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$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.

$1,975,000
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.

$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.

$899,000
2325766 MLS ⋅ ACTIVE Status
Reduced to sell! Spectacular Investment Opportunity for this 5 parcel short plat (total approx. 4.54 acre/5 addresses); each parcel includes a manufactured home w/current renter, septic system and Group B water system serving all 5 lots. Calling all builders to explore their options to get amazing return on your money with this unique property located close to town, freeway, shopping, medical and restaurants yet in a private setting.

1566 SW Old Clifton Road, Port Orchard

Listing courtesy of Better Properties Gig Harbor.

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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