Kitsap WA Multi-Family Real Estate, Homes for Sale

Looking for a great investment with positive cash flow? Here's your chance to own not just 1 duplex but 2 duplexes in this beautiful area of Beach Drive in Port Orchard! Each unit has 2BR & a full bath plus a very unexpected half bath for guests. The layout is great! Living, Dining, Kitchen, & half bath on the main floor and 2 BR, full Bath and Laundry below plus storage. Each has its own deck looking out to Sinclair Inlet where the WA State Ferries travel several times a day along with a multitude of marine life to see in their natural habitat. Having the bonus of a garage is also very attractive to tenants. There is no better price per unit in much of Kitsap than these 2 duplexes. Rental demand is high and inventory is low. These units have never stayed empty very long. Rent payments are below the current market rates. An investor could create a bigger cap rate and would truly benefit from these duplexes in their portfolios. Don't miss the amazing view!! Please NO drive-bys.

4617 Beach Drive E, Port Orchard

Listing courtesy of Better Properties Kitsap.

$436,999

2556224 MLS ⋅ ACTIVE Status

Investor or owner-occupant opportunity in the heart of Bremerton. This two-unit property offers 2,192 sq ft of livable space minutes from Puget Sound Naval Shipyard and Naval Base Kitsap — one of the region's most reliable rental markets.The larger unit is a spacious 3-bed/1-bath at 1,523 sq ft, with room for roommates, while the second is an efficient 1-bed/1-bath at 669 sq ft — ideal for a single tenant or a low-maintenance rental. Both come equipped with range/oven, refrigerator, and dishwasher, plus shared on-site laundry. Covered parking and additional street parking mean tenants always have a spot. Both units are vacant and ready now — a clean slate to set rents at today's market, or live in one side while the other helps cover your mortgage. Projected rents pencil to $3,050/month, driving $36,600 gross scheduled income, $26,114 NOI, and a 5.67% cap rate at list. Steady military and civilian demand keeps vacancy low and tenants dependable. House-hack into ownership or run it turnkey from day one. Double listed MLS#

140 S Cambrian Avenue, Bremerton

Listing courtesy of COMPASS.

$520,000

2555639 MLS ⋅ ACTIVE Status

Beautiful duplex situated on a spacious half-acre lot with scenic water views. The property features beautifully landscaped front and back yards with mature trees and greenery, creating a peaceful setting. Both units offer open floor plans filled with natural light. Unit A has been fully updated and is vacant, making it move-in ready for an owner-occupant or new tenant. Market rent is $2200. Unit B is occupied by a long-term tenant on a month-to-month lease, currently paying $1,864per month. Recent updates include a new roof, and the deck for Unit A will be replaced prior to closing. This is an excellent opportunity to live in one unit while generating rental income from the other. Priced below market for exceptional value.

7655 E Karen Lane, Port Orchard

Listing courtesy of Better Properties Summit.

$524,950

2553467 MLS ⋅ ACTIVE Status

Investors, house hackers, and savvy buyers-this is the opportunity you've been waiting for. This rare 1918 Craftsman isn't just full of timeless character; it's a true income-producing property with flexibility that's hard to find. Live in one unit and rent the other, lease both for maximum income, or continue the successful approach the current owner has already proven-all three options have been done. The main home showcases the craftsmanship of a bygone era with hardwood floors, arched doorways, leaded-glass built-ins, vintage glass doorknobs, a brick-accented fireplace, formal dining room, two main-floor bedrooms, full bath, plus finished bonus rooms, 3/4 bath and abundant storage downstairs. Plot twist: the detached two-car garage is topped by a charming 1-bedroom apartment bursting with personality-hardwood floors, built-ins, coved doorways, vintage tile, full bath and its own kitchen. Separate utilities make managing the two living spaces even easier. Major updates include new house roof (2024), apartment/garage roof (2021), new furnace (2022), updated sewer (2025), plus more plumbing and electrical improvements. Three additional off-street parking spaces are a premium bonus this close to Olympic College, PSNS, the Seattle ferry, downtown Bremerton and waterfront parks. Historic charm, important system updates and multiple income strategies combine to create a rare investment opportunity with lasting appeal.

1108 Warren Avenue, Bremerton

Listing courtesy of Keller Williams West Sound.

$875,000

2551850 MLS ⋅ ACTIVE Status

Quality New Construction Duplex is rare opportunity for both investor and owner-occupants. Front and back landscaping now complete. Each unit is spacious 1499sqft with 3 bedrooms, 2.5 baths, and a single car garage. Thoughtfully laid out with quality and minimal maintenance in mind. Main floor is open concept living/dining/kitchen with luxury vinyl plank flooring and features white kitchen cabinets, quartz counters, and walk-in pantry. All bedrooms on the 2nd floor with convenient laundry. Primary bedroom has an attached 5-piece ensuite bath with walk-in closet. Both guest bedrooms have walk-in closets and share a large 5-piece full bath. Small covered patio opens to the spacious fully-fenced backyard (divider fence to be installed prior to close). Efficient heat pump mini-split units with A/C. Connect to all public utilities. Minutes to the Naval Bases, shipyard, and ferries to Seattle. Just a short commute to the Amazon distribution center. This is desired area with high demand for rentals, especially for newer homes with low maintenance. Excellent income producing potential in convenient high demand location.

5158 W Francis Street, Bremerton

Listing courtesy of Keller Williams Greater 360.

