Two-Unit Duplex with
325 Bertha Avenue, Bremerton, WA 98312
For Sale
$450,000
Two separate residences provide a consistent two-bedroom, one-bathroom layout, with parking in the garage and driveway.
Property Size1,715 SF
Lot Size0.14 Acres
Price / SF$262.39
Days on Market27
Property Features for 325 Bertha Avenue
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
fireplace
Building Details
Year Built
Buildings
Stories
Listing Agency:
Redfin
(253) 201-3130
Listed By:
Rachel Marez · License #106632
(206) 351-8210
Source:
Armadahomes
Added: Oct 12
Changed: Nov 7
Last Checked: Nov 7 at 6:21AM
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 1,715-square-foot duplex was built in 1984 and occupies a 6,098-square-foot lot. Its two units each contain two bedrooms and one bathroom. The upper residence has a living room with a fireplace, a galley kitchen, and a dining room.
Parking options include a garage, driveway, and street parking. The property is 3 miles from the Navy Shipyard and downtown Bremerton, with ferry service and local shopping also nearby.
Parking options include a garage, driveway, and street parking. The property is 3 miles from the Navy Shipyard and downtown Bremerton, with ferry service and local shopping also nearby.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,715‑square‑foot building on a 6,098‑square‑foot lot
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,073
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,460
$401.5K
Cap Rate 7%
$286,757
$286.8K
Cap Rate 9%
$223,033
$223.0K
Market Conditions
NOI Build-Up for 1,715 SF
Gross rent
$31.5K $18.36/SF
− Vacancy
−$2.8K −$1.64/SF
EGI
$28.7K $16.72/SF
− OpEx
−$8.6K −$5.02/SF
NOI
$20.1K $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%
$401,460
Cap Rate 7%
$286,757
Cap Rate 9%
$223,033
Alternative Uses
Best Use
Multifamily LT 5
$286.8K
$250.9K – $334.6K
NOI $20,073 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$263.7K
$230.7K – $307.7K
NOI $18,459 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$571.9K
$500.4K – $667.2K
NOI $40,031 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a consistent two-bedroom, one-bathroom layout, with parking in the garage and driveway.
Where is this duplex located?
The property is located at 325 Bertha Avenue Bremerton, WA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,715‑square‑foot building on a 6,098‑square‑foot lot; Built in 1984
