866 NW Karkainen Lane, Poulsbo, WA 98370 (MLS # 2524977)
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Listing provided courtesy of Northwest MLS; Windermere Prof Partners
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Welcome to this rare multi-home opportunity in the heart of Poulsbo! Situated on a spacious half-acre lot just inside the Poulsbo UTA, this versatile property offers endless possibilities for investors, multi-gen living, or owner-occupants seeking additional income potential. Both homes were remodeled and permitted in the 2022-2023 timeframe, blending modern updates with timeless character and charm.The beautifully updated main home features 3 bedrooms and 2 baths with a flexible floorplan that includes the primary bedroom and second bedroom on the main level. Upstairs, you'll discover a full loft-style third bedroom complete with a fun "special secret room" that adds character to the space. A partially finished basement has recently been waterproofed, offering additional storage or future expansion potential. Connected to sewer while maintaining the benefit of a private well. The det-ADU includes 1 bed, 1 bath, and a 1-car garage, currently generating $1,500 per month in rental income. The main home is tenant occupied but will be vacant at the end of June, creating an ideal opportunity for an owner-occupant or investor looking to maximize income potential. Outside, enjoy dedicated garden space, plenty of off-street parking, and room to spread out on the generous half-acre lot. Commute? What a breeze being 10min to Bangor or an easy ride to Bainbridge Ferry Terminal. Some interior photos are from a previous listing but do represent the home accurately.
| LAST UPDATED | 5/15/2026 | TRACT | Poulsbo |
|---|---|---|---|
| YEAR BUILT | 1948 | COMMUNITY | Poulsbo |
| COUNTY | Kitsap | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Buyer To Verify |
|---|---|
| Jr. High School | Buyer To Verify |
| High School | Buyer To Verify |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Water Heater |
| AREA | 165 - Finn Hill |
| BASEMENT | Partially Finished, Yes |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Garden |
| GARAGE | Attached Garage, Yes |
| HEAT | Electric, Forced Air, Wall Furnace |
| INTERIOR | Bath Off Primary, Dbl Pane/Storm Window, Second Kitchen, Water Heater |
| LOT | 0.51 acre(s) |
| LOT DESCRIPTION | Corner Lot, Dead End Street, Paved |
| MLS STATUS | Active |
| PARKING | Driveway, Off Street, Attached |
| STORIES | 1.5 |
| STYLE | 17 - 1 1/2 Stry w/Bsmt |
| SUBDIVISION | Poulsbo |
| TAXES | 5425 |
| UTILITIES | Sewer Connected |
| WATER | Well, Private |
| SATELLITE VIEW |
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Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 5/16/26 8:43 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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