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$1,975,000
2563357 MLS ⋅ ACTIVE Status
INVESTOR ALERT! $$$ Turnkey 8-unit multifamily property located in a quiet Bremerton neighborhood near Naval Base Kitsap and the Puget Sound Naval Shipyard. The property and surrounding neighborhood show exceptionally well. Comprised of two well-maintained buildings, the property features four bright, townhouse-style units in each, all offering 2 bedrooms, 1 bathroom, an in-unit washer and dryer, and plenty of on-site parking. All eight units have been updated with a cohesive design and consistent color palette throughout. Ownership has invested approximately $590,000 in renovations, repairs, and capital improvements since 2022, including new roofs on both buildings, new furnaces in all units, updated kitchens and bathrooms, LVP flooring, interior and exterior paint, plumbing and electrical improvements, siding repairs, and select new windows, exterior doors, water heaters, and appliances. The property offers a stabilized 6.15% cap rate based on the existing leases and stated operating expenses, with additional upside as rents move toward market rates. A solid, turnkey investment ready to perform from day one!

2821 2831 NE Center Street Unit #1-8, Bremerton

Listing courtesy of Keller Williams Downtown Sea.

$1,950,000
2520059 MLS ⋅ ACTIVE Status
Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.

1215 Burwell Street, Bremerton

Listing courtesy of REally Properties Inc.

$6,750,000
2511189 MLS ⋅ PENDING Status
We are pleased to present South Court, a 47-unit multifamily community located in Bremerton. Originally constructed in 1919, the property comprises 26,100 net rentable square feet and features a balanced mix of studio, one-bedroom, and two-bedroom residences, appealing to a broad renter demographic. South Court currently generates $440,679 in net operating income and is offered at an attractive 6.53% in-place Cap Rate, providing investors with strong day-one cash flow. Current rents are approximately 8.24% below market, presenting a clear opportunity to increase revenue through alignment with prevailing market rates. The property also includes 32 surface parking spaces in addition to available street parking, supporting resident convenience and operational stability. The community benefits from convenient access to local employment centers, neighborhood retail amenities, and regional transportation connections throughout the Puget Sound area. Bremerton’s growing economic base and connectivity to the broader region position the asset to capture sustained rental demand and long-term value appreciation.

834 ML King Way Drive, Bremerton

Listing courtesy of Northmarq Multifamily, LLC.

$1,250,000
2509353 MLS ⋅ PENDING FEASIBILITY Status
Bremerton 6 offers high quality, well maintained, and spacious 2 Bedroom-1 Bathroom units. Units are approximately 1000 SF each and include W/D hookups which positions a buyer for a very easy value-add opportunity. The property includes 6 covered parking spaces and 6 storage rooms, making it a very easily rentable asset. Local economic drivers create a strong rental market in Bremerton with historically low vacancy rates. Bremerton 6 positions itself as the perfect property for entry-level or experienced investors through its large, high-quality units and ability to capture additional upside without extensive renovations.

2001 11th Street, Bremerton

Listing courtesy of John L. Scott, Inc.

$1,850,000
2508012 MLS ⋅ PENDING Status
Located in rapidly growing Kitsap County, this property offers investors a compelling combination of stable market fundamentals, recent capital improvements, and proven rental upside. Backed by landlord-friendly policies and a federally anchored employment base, the area is well positioned for long-term demand and investment durability. The asset presents clear operational upside, with recent leases achieving $1,680 and $1,690, helping validate continued rent growth potential. Additional income opportunities may be realized through laundry, parking, and RUBS implementation. The property also benefits from excellent transportation access, with ferry, bus, and direct highway connections linking residents to the broader Puget Sound employment base. Over the past four years, approximately $246,000 has been invested in major capital improvements, including a new roof, all-unit window replacements, full electrical panel upgrades, and water heater replacements throughout. With key systems already addressed, new ownership steps into a well-maintained asset with limited deferred maintenance risk. An enclosed, covered parking garage further distinguishes the property, offering a valuable amenity in a submarket where many competing rental properties lack secured parking. This is an opportunity to acquire a well-maintained asset with both immediate strength and future upside.

324 S Lafayette Avenue, Bremerton

Listing courtesy of Kidder Mathews.

