Provided by NWMLS, Listed by G Anderson Group LLC

Active

821 Bay St

Port Orchard WA, 98366

$833,000


Active

Commercial

Built in 1900

This property is a passive income lover's dream. Three residential Tenants make up the top floor and three commercial Tenants make up the bottom. Renegotiations can be discussed regarding potential longer-Term leases for the commercial Tenants and the residential Tenants consist of your typical 12 month Terms. Additionally, a new owner would receive income from 6 parking stalls at the rear of the property. Yearly expenses are kept low, which helps yield a current CAP rate of 7%. With all of the improvements coming to downtown Port Orchard over the next 5 years, a new owner would have the ability to receive the income from a fully leased out, prime location property, while potentially achieving mid to high levels of appreciation.

2322533

MLS ID

December 20, 2024

Listed

January 14, 2025

Updated

Map

821 Bay St
Port Orchard WA, 98366

Interior Features

Interior Features

Hardwood


Floor Description

Hardwood


Fireplace

No


Cooling

Yes


Cooling Description

Ductless HP-Mini Split


Heating

Yes


Heating Description

Ductless HP-Mini Split

Exterior/Building Features

Lot Size

0.22 Acres


Exterior Features

Wood


Roof

Composition


Sewer

Sewer Connected

Other Property Details

Area Name

143 - Port Orchard


Taxes

$5,640


Tax Frequency

Annually


Garage

No


Parking Total

12


View

No


County

Kitsap


Water Source

Public


Pool

No


Waterfront

Yes

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 1/18/2025. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 1/18/2025 at 2:00 AM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2025 Northwest Multiple Listing Service all rights reserved.

Data last updated on 1/18/2025 at 2:00 AM UTC 

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