Listed by Greater Peninsula Properties
$799,000

Estimated payment $4,719/month

Total Views 1,924
5 Beds
3 Baths
2,888 Sq Ft
$277 Price per Sq Ft

Highlights

  • Golf Course Community
  • Deck
  • Vinyl Plank Flooring
  • Mountain View
  • No HOA
  • Forced Air Heating System

About This Home

Exceptional Investment Opportunity – Fully Remodeled Triplex in the Heart of Port Orchard. Discover a turn-key multifamily gem in a rapidly growing market. This beautifully renovated triplex features three updated units with modern finishes, new flooring, fresh paint, and updated kitchens and bathrooms. Ideal for both investors and owner-occupants, each unit offers spacious living areas, in-unit laundry hookups, and off-street parking. Conveniently located near downtown Port Orchard, the ferry, schools, shopping, and parks. Low-maintenance landscaping and separate utilities for each unit maximize cash flow. Don’t miss this rare opportunity to own a high-performing asset in one of Kitsap County’s desirable rental corridors.

Listing Agent

Christopher Threet

Greater Peninsula Properties License #108888 Listed on: 07/08/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2404350

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,378

Year Built

  • Built in 1945

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 142' x 75'
  • Partially Fenced Property

Home Design

  • Triplex
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,888 Sq Ft Home
  • 3-Story Property
  • Vinyl Plank Flooring
  • Mountain Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Schools

  • Orchard Heights Elementary School
  • So. Kitsap High School

Utilities

  • Forced Air Heating System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 46010000240106

Community Details

Overview

  • No Home Owners Association
  • Orchard Heights Subdivision

Recreation

  • Golf Course Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,378

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 53 - Tri-plex
  • Year Built: 1945
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2888
  • EffectiveYearBuiltSource: See Remarks
  • Special Features: None
  • Cumulative Days on Market: 51

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 5
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Mountain(s)
  • Lot Features: Community Golf Course, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Block
  • Structure Type: Triplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Westsound Utility
  • WaterCompany: Westsound Utility
  • WaterSewerGarbage: 2252

Condo/Co-op/Association

  • Community Features: Golf
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: South Kitsap
  • High School: So. Kitsap High
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 46010000240106
  • Lot Size Acres: 0.25
  • Lot Size: 142' x 75'
  • Lot Size Sq Ft: 10890
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Deck,Fenced-Partially,Gas Available,High Speed Internet
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: County

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 14.94
  • LeasedItems: Washer/Dryer
  • TotalMonthlyIncome: 4455

Multi Family

  • Gross Scheduled Income: 53460
  • Net Operating Income: 45635
  • Number Of Units Total: 3
  • Insurance Expense: 1195
  • Leasable Area: 2888
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 3
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4378

MLS Schools

  • Elementary School: Orchard Heights Elem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,378 $429,440 $65,460 $363,980
2024 $3,668 $197,100 $65,460 $131,640
2023 $1,744 $197,100 $65,460 $131,640
2022 $1,008 $90,240 $61,130 $29,110
2021 $2,117 $193,500 $56,810 $136,690
2020 $2,083 $185,140 $54,100 $131,040
2019 $298 $179,890 $52,610 $127,280
2018 $311 $149,900 $52,610 $97,290
2017 $314 $149,900 $52,610 $97,290
2016 $337 $136,820 $52,610 $84,210
2015 $332 $134,610 $52,610 $82,000
2014 -- $132,390 $52,610 $79,780
2013 -- $138,110 $55,380 $82,730
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $799,000 +176.5% $277 / Sq Ft
11/19/2021 11/19/21 Sold $289,000 -3.3% $114 / Sq Ft
10/30/2021 10/30/21 Pending -- -- --
10/22/2021 10/22/21 Price Changed $299,000 -5.1% $118 / Sq Ft
10/14/2021 10/14/21 For Sale $315,000 +37.0% $125 / Sq Ft
02/25/2021 02/25/21 Sold $230,000 -6.1% $80 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
06/15/2020 06/15/20 Price Changed $245,000 -2.0% $85 / Sq Ft
03/20/2020 03/20/20 For Sale $250,000 -- $87 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Aegis Land Title Group
Warranty Deed $266,500 Aegis Land Title Group
Warranty Deed $230,000 Pacific Northwest Ttl Silver
Warranty Deed $99,900 Land Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $393,750 New Conventional
Closed $231,200 Commercial
Previous Owner $350,000 Commercial
Previous Owner $352,500 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $110,000 Unknown
Previous Owner $69,930 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2404350

Northwest Multiple Listing Service (NWMLS)

APN: 4601-000-024-01-06