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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. 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!
Listing Highlights
Interior Details
- Bedrooms: 16
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City of Bremerton
Exterior Details
- Lot Description: Dead End Street,Paved,Zoning: Commercial,Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 18
- Zoning: Commercial,Multi-Family
- 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
- in Principal and Interest
- in Taxes
Questions About..
2821 2831 Ne Center Street 1-8 Bremerton, WA 98310
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