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JRJeff ReynoldsCompass · Seattle

20363 NW Cedar Lane, Poulsbo, WA 98370

Listed by Joey Soller, Keller Williams Greater 360

Active82 days on market

Originally $550,000

Reduced $2,500 · 0%

$547,500

20363 NW Cedar Lane, Poulsbo, WA 98370

Poulsbo, WA, 98370

Built
1941
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Jeff Reynolds · Managing Broker, Compass

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Commercial Industrial
Type
1941
Year built
16,117 sq ft
Lot
82
Days on market

About this property

STR/ Investment / redevelopment opportunity in the City of Poulsbo. This .37-acre parcel is available with adjoining parcel 20379 NW Cedar Ln. Both properties are zoned C-2 Viking Avenue with public water and sewer. Current land use is Single Family Residential with strong potential for conversion to commercial use, owner-user occupancy, investment hold, mixed-use concepts, or possible short-term rental (STR) use. A third adjoining C-2 parcel located at 20375 NW Cedar Ln, featuring two rental homes, is also available, creating additional upside for buyers seeking all three contiguous C-2 parcels for future assemblage or redevelopment opportunities. Property features include 2 bedrooms, 1 full bath, full kitchen, wood-burning stove, detached garage, lean-to storage, RV parking area with no current hookups, ample lot parking, and flat usable land. Located on Finn Hill near Cafe Cocina, the property offers a private country-style setting while still being minutes from town. Approximately 3 minutes to Historic Downtown Poulsbo, Liberty Bay waterfront, Fish Park trails, Highway 3, and College Marketplace shopping. Easy access to Viking Way NW provides a direct route into Silverdale. Enjoy year-round festivals, waterfront activities, shopping, dining, and the charm of one of Kitsap County’s most desirable small cities. Rare C-2 Viking Avenue opportunity with long-term upside potential.

Location & commute

Add a destination (work, gym, school) for directions and drive time.

Directions

Property details

Listing details

Listing number
#2527010
Listed
May 20, 2026
Days on market
82
Original list price
$550,000

Construction

Year built
1941
Style
60 - Comm Bldg Und 10K
Structure
Unspecified

Lot

Lot size
16,117 sq ft

Terms

Terms offered
CashConventional

Utilities

Water
Public
Sewer
Sewer Connected

Listing history

  1. Listed

    $550,000

    May 20, 2026

  2. Current price

    $547,500

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

$3,188

Principal & interest
$2,768
Property tax (est.)
$420

Assumes $109,500 down (20%), a $438,000 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.

Similar nearby listings

Based on information submitted to the MLS GRID as of August 11, 2026 at 7:45 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.