Listed by Rebecca Johnson • Windermere RE West Sound Inc. Bought with Mosaic Realty.
Off Market Nov 2023 for $980K
$1,061,186
Est. refi paymentEst. refi$1,130/mo
—
bd
•
— ba
•
4,800
sq ft
4751 SE Horstman Rd, Port Orchard, WA 98366
About this home
Investors, don't miss out! 6.6% cap rate and loyal, long-term renters! This amazing 4plex is super-unique for Kitsap County! Almost an acre and a half of usable land with incredible Olympic Mountain views and sunsets! Two 1 bedroom and two 2 bedroom, 1200 square ft units are in high demand. Couple that with the large shared shed, chicken coop, greenhouse and multiple fruit trees, who wouldn't want to live there? Vinyl siding and a metal roof make this place super low-maintenance. 2-unit shared laundry on each side of the building. 2 entrances with loads of extra parking. All tenants are month-to-month, Unit D is only vacant to spruce up for sale. Live in that unit and have a home that cash-flows! Listed under tax-assessed value of over $1M!
Multi-familyProperty Type
1976Year Built
1.46 acresLot Size
$221Est. Price/Sq.Ft.
12 spacesParking
Listed by Rebecca Johnson• Windermere RE West Sound Inc
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
1.46 Acres
Year renovated
—
Sq. Ft.
4,800
Year built
1976
Style
Multi-Family (2-4 Unit)
County
Kitsap County
APN
302402-1-021-2003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on Jul 29, 2026.
RR
Rural Residential Zone
This zone promotes low-density residential development and agricultural activities that are consistent with rural character. It is applied to areas that are relatively unconstrained by environmentally sensitive areas or other significant landscape features. These areas are provided with limited public services.
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Public service
Communications tower
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Parking Uncovered Spaces: 12
Parking Features: RV Parking
Open Parking Spaces: 12
Has Open Parking
Interior
Heating & Cooling
Has Heating
Heating Information: Radiant
Cooling Information: None
Interior Features
Interior Features: Ceramic Tile, Hardwood, Laminate, Wall to Wall Carpet