$2,400,000
Est. $13,294/moPrice reduced $50,000 from the original $2,450,000 asking price
840 Madison Avenue N, Bainbridge Island, WA 98110
• Listed Aug 28, 2024•1313 days active · 1313 cumulative
Listing Broker: Windermere Commercial/ERES; Kelly Muldrow; 206-949-3420; kelly@muldrow.net
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Listing Broker: Windermere Commercial/ERES; Kelly Muldrow; 206-949-3420; kelly@muldrow.net
About this home
Price Reduced! The 818 Madison Building represents the best in Bainbridge Island design and function and is a proven performer. The building is 100% occupied and consists of seven, stable tenants in spaces ranging from 314 to 1,981 square feet. Designed by Wenzlau Architects and recently extensively remodeled and updated, The 818 Building offers a fresh opportunity to invest in a Class A office building with durable rents. Current CAP Rate: 5.6%
Listed by Kelly Muldrow • Windermere Commercial/ERES
Listing updated: September 17, 2026 at 11:27am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2283174
Around this home
How much should you offer?
840 Madison Avenue N, Bainbridge Island, WA 98110
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Comm Bldg Und 10K
Schools
Ratings via SchoolDigger- Odyssey Multiage ProgramPublic · Grades K-8 · 0.3 mi—
- Woodward Middle SchoolPublic · Grades 7-8 · 1.0 mi · State rank 8 of 51410/10
- Eagle Harbor High SchoolPublic · Grades 9-12 · 0.3 mi · State rank 36 of 39610/10
Schools shown are the nearest public Elementary, Middle, and High school for this property and may not be the assigned schools. Verify attendance boundaries with the district before purchasing.
Commercial facts
As entered by the listing broker on Northwest MLS
Building
- Year built
- 2004
Parking & site
- Acres
- 0.11 acres
- Lot square feet
- 4,792 sq ft
- Zoning jurisdiction
- City
Income & lease
- Total monthly triple net
- $48,312
- Square feet rented
- 6,024 sq ft
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 840 Madison Avenue N
NWMLS via MLS Grid · Kitsap County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Sep 17, 2026Price reducedNWMLS via MLS Grid · #2283174$2,400,000
- Aug 28, 2024ListedNWMLS via MLS Grid · #2283174$2,450,000
Mortgage payment forecast
$15,694 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
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Listing Broker: Windermere Commercial/ERES; Kelly Muldrow; 206-949-3420; kelly@muldrow.net
Market pulse
Bainbridge Island is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 52 days.
Recent sales nearby
Within 1 mile · last 6 months$1,499,990 Sold
0 days ago
3 bd•2.5 ba•~3,400 sq ft•Single Family
474 Glen Hollow Place SW, Bainbridge Island, WA 98110
0%
Over list
19
Days on market
0.5 mi
Distance
$1,382,500 Sold
3 days ago
3 bd•3 ba•~3,268 sq ft•Single Family
8289 New Holland Court NE, Bainbridge Island, WA 98110
7%
Over list
23
Days on market
0.9 mi
Distance
$1,725,000 Sold
5 days ago
3 bd•3.5 ba•~3,558 sq ft•Single Family
284 Wood Avenue SW, Bainbridge Island, WA 98110
4%
Under list
21
Days on market
0.6 mi
Distance
$2,250,000 Sold
1 week ago
5 bd•4 ba•~4,337 sq ft•Single Family
8777 NE Winslow Grove Court, Bainbridge Island, WA 98110
0%
Over list
16
Days on market
0.5 mi
Distance
$1,400,000 Sold
2 weeks ago
3 bd•2.5 ba•~2,305 sq ft•Single Family
779 Village Circle NW, Bainbridge Island, WA 98110
4%
Over list
20
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 19, 2026 at 8:02 PM PT (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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