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Dan McCurley

[email protected] +1(360) 979-6411

Listed by:Kidder Mathews • Max Frame

$1,850,000

Est. payment - /mo

16 Beds

8 Baths

6,496 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,496 sqft

Price per Sqft $284

Subdivision Bremerton

MLS Listing ID 2508012

Style 55 - 5-9 Units

Bedrooms 16

Year Built 1978

Annual Tax Amount $12,634

Lot Size 6,970 Sqft

Lot Dimensions 6970

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Kitsap

Area 148 - West Bremerton

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood

Garage Spaces 6.0

Amenities Available Barn

View Y/N Yes

View Bay, City

Roof Type Composition

Building

Lot Description Curbs

Sewer Sewer Connected

New Construction No

Schools

School District Bremerton #100C

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Dan McCurley

+1(360) 979-6411

REALTOR® | License ID: 100269

REALTOR® License ID: 100269

324 S Lafayette AVE Bremerton, WA 98312

Dan McCurley

Key Details

Location

Interior

Exterior

Building

Schools

Others

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324 S Lafayette AVE