Listed by Gary Anderson, G Anderson Group LLC
- Commercial Industrial
- Type
- 1900
- Year built
- 9,583 sq ft
- Lot
- 518
- Days on market
About this property
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 over 8%. 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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2322533
- Listed
- December 20, 2024
- Days on market
- 518
- Original list price
- $833,000
Parking
- Total spaces
- 12
Construction
- Year built
- 1900
- Style
- 60 - Comm Bldg Und 10K
- Structure
- Unspecified
- Roof
- Composition
Heating & cooling
- Heating
- Ductless
- Cooling
- Ductless
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- Hardwood
Lot
- Lot size
- 9,583 sq ft
- Waterfront
- Yes
Terms
- Terms offered
- Cash
Utilities
- Water
- City of Port Orchard
- Sewer
- City of Port Orchard
- Power
- Puget Sound Energy
What stands out to you?
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- Unspecified
- Composition
- Ductless
- Electric
- Natural Gas
- Hardwood
- Cash
Listing history
Listed
$833,000
December 20, 2024
Current price
$670,000
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$3,902
- Principal & interest
- $3,388
- Property tax (est.)
- $514
Assumes $134,000 down (20%), a $536,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 14, 2026 at 12:15 AM PDT. 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.