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$685,000
2571193 MLS ⋅ ACTIVE Status
627 Highland Ave — Bremerton, WA 98337 This offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at $685,000 and offered at a 7% cap rate on in-place income. Built in 1910, the property represents classic older-vintage Bremerton housing stock, offering a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization as units turn. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, supporting steady renter demand and a durable tenant base for well-located multifamily product in the submarket. For an investor seeking an attractive going-in yield with a manageable-scale renovation opportunity, 627 Highland Ave offers an efficient, well-priced entry point into the Bremerton multifamily market.

629 Highland, Bremerton

Listing courtesy of Kidder Mathews.

$725,000
2568500 MLS ⋅ ACTIVE Status
This offering presents a 7-unit value-add multifamily opportunity in Bremerton, priced at $725,000 and offered north of a 7% cap rate on in-place income. Like much of the surrounding submarket's older housing stock, the property offers dated interiors and a clear path for new ownership to drive rents through unit-by-unit renovations and modernization — positioning the asset for meaningful upside as units turn. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, supporting steady renter demand and a durable tenant base for well-located multifamily product in the submarket. For an investor seeking an attractive going-in yield with a manageable-scale renovation opportunity, 2135 4th St offers an efficient, well-priced entry point into the Bremerton multifamily market.

2135 4th Street, Bremerton

Listing courtesy of Kidder Mathews.

$725,000
2568462 MLS ⋅ ACTIVE Status
The Veneta apartment offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at a 7% cap rate on in-place income. The property is an older-vintage asset with dated interiors, presenting a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization - a classic value-add play in a market where comparable renovated units command a meaningful rent premium. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, which continues to support steady renter demand and provides a durable, recession-resistant tenant base for well-located multifamily product in the submarket. For an investor seeking a manageable-scale renovation project with an attractive going-in yield and a clear path to stabilized upside, 801 Veneta Ave offers an efficient entry point into the Bremerton multifamily market.

801 Veneta Avenue, Bremerton

Listing courtesy of Kidder Mathews.

$1,925,000
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.

$775,000
2531550 MLS ⋅ PENDING Status
Great investment opportunity! Check out this Bremerton/Chico multi-unit property conveniently located on a .83 acre parcel not far from the local military bases, downtown Bremerton and the Silverdale area. Four cabin style stick built homes plus one manufactured home. Each unit has their own inside laundry area. Most have newer roofs and updated windows. These are the only homes on this dead-end street. Owner terms: on approved credit, seller will carry back with 25% down, 6% interest on the balance, 25 year amortization with a 8 year cash out. Properties like this are rare and don't come available often. Now is a good time to take advantage of this great opportunity.

2996 Northlake Way NW, Bremerton

Listing courtesy of Windermere Prof Partners.

$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.

$485,777
2467140 MLS ⋅ ACTIVE Status
Remodeled 5-plex in the heart of Bremerton. Previous owner updated this property beautifully, but did not obtain the necessary permits from the City of Bremerton. General Commercial zoning allows for the potential to use for multi-family, retail, office or mixed use. Lot size is over half an acre so might be possible to subdivide. Owner financing may be available.**Buyer to verify any and all information on what is needed to obtain permits from the City of Bremerton.**

6323 Kitsap Way, Bremerton

Listing courtesy of Keller Williams Greater 360.

$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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