$559,000
Est. $2,841/mo2 bd•1,260 sq ft
20375 Nw Cedar Lane, Poulsbo, WA 98370
• Listed 2026-05-20•60 days on market
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Based on information submitted to the MLS GRID as of May 22, 2026 at 04:42pm (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.
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Investment opportunity in Poulsbo — two homes on one C-2 Viking Ave zoned parcel totaling approximately .31 acres (13,504± sq ft) on sought-after Finn Hill along the Viking Avenue corridor. Located within the City of Poulsbo, this property offers flexibility for investors, future redevelopment potential, rental income, or owner-user strategies. Both homes are currently rented month-to-month at below market rates, offering upside potential for future income growth. R01 features a 1946-built 660± SF home with 1 bedroom, 1 3/4 bathroom. R02 is a separate 1946-built 600± SF home with 1 bedroom and 1 3/4 bathroom. Partial fencing and a private country-style setting on Finn Hill create a unique feel while still being minutes from town. Conveniently located approximately 3 minutes from Historic Downtown Poulsbo, Liberty Bay waterfront, Fish Park trails, Highway 3, and College Marketplace shopping. Easy access to Viking Way NW provides a direct route into Silverdale. Coppertop Storage nearby. Enjoy year-round festivals, waterfront activities, shopping, dining, and the charm of one of Kitsap County’s most desirable small cities. Rare opportunity to own an income-producing property with C-2 zoning in a highly sought-after Finn Hill location within Poulsbo. City Water+Sewer. RV Parking+ Flat useable lot.
Listed by Joey Soller • Keller Williams Greater 360
Listing updated: May 22, 2026 at 04:42pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2526714
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (3)
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Open Wed, Jul 22 +1
Open Wed, Jul 22 +1
Open Wed, Jul 22 +4$548,000
-$11,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $455K and $775K.
Rental earnings
$1,650/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$775,000Last sold price
221 Ne Honey Locust Court, Poulsbo, WA 98370
$480,000Last sold price
382 Ne Ohenry Court, Poulsbo, WA 98370
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
20375 Nw Cedar Lane, Poulsbo, WA 98370
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.
Neighborhood mobility
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$3,190 per month
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Daniel Baker · Keller Williams Greater 360
Poulsbo is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 10 days.
$745,500 Sold
3 months ago
3 bd•2.5 ba•~2,512 sq ft•Single Family
19795 4th Avenue Ne, Poulsbo, WA 98370
4%
Under list
—
Days on market
0.7 mi
Distance
$529,000 Sold
6 months ago
2 bd•1 ba•~1,222 sq ft•Single Family
32 Ne Sunset Street, Poulsbo, WA 98370
0%
Over list
—
Days on market
0.7 mi
Distance
$685,000 Sold
6 months ago
•Single Family
19679 Front Street Ne, Poulsbo, WA 98370
6%
Under list
—
Days on market
0.6 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 Jul 2026
North Kitsap #400 School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
