Sold

Listed by: Windermere RE West Sound Inc. • Rebecca Johnson

Bought with: Mosaic Realty

$980,000

4751 SE Horstman Road, Port Orchard, WA 98366

--beds

--baths

4,800sqft

Quadruplex, Multi Family

Built in 1976

-- sqft lot

$1,051,200 Zestimate^®

$204/sqft

$2,147 Estimated rent

Home value

$1,051,200

$946,000 - $1.16M

$2,147/mo

Zestimate^® history

Owner options

List your home for rent

$2,147/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,147/mo

Rent Zestimate^®

Refinance and save

$5,897/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$5,897/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Multiple fruit treesIncredible olympic mountain viewsVinyl sidingLarge shared shedMetal roof

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!

Facts & features

Interior

Heating

Radiant, Electric, Natural Gas, Wood

Cooling

None

Features

Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
Windows: Thermal Windows
Has fireplace: No

Interior area

Total structure area: 4,800
Total interior livable area: 4,800 sqft

Property

Parking

Total spaces: 12
Parking features: RV Parking
Uncovered spaces: 12

Features

Patio & porch: Ceramic Tile, Hardwood, Laminate, Wall to Wall Carpet
Has view: Yes
View description: Territorial

Lot

Size: 1.46 Acres
Features: Corner Lot, Dead End Street, Open Lot, Paved, Secluded, Cable TV, Deck, Fenced-Partially, Gas Available, Green House, High Speed Internet, Outbuildings, Patio, RV Parking

Details

Parcel number: 30240210212003
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family

Materials

Metal/Vinyl
Foundation: Slab
Roof: Metal

Condition

Year built: 1976

Utilities & green energy

Electric: Company: PSE
Sewer: Septic Tank, Company: Septic
Water: Company: West Sound

Green energy

Energy efficient items: Thermal Windows

Community & HOA

Community

Subdivision: Port Orchard

Location

Region: Port Orchard

Financial & listing details

Price per square foot: $204/sqft
Tax assessed value: $1,150,320
Annual tax amount: $8,835
Date on market: 11/25/2023
Cumulative days on market: 970 days
Listing terms: Conventional,VA Loan

Price history

Date	Event	Price
11/27/2023	Sold	$980,000-1.5%$204/sqft
Source: NWMLS as distributed by MLS GRID #2170132 Report a problem
10/13/2023	Pending sale	$995,000$207/sqft
Source: NWMLS as distributed by MLS GRID #2170132 Report a problem
10/10/2023	Listed for sale	$995,000+26.8%$207/sqft
Source: NWMLS as distributed by MLS GRID #2170132 Report a problem
5/17/2021	Sold	$785,000+4.7%$164/sqft
Source: NWMLS as distributed by MLS GRID #1759699 Report a problem
5/6/2021	Pending sale	$750,000$156/sqft
Source: NWMLS as distributed by MLS GRID #1759699 Report a problem
5/2/2021	Listed for sale	$750,000$156/sqft
Source: NWMLS as distributed by MLS GRID #1759699 Report a problem
4/25/2021	Pending sale	$750,000$156/sqft
Source: NWMLS as distributed by MLS GRID #1759699 Report a problem
4/21/2021	Listed for sale	$750,000+56.3%$156/sqft
Source: NWMLS as distributed by MLS GRID #1759699 Report a problem
3/5/2018	Sold	$480,000$100/sqft
Source: NWMLS as distributed by MLS GRID #1254467 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,813 +13%	$1,150,320 +12.4%
2024	$8,683 +3.2%	$1,023,080
2023	$8,417 +1.3%	$1,023,080 +0.6%
2022	$8,313 +0.1%	$1,016,550 +19.5%
2021	$8,304 +16.4%	$850,360 +23.2%
2020	$7,136 +36.1%	$690,420 +27.4%
2019	$5,243 -5.2%	$541,920 +33%
2018	$5,528	$407,500
2017	$5,528 +17.2%	$407,500 +12.6%
2016	$4,718 +3.1%	$361,790 +2.3%
2015	$4,575	$353,730 +1.5%
2014	$4,575 +3.7%	$348,350 +0%
2013	$4,412 +98.3%	$348,300 -14.9%
2012	$2,224 +554.3%	$409,450 +128.9%
2011	$340 +4.9%	$178,870 -11.8%
2010	$324 +8.7%	$202,870 -9.2%
2009	$298 -22.1%	$223,450 -8.4%
2008	$383 -6.6%	$243,880 +54.2%
2007	$410 +32.1%	$158,190 +69.3%
2005	$310	$93,420 +14.3%
2002	--	$81,710