Discover a prime investment opportunity with this 7-unit apartment complex, offering consistent rental income potential year-round.The property's location ensures a steady flow of tenants, with Olympic College, the Bremerton-Seattle ferry, and the Puget Sound Naval Shipyard all within minutes of the property. A new roof was installed in 2015 and select units were remodeled in 2018.There is a spacious laundry room with coin operated machines for additional revenue. Each unit has additional storage available. Three of the units have designated parking spaces available. Evergreen Park is a block from the property for tenants who enjoy outdoor activities. Currently at an 8% cap rate! Shown by appointment only.
Rare opportunity to own a Historic building in downtown Bremerton. The Castle Park Apartments have been a part of downtown Bremerton for decades. Walking distance to PSNS, ferry, restaurants, movie theater, and parks. This nine-plex apartment complex has alley carport parking and has been professionally managed for years. The Castle Park Apartments has had a 0% vacancy rate with long term tenants for years. Rents would be easy to increase. New 150-gallon hot water tank and TPO Roof.
Seize this rare chance to own a 5-unit property with water views, perfectly located in the heart of downtown Bremerton. Situated on a charming corner lot just steps from the Manette Bridge, this property offers unparalleled rental appeal. Walk to the Bremerton ferry, making it ideal for commuters, PSNS employees and those who enjoy a vibrant downtown atmosphere. Updated with fresh paint and appliances, the building features two upstairs units, two on the main floor, and a basement apartment. Additional income potential with basement storage and coin-operated laundry. With rents below market and a low vacancy rate, this is a prime addition to any portfolio!
The Wedgewood Apartments is a 1938 vintage 15-unit apartment building with so much character and potential. The property is centrally located near Olympic College, Bremerton High School & Evergreen Rotary Park. It is also only a few minutes from downtown Bremerton, the ferry and the shipyard. The Wedgewood has a great unit mix of mostly studio and 1-bedroom units along with one 2-bedroom apartment. This is an extremely rare opportunity for a mid-sized multifamily in Kitsap County. Properties this size do not trade very frequently. This is a heavy value-add prospect that allows new ownership to rehabilitate and capture top rents in a low supply market.
6-Plex - Amazing opportunity, perfectly located in downtown Bremerton. Wonderful tenants. New fire alarm system' heating system, hot water, updated electrical, plumbing. half of the units are completely refurbished. detached garage on property. This may be your best investment yet.
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The median home value in Bremerton, WA is $395,000. This is lower than the county median home value of $537,500. The national median home value is $338,100. The average price of homes sold in Bremerton, WA is $395,000. Approximately 44.26% of Bremerton homes are owned, compared to 48.85% rented, while 6.9% are vacant. Bremerton real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Bremerton real estate agent to arrange a tour today!
Bremerton, Washington 98337 has a population of 43,345. Bremerton 98337 is more family-centric than the surrounding county with 40.69% of the households containing married families with children. The county average for households married with children is 29.93%.
The median household income in Bremerton, Washington 98337 is $61,741. The median household income for the surrounding county is $84,600 compared to the national median of $69,021. The median age of people living in Bremerton 98337 is 33.2 years.
The average high temperature in July is 76 degrees, with an average low temperature in January of 35.8 degrees. The average rainfall is approximately 48.9 inches per year, with 3.3 inches of snow per year.