Two-Duplex Multifamily
4617 Beach, Port Orchard, WA 98366
For Sale
$1,150,000
Four two-bedroom residences offer two-level layouts with decks, laundry areas, storage, and views toward Sinclair Inlet.
Property Size4,664 SF
Price / SF$246.57
Days on Market151
Property Features for 4617 Beach
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
Better Properties Kitsap
Listed By:
Gloria Mellon
(360) 286-1129
Source:
Century21northhomes
Added: Jun 10
Changed: Nov 6
Last Checked: Nov 6 at 10:47AM
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 Better Properties Kitsap
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Investment Insights
Based on property information with market context.
This multifamily property includes two duplexes with four total residences. Each unit features two bedrooms, one full bathroom, and an additional half bathroom for guests. The layout places the living room, dining area, kitchen, and half bath on the main floor, with two bedrooms, a full bathroom, laundry, and storage on the lower level. Each unit also includes a deck oriented toward Sinclair Inlet, and the property has garage space.
Built in 1980, the property is located at 4617 Beach in Port Orchard, Washington. Deck views extend toward Sinclair Inlet, where Washington State Ferries travel several times a day. The four units provide a consistent configuration across the duplexes, with residential features including private outdoor space, laundry areas, storage, and garage access.
Built in 1980, the property is located at 4617 Beach in Port Orchard, Washington. Deck views extend toward Sinclair Inlet, where Washington State Ferries travel several times a day. The four units provide a consistent configuration across the duplexes, with residential features including private outdoor space, laundry areas, storage, and garage access.
Key Highlights
- Two duplexes with four total units
- Each unit includes 2 bedrooms, 1 full bath, and 1 half bath
- Each residence has a two‑level layout with laundry and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,589
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,780
$1.1M
Cap Rate 7%
$779,843
$779.8K
Cap Rate 9%
$606,544
$606.5K
Market Conditions
NOI Build-Up for 4,664 SF
Gross rent
$85.6K $18.36/SF
− Vacancy
−$7.6K −$1.64/SF
EGI
$78.0K $16.72/SF
− OpEx
−$23.4K −$5.02/SF
NOI
$54.6K $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%
$1,091,780
Cap Rate 7%
$779,843
Cap Rate 9%
$606,544
Alternative Uses
Best Use
Multifamily LT 5
$779.8K
$682.4K – $909.8K
NOI $54,589 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$717.1K
$627.5K – $836.7K
NOI $50,200 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.81M
NOI $108,865 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Trade Area within ½ mile
14
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Demographics for 98366, WA
36,969
Population
15,391
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
1,580
Density / Sq Mi
$88,807
Median Household Income
$51,884
Median Earnings
$1,704
Median Rent
$449,700
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 - Four two-bedroom residences offer two-level layouts with decks, laundry areas, storage, and views toward Sinclair Inlet.
Where is this duplex located?
The property is located at 4617 Beach Port Orchard, WA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two duplexes with four total units; Each unit includes 2 bedrooms, 1 full bath, and 1 half bath; Each residence has a two‑level layout with laundry and storage
