866 NW Karkainen Lane, Poulsbo, WA 98370

• 4 beds |
• 3 baths |
• 1,894 sqft

Property Description

Welcome to this rare multi-home opportunity in the heart of Poulsbo! Situated on a spacious half-acre lot just inside the Poulsbo UTA, this versatile property offers endless possibilities for investors, multi-gen living, or owner-occupants seeking additional income potential. Both homes were remodeled and permitted in the 2022-2023 timeframe, blending modern updates with timeless character and charm.The beautifully updated main home features 3 bedrooms and 2 baths with a flexible floorplan that includes the primary bedroom and second bedroom on the main level. Upstairs, you'll discover a full loft-style third bedroom complete with a fun “special secret room” that adds character to the space. A partially finished basement has recently been waterproofed, offering additional storage or future expansion potential. Connected to sewer while maintaining the benefit of a private well. The det-ADU includes 1 bed, 1 bath, and a 1-car garage, currently generating $1,500 per month in rental income. The main home is tenant occupied but will be vacant at the end of June, creating an ideal opportunity for an owner-occupant or investor looking to maximize income potential. Outside, enjoy dedicated garden space, plenty of off-street parking, and room to spread out on the generous half-acre lot. Commute? What a breeze being 10min to Bangor or an easy ride to Bainbridge Ferry Terminal. Some interior photos are from a previous listing but do represent the home accurately.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 3:20PM

Listing Office:

Windermere Prof Partners : 360-876-9600

Listing Agent:

Deborah Bonneville : 360-876-9600

MLS ID:

2524977

Interior

• General: Second KitchenBath Off PrimaryDbl Pane/Storm WindowWater Heater
• Appliances: DishwasherDryerMicrowaveRefrigeratorStove(s)/Range(s)Washer
• Basement: Partially Finished
• Flooring: Ceramic TileLaminateCarpet
• A/C: None
• Heating: Forced AirWall Furnace
• Fireplace: Fireplaces: 0

Exterior

• General: Cement/ConcreteWood
• Parking: DrivewayAttached GarageOff StreetParking spaces: 5

Construction

• Roofing: Composition
• General: One and One HalfPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: North Kitsap #400
• County: Kitsap

Lot

• Topography: LevelPartial Slope
• Zoning: 15260120342004

Utilities

• Water: Individual Well
• Sewer: Sewer Connected

Financial

• Source: nwmls