NOT LISTED FOR SALE

4751 SE Horstman Rd Port Orchard, WA 98366

Estimated Value: $1,003,000 - $1,402,000

6 Beds
4 Baths
4,800 Sq Ft
$251/Sq Ft Est. Value

Last Sold November 27, 2023

Last sale price $980,000 $204 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,468/month

3 Days on Market

Highlights

  • Greenhouse
  • Mountain View
  • Secluded Lot
  • RV Access or Parking
  • Deck
  • Wood Flooring

About This Home

As of November 2023

Investors, don't miss out! 6.6% cap rate and loyal, long-term renters! This amazing 4plex is super-unique for Kitsap County! Almost an acre and a half of usable land with incredible Olympic Mountain views and sunsets! Two 1 bedroom and two 2 bedroom, 1200 square ft units are in high demand. Couple that with the large shared shed, chicken coop, greenhouse and multiple fruit trees, who wouldn't want to live there? Vinyl siding and a metal roof make this place super low-maintenance. 2-unit shared laundry on each side of the building. 2 entrances with loads of extra parking. All tenants are month-to-month, Unit D is only vacant to spruce up for sale. Live in that unit and have a home that cash-flows! Listed under tax-assessed value of over $1M!

Last Listed By

Rebecca Johnson

Windermere RE West Sound Inc. License #134978 Listed on: 10/10/2023

Windermere RE West Sound Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2170132

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,835

Year Built

  • Built in 1976

Lot Details

  • 1.46 Acre Lot
  • Open Space
  • Street terminates at a dead end
  • Partially Fenced Property
  • Secluded Lot
  • Corner Lot

Property Views

  • Mountain
  • Territorial

Home Design

  • Quadruplex
  • Slab Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Parking

  • 12 Parking Spaces
  • Open Parking
  • RV Access or Parking

Outdoor Features

  • Deck
  • Patio
  • Greenhouse
  • Outbuilding

Utilities

  • Radiant Heating System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Port Orchard Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30240210212003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,835

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1976
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4800
  • Special Features: None
  • Cumulative Days on Market: 261

Interior Features

  • Possible Use: Residential
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Hardwood, Laminate, Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Metal
  • View: Mountain(s), Territorial
  • Lot Features: Corner Lot, Dead End Street, Open Space, Paved, Secluded
  • View: Yes
  • Waterfront: No
  • Exterior Features: Metal/Vinyl
  • Foundation Details: Slab
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Parking Features: RV Parking
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Septic Tank
  • Security: FullyFenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Radiant
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: Septic
  • WaterCompany: West Sound
  • WaterSewerGarbage: 3300

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

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

Lot Info

  • Parcel Number: 30240210212003
  • Lot Size Acres: 1.46
  • Lot Size Sq Ft: 63598
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Gas Available,Green House,High Speed Internet,Outbuildings,Patio,RV Parking
  • MLSLotSizeSource: County
  • ZoningClass: Residential

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas, Wood

Rental Info

  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 7563

Multi Family

  • Gross Scheduled Income: 90758
  • Net Operating Income: 66176
  • Number Of Units Total: 4
  • Insurance Expense: 2133
  • Leasable Area: 4800
  • EnergySource: Electric,Natural Gas,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2023
  • Tax Annual Amount: 8835
  • AdditionalTaxIds: 30240210552002

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Nov 15, 2023
Sold by
Fruit Tree Apt Llc
Bought by
Bobs Print Llc
Seller's Agent
Rebecca Johnson
Windermere RE West Sound Inc.
Buyer's Agent
Rich Bezus
John L. Scott, Inc
List Price
$995,000
Sold Price
$980,000
Premium/Discount to List
-$15,000
-1.51%
Total Days on Market
3
Views
4
Current Estimated Value
$1,202,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$222,500
Avg. Annual Appreciation
23.20%
Original Mortgage
$735,000
Outstanding Balance
$728,044
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$606,456

Purchase Details

Closed on
Aug 9, 2021
Sold by
Maxwell Greer Marie E and Greer Daniel T
Bought by
Fruit Tree Apt Llc

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 11, 2021
Sold by
Olympic Orchard Property Management Llc
Bought by
Maxwell Greer Marie E and Greer Daniel T
Seller's Agent
Richard Kemp
Coldwell Banker Bain
List Price
$750,000
Sold Price
$785,000
Premium/Discount to List
$35,000
4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.15%

