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$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.

$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.

$2,750,000
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..

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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