1345 Elizabeth Avenue

Bremerton, WA 98337

$924,900
Price
1
Beds
7
Baths
3,662 Sq. Ft.
$253 / Sq. Ft.
3,662
Sq. Ft.
$253
per Sq. Ft.
Listing provided courtesy of Coldwell Banker Bain

Description

Exceptional Investment Opportunity! Discover this well maintained, fully rented 7-unit apartment building at 7%+ cap rate. Olympic College is minutes away and Evergreen Park is a block from the property. This property features 6 studios and a 1- bedroom apartment, spacious laundry room with coin-operated machines, tenant and bike storage, and a large owner workroom. A new roof was installed in 2015. Three units include parking at the rear. Some units were updated in 2018. Conveniently situated 1.1...Exceptional Investment Opportunity! Discover this well maintained, fully rented 7-unit apartment building at 7%+ cap rate. Olympic College is minutes away and Evergreen Park is a block from the property. This property features 6 studios and a 1- bedroom apartment, spacious laundry room with coin-operated machines, tenant and bike storage, and a large owner workroom. A new roof was installed in 2015. Three units include parking at the rear. Some units were updated in 2018. Conveniently situated 1.1 miles from the Bremerton-Seattle ferry and Puget Sound Naval Shipyard. Please do not disturb tenants. Call your Broker today!
  1. Listed by Brett W Warner • Coldwell Banker Bain
  2. Listed by Betsy Tarpley • Coldwell Banker Bain

Property Details for 1345 Elizabeth Avenue

Community Name
Bremerton
School District
Bremerton #100c
View
Territorial
Number of Assigned Spaces
3
Total Covered Parking
0
Entry Date
07-16-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 11/13/2024 12:24 PM

Property Details for 1345 Elizabeth Avenue

StatusActive
MLS #2265872
Days on Market120
Cumulative Days on Market120
Taxes$6,188 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1920
Lot Size0.07 AC / 3,049 SF
CountyKitsap County

Building Information for 1345 Elizabeth Avenue

Stories2Residences7Year Built1920Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 1345 Elizabeth Avenue

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Area: 148 - West Bremerton
  • Elementary School: Naval Avenue Elem
  • Middle Or Junior School: Mtn View Mid
  • High School: Bremerton High
  • Directions: GPS works!
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Basement,Coin Op Laundry,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: City of Bremerton
  • Water Company: City Of Bremerton
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Public records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 14
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: Public records
  • Parcel Number Free Text: 37640000020008
  • Building Condition: Good
  • Calculated Square Footage: 3662
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3662.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 7
  • Units Below Grade: true
  • Units In Building Total: 7
Financing / Income and Expenses
  • Electric Expense: $1,958
  • Total Expenses: 11671
  • Gross Adjusted Income: 86498
  • Gross Rent Multiplier: 10.69
  • Gross Scheduled Income: $86,498
  • Insurance Expense: $3,525
  • Net Operating Income: $76,785
  • Other Expenses: $0
  • Total Monthly Income: 6795
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 319
  • Rent Unit 1: $875.00
  • Bedrooms Unit 1: 0
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 319
  • Rent Unit 2: $950.00
  • Bedrooms Unit 2: 0
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 1
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 319
  • Rent Unit 3: $1,025.00
  • Bedrooms Unit 3: 0
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 2
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 319
  • Rent Unit 4: $975.00
  • Bedrooms Unit 4: 0
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 3
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 450
  • Rent Unit 5: $925.00
  • Bedrooms Unit 5: 0
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 4
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 275
  • Rent Unit 6: $600.00
  • Bedrooms Unit 6: 0
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Unit 7
  • Name Unit 7: 5
  • Washer/Dryer Unit 7: false
  • Range/Oven Unit 7: true
  • Refrigerator Unit 7: true
  • Dishwasher Unit 7: false
  • Square Feet Unit 7: 770
  • Rent Unit 7: $1,195.00
  • Bedrooms Unit 7: 1
  • Fireplaces Unit 7: 0
  • Bathrooms Unit 7: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2771.0
  • Leasable Area Units: Square Feet

Property History for 1345 Elizabeth Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1345 Elizabeth Avenue

Taxable ValueLand$74,120Additions$653,030Total$727,150
Tax Record2024$6,187 ($516 / month)
Home Facts
Baths7Total Finished SqFt2,206 SqFtAbove Ground SqFt2,206 SqFtStories1Lot Size3,049 SqFtStyleMulti-Family Dwelling (2-4)Year Built1920ZoningCITYCountyKITSAPAPN3764-000-002-0008

Schools near 1345 Elizabeth Avenue

This home is within Bremerton School District.
Rating
School
Type
Grades
Distance
Naval Avenue Elementary School
Public - PK to 5
Mountain View Middle School
Public - 6 to 8
Bremerton High School
Public - 9 to 12
West Sound Technical Skills Center
Public - 11 to 12
Rating
School
Distance
Naval Avenue Elementary School
PublicPK to 5

Mountain View Middle School
Public6 to 8

Bremerton High School
Public9 to 12

West Sound Technical Skills Center
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1345 Elizabeth Avenue, Bremerton, WA 98337

1345 Elizabeth Avenue is a multi-family home for sale in Bremerton, WA 98337. This property was listed for sale on July 16, 2024 by Coldwell Banker Bain, it's currently listed at $924,900. It has been on the market for a total of 120 days and was last sold on July 19, 2019. This listing's school district is Bremerton School District. Nearby schools include Naval Avenue Elementary School, Mountain View Middle School and Bremerton High School. 1345 Elizabeth Avenue is a 1-bed, 7-bath, 3,662 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Bain

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.