$740,000
2497614 MLS ⋅ SOLD Status
Versatile duplex property! (include 3 levels) - Legally recognized duplex offering expansive square footage and strong income potential. Each side features spacious multi-level living with 2 bedrooms, 1.75 baths, city views, and large decks, creating an attractive layout for tenants or owner-occupants. Approx. 7,700 total sq ft including ~5,700 finished and ~2,000 unfinished space (buyer to verify), providing flexibility and future potential. Oversized 5-car garage plus 3 additional parking spaces located directly in front of the property offer ample parking. Property is ideally located just steps from PSNS with convenient access to freeways and the ferry, making commuting easy. Recent updates include new paint and carpet in the 112 lower unit. Sold as-is. Excellent opportunity to add value or hold as a long-term investment in a highly desirable location. Buyer to verify all information to their satisfaction.

112 & 114 S Lafayette Avenue, Bremerton

Listing courtesy of Infinity Real Estate, LLC. Selling Office: Keller Williams West Sound.

$2,488,000
4 Beds ⋅ 4 Baths ⋅ 2420239 MLS ⋅ SOLD Status
A custom home on Wildcat Lake includes a detached ADU (8723 NW Holly) & 2 large garages, perfect for anyone needing space for hobbies, recreation or multi-generational living. This 2.53-acre estate offers a 5,219 sq ft primary residence with main-floor living, elevator, soapstone countertops, large walkin pantry, Masonry Heater and water views from almost every room. The exterior includes two covered patios, concrete walkways and dock. The exterior includes 2 covered patios, lake shed, rebuilt dock & automatic generator. Enjoy the 2 oversized detached garages. One is 2,800 sf w/ 11'6 ceiling & a 1/2 bathroom. The RV garage has 1,464 sf of parking as well as a 784 sf upstairs. The 968 sf ADU has a 1 bedroom, 1 bath w/laundry & an office.

8725 & 8723 NW Holly Road, Bremerton

Listing courtesy of Better Properties Kitsap. Selling Office: Paramount Real Estate Group.

$1,275,000
3 Beds ⋅ 4 Baths ⋅ 2405207 MLS ⋅ SOLD Status
Impressive waterfront estate nestled along the shores of Panther Lake. Lakefront estate offers the ultimate in luxury living with an impressive 100 feet of no-bank waterfront & private dock. The main house boasts over 4,000 sq ft beautifully designed living space, featuring an open floor plan that seamlessly blends indoor & outdoor living. Multiple flex spaces provide endless possibilities for customization, whether you envision a home office, gym, or art studio. An added bonus, there is a fully integrated whole home generator! Complementing the main residence, a charming guest cabin offers additional privacy and comfort for visitors. A detached garage provides ample storage for vehicles & recreational equipment. Come spend some time here!

270 NE Panther Lake Road, Bremerton

Listing courtesy of Keller Williams Greater 360. Selling Office: Windermere Real Estate Midtown.

$2,750,000
2392381 MLS ⋅ SOLD Status
Full interior and exterior renovations completed before sale. Property sold with all units vacant.

342 Bertha Avenue, Bremerton

Listing courtesy of Lumin Brokers of Washington. Selling Office: Windermere RE West Sound Inc..

$1,300,000
2328929 MLS ⋅ SOLD Status
Rare opportunity to own a Historic building in downtown Bremerton. The Castle Park Apartments have been a part of downtown Bremerton for decades. Walking distance to PSNS, ferry, restaurants, movie theater, and parks. This nine-plex apartment complex has alley carport parking and has been professionally managed for years. New common carpet, new 150-gallon hot water tank, and TPO Roof.

256 Burwell Street, Bremerton

Listing courtesy of Reid Property Management LLC. Selling Office: eXp Realty.

$1,400,000
2168772 MLS ⋅ SOLD Status
Your chance of obtaining a rare & unique opportunity - Lower Manette 8-Plex with Amazing Water & City Views! Sprawling views of downtown Bremerton, Naval Shipyard, Ferry Terminal, Port Orchard & the Manette Bridge - colorful reflection of city lights at dusk...unbeatable. This Apollo Apartments bldg is grandfathered in to this quaint and desirable residential community. Consistently over the years has near 0% vacancy rate & an attractive Cap Rate for the investor. Less than a mile to walk over the picturesque Manette Bridge - to PSNS, Seattle/Bremerton/Bainbridge ferries & downtown! Investors can make some smart upgrades-easily increase your cap rate-rents are below market value. Plenty of parking for tenants/guests.Low maintenance grounds.

811 Hayward Avenue Unit #1-8, Bremerton

Listing courtesy of John L. Scott, Inc.. Selling Office: Windermere Real Estate Co..

Based on information submitted to the MLS GRID as of . 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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