1103 Ohio Ave

Bremerton, WA 98337

  • 4 Bed

  • 1.5 Bath

  • 2880 SqFt

  • 22 DOM

  • Built: 1919

  • Status: Pending Inspection

$600,000

X

1103 Ohio Ave

Bremerton 98337

$600000

  • 4 Bed

  • 1.5 Bath

  • 2880 SqFt

  • 22 DOM

  • Built: 1919

  • Status: Pending Inspection

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Srinivas Kasam

CEO & Founder

(650)533-3259

Well-located Bremerton triplex offering a rare blend of historic character, stable income, and flexible buyer appeal. Originally built in 1919, this classic early-20th-century home has been operated as a multifamily property for many years and retains the old-world charm and architectural detail that continue to resonate with Kitsap County renters and owner-occupants alike. The property is configured as three units, with the main unit intentionally vacant to allow for easy showings and owner-occupant use. For investors, the vacant unit represents immediate upside, with projected market rent supporting approximately $48,600 in gross scheduled annual rent once stabilized. From an operational standpoint, this has been a low-maintenance, easy-to-manage asset. Tenants pay utilities, management history is well documented, and expenses have remained consistent and predictable. At the current pro forma, the property supports a projected NOI of roughly $36,700, equating to just over a 6% cap rate at list price, with additional upside available through future rent growth and selective improvements. Conveniently located near PSNS, Olympic College, ferry access, and downtown Bremerton amenities, this property works equally well for an owner-occupant seeking architectural character with income offset, or an investor looking for durable cash flow with clear paths to increased NOI.

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Residence Information

  • 2880

  • 4

  • 1

  • 1

  • 1.5

  • Composition

  • 12 - 2 Story

  • 1919

  • Block

Features and Utilities

  • Wood

  • Public

  • Sewer Connected

Financial

  • 4258.04

  • Cash, Conventional

  • 02-05-2026

Comparable Information

  • 22

  • 22

  • Cash, Conventional

  • $600,000

  • $600,000

  • Mar 02, 2026 15:44

Schools

Elementary : Buyer To Verify N/A Ratings
Middle : Buyer To Verify N/A Ratings
High : Buyer To Verify N/A Ratings

Map

Listing courtesy of The Joseph Group.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Mar 03, 2026 03:14 | Listing last modified Mar 02, 2026 15:44. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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