Listed by Summer Davy • Windermere RE West Sound Inc.
PENDING - BACKUP OFFER REQUESTED
$475,000
Est. $2,878/mo —
4
bd
•
2 ba
•
1,764
sq ft
2518 2514 Spring St NE, Bremerton, WA 98310
About this home
Excellent investment opportunity in Bremerton's desirable Upper Manette neighborhood! This well-maintained duplex offers proven income potential with two spacious, single-level units, each approximately 882 square feet. Both units feature 2 bedrooms, 1 full bath, a large living room, an eat-in kitchen, and a utility room with washer and dryer hookups. Efficient heat pumps provide year-round comfort with both heating and air conditioning.Situated on a quiet street with a nice-sized yard, the property offers an attractive setting for tenants. One unit includes two covered carports, while the other offers one covered carport, and each unit has its own exterior storage unit for added convenience.Conveniently located near the Seattle ferry, PSNS, downtown Bremerton, parks, shopping, and the vibrant Manette neighborhood. Whether you're looking to expand your investment portfolio or purchase your first income property, this is an outstanding opportunity with strong rental appeal and long-term investment potential.
Multi-familyProperty Type
1956Year Built
8,276 sq ftLot Size
$269Price/Sq.Ft.
3 spacesParking
Listed by Summer Davy• Windermere RE West Sound Inc
East Bremerton, located between Downtown Bremerton and Silverdale, is a residential and waterfront-adjacent Bremerton neighborhood with wooded hillsides and ferry-linked energy. The neighborhood’s character concentrates around Wheaton Way and NE Sylvan Way, where marinas, casual eateries, and everyday storefronts line the main corridor. Mid-century ramblers and split-levels mix with newer infill on curving streets that rise toward views of Sinclair Inlet. Waterfront pockets near the Manette Bridge and the Navy Yard frame a working-harbor feel. Community pillars include the historic Roxy Theatre, the Bremerton Marina, and the Puget Sound Navy Museum. Parks and shoreline paths add a steady outdoor rhythm without leaving the grid.
Provided by Walk Score and Local Logic
Offer insights
2518 2514 Spring St NE · $475,000
$484K and above
75% chance or better to win
Why $484K+ is a strong offer
DAYS ON MARKET
14 days
The average home goes pending in 56 days.
SALE-TO-LIST
97.6%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Hardwood and vinyl plank flooring
Partially fenced (security feature)
Bedrooms
Two 2-bedroom units
Bathrooms
Each unit has 1 bathroom
Kitchen
Each unit equipped with range/oven
Each unit includes refrigerator
One unit does not have a dishwasher; the other unit's dishwasher status not listed
Laundry & utility
Each unit has washer and dryer
Flooring
Hardwood
Vinyl plank
Heating & cooling
Heat pump for heating and cooling
Exterior features
Partially fenced yard
Cable TV available
Located on a cul-de-sac
Paved access
Home design
Duplex (residential income, multi-family)
Single-story
Good condition
Parking
3 covered spaces
3 carport spaces
6 uncovered parking spaces
Security
Partially fenced (security feature)
Construction
Wood construction
Composition roof
Poured concrete foundation
Built as a duplex (structure type)
Utilities
Electric service
Public water (North Perry)
Septic sewer
Power by Puget Sound Energy
Cable and internet connected via Astound
Financial info
Listing accepts Cash, Conventional, FHA, VA financing
Gross scheduled income reported at $44,400
Gross adjusted income reported at $44,400
Total monthly income reported as $3,203
Net operating income reported at $38,436
Total expenses reported at $5,964
Insurance expense reported at $2,194
Gross rent multiplier reported as 10.7
Actual rents shown: $1,850 for each unit
Electricity and solar
View estimated energy costs and solar savings for this home
The intent of this zone is to recognize, maintain, and encourage urban low density residential areas by including a full range of urban services and facilities that are adequate at the time of development. This zone is also intended to create cost-efficient residential areas which are capable of allowing the provision of community services in a more economical manner.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Public service
Kennel
Communications tower
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Bremerton, WA • 98310
Average low and high temperatures (°F)
47
37
48
37
53
40
61
43
67
48
73
52
76
55
77
58
72
54
60
46
51
43
48
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
72/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
2.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2518 2514 Spring St NE
$474,849
$151 under list price of $475K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $420K to $500K.