$1,925,000
( )
 $10,334 est/mo Sourced by Back At You

2821 2831 NE Center Street 1-8,Bremerton, WA 98310

Bremerton, WA 98310

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Description

INVESTOR ALERT! $$$ Turnkey 8-unit multifamily property located in a quiet Bremerton neighborhood near Naval Base Kitsap and the Puget Sound Naval Shipyard. Comprised of two well-maintained buildings with four bright, townhouse-style units in each, all offering 2 bedrooms, 1 bathroom, in-unit washer/dryer and ample on-site parking. All eight units have been updated with a cohesive design and consistent finishes 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/exterior paint, plumbing and electrical improvements, siding repairs, and select new windows, exterior doors, water heaters and appliances. With all eight units leased, current scheduled rents total approximately $160,200 annually, supporting a stabilized cap rate of approximately 6.31% based on stated operating expenses. Additional upside remains as rents move toward market rates. A solid, turnkey investment positioned to perform from day one.

Details

MLS #2565138
Listing TypeFor Sale
StyleCommercial Industrial
Sub-TypeResale
StatusActive
Year1941
Days On Site53
Listing Provided ByKeller Williams Downtown Sea | Nicholas T. Vilvandre

Features

Units8
ZoningCommercial,Multi-Family,Resident
Acreage0.36

Taxes

Property11420

Area Information

StateWA
CountyKitsap
CityBremerton
Zip Code98310
Area149 East Bremerton
Community NameEnetai
Listing VS Median (in Enetai)
Price:
$1,925,000
low | high
Med:
$1,117,500
91.948051948052% of Average
On site:
53
low | high
Med:
28.5
100% of Average
Sourced by Back At You

Market Activity 98310

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Learn More About This Property

StateWA
CountyKitsap
CityBremerton
Zip Code98310
Area149 East Bremerton
Community NameEnetai
Listing VS Median (in Enetai)
Price:
$1,925,000
low | high
Med:
$1,117,500
91.948051948052% of Average
On site:
53
low | high
Med:
28.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.443M - $2.46M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2821 2831 NE Center Street 1-8 Property Photo 1
$1,925,000
2821 2831 Ne Center Street 1-8
Bremerton, WA 98310
2506 Trenton Avenue Property Photo 1
$230,000
2506 Trenton Avenue
Bremerton, WA 98310
Listing Updated: September 18, 2026 at 11:58:58 AM PDT