1275 Northlake Way NW Bremerton, WA $ 425,000
1275 Northlake Way NW
$ 425,000
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1275 Northlake Way NW

Bremerton, WA, 98312
$ 425,000
Baths0.0 Sq 1,162

Monthly Estimate*

$ 2,617

Listed by eXp Realty
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Studio

Multi-Family Home for sale in Bremerton, WA

for $425,000. This 1,162 square foot home was built in 1940 on a lot size of 0.24.

These 1940 cabins offer a unique blend of classic charm and modern convenience in a prime Kitsap Lake location. These 2 homes on a single parcel are nestled in a serene neighborhood. The homes are partially updated making an excellent opportunity for investors or those seeking a cozy home with rental potential. This parcel is zoned R-10 and double listed in the MLS under single family and multifamily listings. Each home is a 1-bedroom, 3/4 bath unit with its own laundry and everything else you may need. This is a prime location, with quality tenants, and strong upside and the type of investment you’ve been waiting for. Units are currently on month-to-month leases, with long term tenants making this a turnkey opportunity. Monthly rent for these units is $1,050/month and $1,100/month and current rates are below market value.

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Multi-Family Active

Price

$ 425,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,541

Style

Duplex

Lot Size

0.24

Year Built

1940

Town/City

Bremerton

County/Region

Kitsap

MLS | Web ID

2491005

Features
General
Living Area 0
Sewer Sewer Connected
Heating Stove/Free Standing Wall Furnace
Cooling See Remarks
Possession Closing Negotiable
Roof Composition
HOA Fee 0
Garage Spaces 0
Year Built 1940
Property Subtype Multi Family
Tax Year 2026
County Kitsap
Net Operating Income 20672
Insurance Expense 2098
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Kitsap Lake
Special Listing Conditions None
Status Active
Directions From Hwy 3 take Kitsap Way exit & head west up the hill go past Red Apple market turn left onto Northlake Way take immediate left into 2nd driveway park on gravel across from tenant parking.
High School Bremerton High
City Bremerton
Senior Community Y/N N
High School District Bremerton #100c
Number Of Units Total 2
MLS Area 148 - West Bremerton
Lot Size Units Square Feet
Lot Size Square Feet 10454
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Kitsap Lake Elem
Tax Annual Amount 1541
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Mtn View Mid
Property Condition Good
Public Remarks These 1940 cabins offer a unique blend of classic charm and modern convenience in a prime Kitsap Lake location. These 2 homes on a single parcel are nestled in a serene neighborhood. The homes are pa
Leasable Area 1162
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Water Company City of Bremerton
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 1297
Property Style 52 - Duplex
Cap Rate 4.86
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Exterior
Exterior Amenities Wood
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 1162
Lot Size Acres 0.24
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Deck High Speed Internet
Parking Uncovered Total 4
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Interior
Flooring Vinyl
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Power Production Type Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2491005
Street Number 1 1275
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* Excluded Features
List By
Art Conrad

Listing Agent

Exp Realty

Broker

Affordability Calculator

$2,745
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,617
Monthly Property Taxes
$128
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2513191 Elementary School
256992 Middle School
Bremerton High High School
Pricing History
DatePricePrice ChangeDescription
4/28/2026$425,000 Listed Price

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1275 Northlake Way NW, Bremerton, WA, 98312 is a Multi-Family Home for sale at $425,000 with 1,162 sqft and a lot size of 0.24. 1275 Northlake Way NW is a studio with 0.0 baths and was built in 1940. The property's zip code is 98312 which is in Bremerton, WA