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Listed by:Kidder Mathews • David A. Kelley
$ 685,000
Est. payment | /mo
4 Beds
6 Baths
4,792 Sqft Lot
$ 685,000
Est. payment | /mo
4 Beds
6 Baths
4,792 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bremerton
MLS Listing ID 2571193
Style 55 - 5-9 Units
Bedrooms 4
Year Built 1910
Annual Tax Amount $5,652
Lot Size 4,792 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County Kitsap
Area 148 - West Bremerton
Interior
Fireplace false
Exterior
Exterior Feature Wood Products
View Y/N Yes
View Partial
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Bremerton #100C
Others
Senior Community No
Acceptable Financing Conventional
Listing Terms Conventional
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Nearby Locations
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