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About the Listing 2558 - 87837
INVESTOR ALERT! $$$ Turnkey 8-unit multifamily property located in a quiet Bremerton neighborhood near Naval Base Kitsap and the Puget Sound Naval Shipyard. Comprised of two well-maintained buildings with four bright, townhouse-style units in each, all offering 2 bedrooms, 1 bathroom, in-unit washer/dryer and ample on-site parking. All eight units have been updated with a cohesive design and consistent finishes 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/exterior paint, plumbing and electrical improvements, siding repairs, and select new windows, exterior doors, water heaters and appliances. With all eight units leased, current scheduled rents total approximately $160,200 annually, supporting a stabilized cap rate of approximately 6.31% based on stated operating expenses. Additional upside remains as rents move toward market rates. A solid, turnkey investment positioned to perform from day one.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor: Vinyl Plank
- Basement:
- Other:
- Water: City of Bremerton
Exterior Details
- Lot Description: Zoning: Commercial,Multi-Family,Residential
- Garage Capacity: N/A
- Parking Spaces: 18
- Zoning: Commercial,Multi-Family,Residential
- Roof: Composition
- Others: Wood,Wood Products
- Sewer: City of Bremerton
Financial Details
- Tax Amount: $11,420
- Taxes w/Assessments: N/A
- Tax/Property ID: 07240230082005
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
2821 2831 Ne Center Street 1-8 Bremerton, WA 98310
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