2518 Spring Street NE, Bremerton, WA 98310

$475,000
1,764
SqFt

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Listing courtesy of Windermere RE West Sound Inc..

List Price
$475,000
Status
ACTIVE
MLS#
2561414
Days on Market
0
Style
52 - Duplex
Building Condition
Good
Finished SqFt
1,764
Area Total SqFt
1764
Annual Tax Ammount
3770
Internet Provider
Astound
Lot Size (sq ft)
8,276
Sewer
Septic Tank

Property Description

Excellent investment opportunity in Bremerton's desirable Upper Manette neighborhood! This well-maintained duplex offers proven income potential with two spacious, single-level units, each approximately 882 square feet. Both units feature 2 bedrooms, 1 full bath, a large living room, an eat-in kitchen, and a utility room with washer and dryer hookups. Efficient heat pumps provide year-round comfort with both heating and air conditioning.Situated on a quiet street with a nice-sized yard, the property offers an attractive setting for tenants. One unit includes two covered carports, while the other offers one covered carport, and each unit has its own exterior storage unit for added convenience.A pre-listing home inspection has already been completed, offering added confidence for buyers. Conveniently located near the Seattle ferry, PSNS, downtown Bremerton, parks, shopping, and the vibrant Manette neighborhood. Whether you're looking to expand your investment portfolio or purchase your first income property, this is an outstanding opportunity with strong rental appeal and long-term investment potential.

Additional Information

List Date
2026-08-07 16:28:11
Community
Enetai
Net Operating Income
$38,436
Gross Adjusted Income
$44,400
Gross Scheduled Income
$44,400
Total Monthly Income
$3,203
Insurance Expenses
$2,194
Gross Rent Multiplier
10.7
Total Expenses
$5,964
Cap Rate
8.09
Total Number of Units
2
Unit Name
2518
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1956
Roof
Composition
Site Features
Cable TV, Fenced-Partially
Energy Source
Electric
School District
Bremerton #100c
Elementary School
View Ridge Elem
Middle School
Mtn View Mid
High School
Bremerton High
Total Monthly Income
$3,203
Gross Scheduled Income
$44,400
Gross Adjusted Income
$44,400
Tax Year
2026
Insurance Expense
$2,194
Total Expenses
$5,964
Net Operating Income
$38,436
Gross Rent Multiplier
10.7
Cap Rate
8.09
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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