Listing Provided Courtesy Of:
Urban Commercial Partners, LLC and NWMLS
1844 NE Poulsbo Avenue Keyport, WA
$ 1,650,000
Property Attributes
  • ID#1808817
  • TypePending
  • CountyKITSAP
  • CityKeyport
  • AreaFinn Hill
  • NeighborhoodKeyport
  • Zip98345
  • StyleOffice
  • Year Built1984
  • Taxes$ 19830
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
Urban Commercial Partners, LLC and NWMLS
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description

Rare commercial investment opportunity in the community of Keyport, located in Kitsap County near Poulsbo. Historically operated as an office building primarily servicing Navy contractors, the building has been continuously occupied with virtually no vacancies since it opened for business in 1984. Minimal maintenance and oversight required. Offering a 6.5% cap rate on current financials and potential to increase income. As a bonus, the building can be converted to multi-family units for future added value. Ideal for 1031 replacement property or any investor needing to deploy capital and looking for a better return than the average multi-family market cap in the region.

Price History
7/15/2021 Listed $1,650,000

General Features

Building Area Units Square Feet
Carport Y/N No
City Keyport
County Kitsap
Directions From Poulsbo head South on Viking Way, turn left onto Hwy 308 and continue for 2.12 miles. Sharp left turn onto NE Poulsbo Ave, the subject property is located on the right side of Poulsbo Ave.
Electric Expense 6573
Exterior Features Wood
Flooring Ceramic Tile, Concrete, Carpet
Insurance Expense 2765
Interior Features Forced Air, Ceramic Tile, Concrete, Wall to Wall Carpet
Lot Size Square Feet 17424
MLS Area 165 - Finn Hill
Net Operating Income 107249
Possession Tenant's Rights
Possible Use Commercial, Multi-Family, Office, See Remarks
Property Style 73 - Office
Property SubType Commercial Industrial
Property Type Commercial Sale
PropertyCondition Average
Roof Torch Down
Senior Community Y/N No
Sewer Sewer Connected
Special Listing Conditions None
Standard Status Pending
Status Pending Feasibility
Street Name Poulsbo
Structure Type Office
Subdivision Name Keyport
Tax Annual Amount 19830
Tax Year 2021
Terms Cash Out, Conventional, Rehab Loan, See Remarks
Topography Level
Total Actual Rent 10308
Total Units 2
Utilities Sewer Connected, Electricity Available, Natural Gas Connected
Water Company Kitsap PUD
Water Sewer Garbage 4786
Year Built 1984
Zoning Class Commercial, Multi-Family, Office, See Remarks

Interior Features

Electric On Property Y/N No
Fireplace Y/N No
Furnished Y/N Unfurnished
Living Area Units Square Feet
Power Production Type Electric, Natural Gas
Street Suffix Avenue

Exterior Features

Foundation Details Slab
Irrigation Water Rights Y/N No
Lot Dimensions 110 x 160
Lot Number 28-31
Lot Size Acres 0.4
Lot Size Units Square Feet
Open Parking Y/N No
Water Source Community


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 98345

AVG $1.65M
AVG $19,830
Year Built
AVG 1984

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