Purchase Details

Closed on
Jul 22, 2020
Sold by
Linhart Casey James and Linhart Amy Brodbeck
Bought by
Olympic Orchard Property Management Llc

Purchase Details

Closed on
Jan 24, 2020
Sold by
Linhart Casey
Bought by
Linhart Casey and Linhart Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,750
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 3, 2019
Sold by
Linhart Casey
Bought by
Olympic Orchard Property Management Llc

Purchase Details

Listed on
Mar 5, 2018
Closed on
Mar 1, 2018
Sold by
Strand Greta Kirstin
Bought by
Linhart Casey
Buyer's Agent
Marc Kemp
Coldwell Banker Bain
List Price
$480,000
Sold Price
$480,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.21%
Original Mortgage
$384,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2015
Sold by
Strand G Kirstin and Ann C Strand Revocable Family
Bought by
Strand Greta Kirstin

Purchase Details

Closed on
May 27, 1994
Sold by
Davis Ralph E
Bought by
Libby Mark Eastman

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bobs Print Llc $980,000 Pacific Northwest Title
Fruit Tree Apt Llc -- None Available
Maxwell Greer Marie E $785,000 Fidelity Natl Ttl Lynnwood
Olympic Orchard Property Management Llc -- None Available
Linhart Casey -- Land Ttl Co Silverdale Submi
Linhart Casey -- Land Title Company
Olympic Orchard Property Management Llc -- None Available
Linhart Casey $480,000 Fidelity National Title
Strand Greta Kirstin -- None Available
Libby Mark Eastman -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bobs Print Llc $735,000
Previous Owner Linhart Casey $368,750
Previous Owner Linhart Casey $384,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2023 11/27/23 Sold $980,000 -1.5% $204 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $995,000 +26.8% $207 / Sq Ft
05/17/2021 05/17/21 Sold $785,000 +4.7% $164 / Sq Ft
05/06/2021 05/06/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $750,000 0.0% $156 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $750,000 +56.3% $156 / Sq Ft
03/05/2018 03/05/18 Sold $480,000 0.0% $100 / Sq Ft
03/05/2018 03/05/18 For Sale $480,000 -- $100 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $9,229 $1,023,080 $166,790 $856,290
2024 $8,952 $1,023,080 $166,790 $856,290
2023 $8,835 $1,016,550 $166,790 $849,760
2022 $8,806 $850,360 $133,690 $716,670
2021 $7,598 $690,420 $127,320 $563,100
2020 $6,408 $560,420 $111,440 $448,980
2019 $5,665 $541,920 $82,190 $459,730
2018 $5,528 $407,500 $82,190 $325,310
2017 $4,718 $407,500 $82,190 $325,310
2016 $4,575 $361,790 $82,190 $279,600
2015 $4,412 $353,730 $82,190 $271,540
2014 -- $348,350 $82,190 $266,160
2013 -- $348,300 $92,900 $255,400
Source: Public Records

Agents Affiliated with this Home

  • Rebecca Johnson

    Seller's Agent in 2023

    Rebecca Johnson

    Windermere Real Estate West Sound Inc.

    (253) 227-8579

    91 Total Sales

    Rebecca Johnson
    Section Image

  • R

    Buyer's Agent in 2023

    Rich Bezus

    John L Scott

    (253) 561-4768

    57 Total Sales

    Rich Bezus
    Section Image

  • R

    Seller's Agent in 2021

    Richard Kemp

    Coldwell Banker Bain

    (253) 851-9988

    25 Total Sales

    Richard Kemp
    Section Image
  • Marc Kemp

    Buyer's Agent in 2018

    Marc Kemp

    Coldwell Banker Bain

    174 Total Sales

    Marc Kemp
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2170132

Northwest Multiple Listing Service (NWMLS)

APN: 302402-1-021-2003

Washington Kitsap County Port Orchard 98366

4751 SE Horstman Rd, Port Orchard, WA

Homes for Sale in Port Orchard, WA

This home is located at 4751 SE Horstman Rd, Port Orchard, WA 98366 since 10 October 2023 and is currently estimated at $1,202,500, approximately $250 per square foot. This property was built in 1976. 4751 SE Horstman Rd is a home located in Kitsap County with nearby schools including Orchard Heights Elementary School, Marcus Whitman Middle School, and South Kitsap High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. ©2025 NWMLS.

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