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Investment Highlights

  • Ready for building development
  • Kitsap Lake view
  • Great road access and has utilities

Executive Summary

Build a four plex or two duplexes with water views of Kitsap Lake on these parcels. All three separate tax parcels are being sold together at the corner of Chico Way & Northlake Way totaling 0.5 acres zoned Urban Low Residential (ULR 5-9 DU/ac) in Kitsap County. Perfect location for a four plex or two duplexes with additional space for a small private park. Vehicle access is from both roads easiest access to a garage area is from Northlake Way. Because of the contour elevations, build the living spaces above to take advantage of the wonderful views of Kitsap Lake to the south. Utilities stormwater, fiber (KPUD), water (City of Bremerton), & sewer (KC Public Works) are on the Northlake Way Road. Interior has been cleared for better viewing. NWMLS #2438471

Taxes & Operating Expenses (Actual - 2025)

Annual (CAD) Annual Per AC (CAD)
Taxes $738 $1,476.15
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes (CAD)
Annual $738
Annual Per AC $1,476.15
Operating Expenses (CAD)
Annual -
Annual Per AC -
Total Expenses (CAD)
Annual $738
Annual Per AC $1,476.15

Property Facts

Price $271,600 CAD
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Planned Unit Development
Total Lot Size 0.50 AC
Cross Streets NW Northlake Way
Zoning ULR (5-9 DU/ac) - Urban Low Residential ULR (5-9 DU/ac) in the West Bremerton Urban Growth Area (UGA)

1 Lot Available

Lot 3-052, +2

Price $271,600 CAD
Price Per AC $543,200.02 CAD
Lot Size 0.50 AC

Build a four plex or two duplexes with water views of Kitsap Lake. All three contiguous separate tax parcels are being sold together at the corner of Chico Way & Northlake Way totaling 0.5 acres zoned Urban Low Residential (ULR 5-9 DU/ac)

Description

Three contiguous properties in between Chico Way and Northlake Way where those two roads merge. There is a parallel Kitsap County secondary road that runs along side Chico/Kitsap Way on the east side of the property, so access should be easier from that side of the properties. There is access from Northlake Way onto the property with a culver across the small drainage ditch on the south SW side.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 082401-3-051-2001
  • 082401-3-052-2000
Land Assessment
$144,919 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$144,919 CAD (2026)
Annual Taxes
$738 CAD
Tax Year
2025 Payable 2025
  • Listing ID: 38396096

  • Date on Market: 2025-11-10

  • Last Updated:

  • Address: 1981 Chico Way, Bremerton, WA 98312

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