New Construction
For Sale
$875,000
5158 Francis, Bremerton, WA 98312
Two-story residences offer open living areas, private yards, garages, and low-maintenance finishes.
Property Size2,998 SF
Price / SF$291.86
Days on Market55
Property Features for 5158 Francis
General Information
Standard status
Active
Size
2,998 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Keller Williams Greater 360
Listed By:
Jamie Garcia
(206) 522-3400
Source:
Skylineproperties
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 8 at 5:16PM
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.
Completed as new construction in 2026, this duplex contains 2 residences totaling 2,998 square feet. Each unit provides 1,499 square feet with 3 bedrooms, 2.5 baths, and a single-car garage. The main level combines living, dining, and kitchen areas with luxury vinyl plank flooring, white cabinetry, quartz countertops, and a walk-in pantry. Bedrooms occupy the second floor alongside laundry access. Each primary suite includes a five-piece bathroom and walk-in closet, while the two guest bedrooms share a five-piece bath and each includes a walk-in closet. Covered patios open to fully fenced backyards, with a divider fence scheduled for installation before closing. Heat pump mini-split systems provide heating and air conditioning, and the property connects to public utilities.
The property is located in Bremerton near Naval Bases, the shipyard, Seattle ferries, and an Amazon distribution center.
The property is located in Bremerton near Naval Bases, the shipyard, Seattle ferries, and an Amazon distribution center.
Key Highlights
- 2026 new construction duplex with 2,998 square feet total
- Each unit offers 1,499sqft, 3 bedrooms, 2.5 baths, and a single car garage
- Open‑concept main floors with luxury vinyl plank flooring and quartz kitchen counters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,800
$701.8K
Cap Rate 7%
$501,286
$501.3K
Cap Rate 9%
$389,889
$389.9K
Market Conditions
NOI Build-Up for 2,998 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.0K $18.36/SF
− Vacancy
−$4.9K −$1.64/SF
EGI
$50.1K $16.72/SF
− OpEx
−$15.0K −$5.02/SF
NOI
$35.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,800
Cap Rate 7%
$501,286
Cap Rate 9%
$389,889
Alternative Uses
Best Use
Multifamily LT 5
$501.3K
$438.6K – $584.8K
NOI $35,090 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$461.0K
$403.4K – $537.8K
NOI $32,268 @ 7.0% cap · market cap 3.69%
Theoretical Best
Specialty Retail
$999.7K
$874.7K – $1.17M
NOI $69,978 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
123
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story residences offer open living areas, private yards, garages, and low-maintenance finishes.
Where is this duplex located?
The property is located at 5158 Francis Bremerton, WA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2026 new construction duplex with 2,998 square feet total; Each unit offers 1,499sqft, 3 bedrooms, 2.5 baths, and a single car garage; Open‑concept main floors with luxury vinyl plank flooring and quartz kitchen counters
