1103 Ohio Ave, Bremerton, WA 98337

• 4 beds |
• 3 baths |
• 2,880 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

February 13, 2026 at 10:21PM

Listing Office:

The Joseph Group : 425-250-5559

Listing Agent:

Ian P. Joseph : 425-250-5559

MLS ID:

2477484

Interior

• Flooring: Ceramic TileLaminateVinylCarpet
• A/C: Forced Air
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Wood
• Parking: Attached GarageParking spaces: 1

Construction

• Roofing: Composition
• General: TwoBlock

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Bremerton #100c
• County: Kitsap

Lot

• Topography: Level
• Zoning: 37970140080004

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls