.64/SF
EGI
$17.9K $16.72/SF
− OpEx
−$5.4K −$5.02/SF
NOI
$12.5K $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 Rate 5%
$250,000
Cap Rate 7%
$178,571
Cap Rate 9%
$138,889
Alternative Uses
Best Use
Multifamily LT 5
$178.6K
$156.3K – $208.3K
NOI $12,500 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$164.2K
$143.7K – $191.6K
NOI $11,495 @ 7.0% cap · market cap 2.70%
Theoretical Best
Specialty Retail
$356.1K
$311.6K – $415.5K
NOI $24,929 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
Explore this area
Business Placement
Demographics for 98310, WA
21,580
Population
9,635
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$73,292
Median Household Income
$43,305
Median Earnings
$1,559
Median Rent
$421,600
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private garage and driveway parking, with coin-operated laundry on site.
Where is this duplex located?
The property is located at 2017 Vandalia Avenue Bremerton, WA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit duplex with one bedroom and one bathroom in each residence; One‑car garage and driveway parking for 2+ vehicles at each unit; Both units occupied; Unit B leased through 12/31/26 and Unit A through 04/30/27
