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2821 2831 NE Center Street Unit #1-8, Bremerton
$1,825,000
2588884 MLS ⋅ ACTIVE Status
Updated 8-unit property in Bremerton near Naval Base Kitsap and the Puget Sound Naval Shipyard. Two buildings with four townhouse-style units each, all offering 2 bedrooms, 1 bathroom and approximately 760 SF. Total building area of 6,080 SF with 18 on-site parking spaces. In-unit washer/dryer in seven units. Approximately $590,000 invested in renovations, repairs and capital improvements since 2022, including roof replacements on both buildings, new furnaces, updated kitchens and bathrooms, LVP flooring, interior/exterior paint, plumbing and electrical improvements, siding repairs, and select replacement windows, doors, water heaters and appliances. Additional work includes septic repairs and maintenance, crawlspace improvements and insulation. -$$- Offering a stunning projected 6.72% cap rate based on reviewed income and expenses.

2821 2831 NE Center Street Unit #1-8, Bremerton

Listing Broker: Keller Williams Downtown Sea; Nicholas T. Vilvandre; 206-612-7883; nvilvandre@kw.com

629 Highland, Bremerton
$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 Broker: Kidder Mathews; David A. Kelley; 360-705-2800; austin.kelley@kidder.com

2135 4th Street, Bremerton
$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 Broker: Kidder Mathews; David A. Kelley; 360-705-2800; austin.kelley@kidder.com

6323 Kitsap Way, Bremerton
$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 Broker: Keller Williams Greater 360; Lindsay Martin; 757-618-3835; lindsay@lindsaymartingroup.com

1566 SW Old Clifton Road, Port Orchard
$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 Broker: Better Properties Gig Harbor; Mori L. Ecklund; 360-731-4608; morirealestate@gmail.com

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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