Four-Bedroom Duplex with Fenced
For Sale
$624,000
5726 5728 Tracyton Boulevard NW, Bremerton, WA 98311
Each residence includes private outdoor space, laundry hookups, and a covered carport space.
Property Size3,040 SF
Price / SF$205.26
Days on Market33
Property Features for 5726 5728 Tracyton Boulevard NW
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/2BA
Multifamily Units
2
Parking per Unit
1
Amenities
in-unit laundry hookups
private fenced backyards
Building Details
Year Built
1942
Buildings
1
Listing Agency:
Windermere RE Bainbridge
(206) 842-5626
Listed By:
Daniel Moskin
Source:
Mcardleteam
Added: Jul 29
Changed: Aug 28
Last Checked: Aug 29 at 11:35AM
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 Windermere RE Bainbridge
Investment Insights
Based on property information with market context.
This 3,040-square-foot duplex contains two 1,520-square-foot residences, each arranged with four bedrooms, two full bathrooms, living and dining areas, laundry hookups, a covered carport space, and a private fenced backyard. The property was built in 1942, and one unit is occupied by a long-term tenant while the other is available for showings.
Located at 5726 5728 Tracyton Boulevard NW in Bremerton’s Tracyton neighborhood, the duplex offers access to Central Kitsap schools, military bases, shopping, and outdoor recreation. The two-unit layout provides distinct living spaces and separate outdoor areas within a single residential income property.
Located at 5726 5728 Tracyton Boulevard NW in Bremerton’s Tracyton neighborhood, the duplex offers access to Central Kitsap schools, military bases, shopping, and outdoor recreation. The two-unit layout provides distinct living spaces and separate outdoor areas within a single residential income property.
Key Highlights
- Two‑unit duplex totaling 3,040 SF
- Each unit measures 1,520sf with four bedrooms and two full bathrooms
- Private fenced backyard for each residence
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
$35,581
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
5.70%
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%
$711,620
$711.6K
Cap Rate 7%
$508,300
$508.3K
Cap Rate 9%
$395,344
$395.3K
Market Conditions
NOI Build-Up for 3,040 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
$55.8K $18.36/SF
− Vacancy
−$5.0K −$1.64/SF
EGI
$50.8K $16.72/SF
− OpEx
−$15.2K −$5.02/SF
NOI
$35.6K $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 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%
$711,620
Cap Rate 7%
$508,300
Cap Rate 9%
$395,344
Alternative Uses
Best Use
Multifamily LT 5
$508.3K
$444.8K – $593.0K
NOI $35,581 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$467.4K
$409.0K – $545.3K
NOI $32,720 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$1.01M
$887.0K – $1.18M
NOI $70,958 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 98311, WA
28,059
Population
11,019
Households
2.5
Avg Household Size
38
Median Age
32%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
2,505
Density / Sq Mi
$98,714
Median Household Income
$53,056
Median Earnings
$1,792
Median Rent
$448,100
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 - Each residence includes private outdoor space, laundry hookups, and a covered carport space.
Where is this duplex located?
The property is located at 5726 5728 Tracyton Boulevard NW Bremerton, WA.
What is the asking price?
The asking price for this property is $624,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,040 SF; Each unit measures 1,520sf with four bedrooms and two full bathrooms; Private fenced backyard for each residence