$775,000

2531550 MLS ⋅ PENDING INSPECTION Status

Great investment opportunity! Check out this Bremerton/Chico multi-unit property conveniently located on a .83 acre parcel not far from the local military bases, downtown Bremerton and the Silverdale area. Four cabin style stick built homes plus one manufactured home. Each unit has their own inside laundry area. Most have newer roofs and updated windows. These are the only homes on this dead-end street. Owner terms: on approved credit, seller will carry back with 25% down, 6% interest on the balance, 25 year amortization with a 8 year cash out. Properties like this are rare and don't come available often. Now is a good time to take advantage of this great opportunity.

2996 Northlake Way NW, Bremerton

Listing courtesy of Windermere Prof Partners.

$669,000

2544918 MLS ⋅ ACTIVE Status

Solid, turnkey fourplex on a large 10,890 SF lot in West Bremerton. Fully occupied with an attractive unit mix of (1) 2-bedroom, (2) 1-bedroom, and (1) studio unit. Strong in-place income with upside through scheduled rent increases and market rent growth. Offered at a 7.4% current cap rate with ~8% projected cap rate at market rents. The property consists of a triplex plus detached one-bedroom cottage with separate electrical meters, coin-operated laundry, and off-street parking. Three of the four units have been cosmetically renovated, including the 2-bedroom unit in 2026. Major capital improvements include fresh exterior paint, extensive roof replacement, foundation stabilization, and updated plumbing and electrical. Conveniently located near PSNS, Olympic College, downtown Bremerton, the Seattle ferry, shopping, and major employers. Excellent investment opportunity offering immediate cash flow and long-term upside in one of Kitsap County's strongest rental markets.

133 N Marion Street, Bremerton

Listing courtesy of Real Broker LLC.

$550,000

2528049 MLS ⋅ ACTIVE Status

A well-located Bremerton triplex offering a rare blend of historic character, stable income, and broad investor appeal. Built in 1905, the property retains the early-century architectural detail that continues to resonate with Kitsap County renters and supports consistent occupancy. The building is configured as three units, all currently occupied by tenants, providing immediate in-place income with no downtime or lease-up risk. The property has operated as a reliable, low-maintenance multifamily asset for many years. Tenants are on utility-pay leases, operating expenses have remained predictable, and management history is well documented. The structure, layout, and long-term rental performance make this an attractive option for investors seeking a steady, easy-to-manage addition to their portfolio. Located near key Bremerton employment centers and amenities, the property benefits from a strong and diverse tenant base. Showings are available only after a mutually accepted offer, ensuring minimal disruption to residents and smooth continuity of operations.

926 Pleasant Avenue, Bremerton

Listing courtesy of John L. Scott Snohomish.

$725,000

2541795 MLS ⋅ ACTIVE Status

Turnkey Duplex – Investment or Owner-Occupant Opportunity. Well-maintained duplex in a desirable Kitsap location near ferries, town, and commuter routes. One unit will be vacant at closing, offering the option to live in one side or maximize rental income. Each unit features 3 bedrooms, 2.5 baths, an attached garage, and additional off-street parking. The occupied unit is leased through December at $2,000/month plus $65/month for shared well water. Situated on a rare ¾-acre wooded lot, the property has seen major updates including a new roof, insulation, moisture barrier, Trex decks, and updated windows. This property has immediate income, strong rental appeal, and long-term flexibility.

1353 - 1355 Saddle Club Road SE, Port Orchard

Listing courtesy of Premier Real Estate Partners.

$350,000

2539859 MLS ⋅ PENDING INSPECTION Status

Rare opportunity to own TWO HOMES on one city lot with excellent income-producing potential! Ideally located within a short distance to PSNS, ferry, shopping, schools... this versatile property is perfect for investors, owner-occupants, or multi-generational living. These homes were recently updated, along with newer roofs, interior paint, some flooring, countertops, etc. The main residence features 2 bedrooms/1 bathroom and is 464 SQFT. The detached studio apartment (264 SQFT) offers additional rental income, guest accommodations or Airbnb options. Enjoy the flexibility of living in one unit and renting the other or maximize cash-flow by leasing both. Convenient to bus-lines. One water/sewer bill for both properties. Opportunities like this are hard to find! Maximize your return with this versatile and income-generating property in a great location!

2212 15th Street, Bremerton

Listing courtesy of Better Properties Kitsap.

$550,000

2534690 MLS ⋅ ACTIVE Status

Positioned in the heart of Port Orchard within Business Professional Mixed Use zoning, this well-maintained duplex offers a rare blend of income potential and flexibility of use. The vacant main-level unit features 3 bedrooms, 1 bath, and 1,318 SqFt of single-level living, highlighted by newly refinished hardwood floors, a spacious family room with wood-burning fireplace, and a fully fenced backyard with patio. The 858 SqFt upper unit offers 1-bedroom, 1-bath, spacious living room area and great natural light. Each unit enjoys its own washer and dryer, private entrance, and dedicated 1-car garage. Recent improvements include a new 30-year roof, new gutters, fresh exterior paint, and a fully refreshed crawlspace with new insulation and vapor barrier. Conveniently located near Highway 16, shopping, dining, and downtown amenities.

360 Tremont Street W, Port Orchard

Listing courtesy of Paramount Real Estate Group.

$520,000

2538644 MLS ⋅ PENDING Status

Two Homes. One is 826SF 1Bedroom + 1 Bath and the other is 588SF 1 Bedroom + 1.5 Baths, One Incredible Opportunity in a prized downtown neighborhood.. Directly across from Kiwanis Park & just minutes to Seattle ferry, Puget Sound Naval Shipyard, Olympic College, downtown dining, coffee shops, breweries, theaters & shopping. A perfect blend of charm, convenience & flexibility. Light-filled main home is rich in character & warmth, offering inviting living spaces plus a spacious basement garage/workshop ideal for hobbies, projects, storage or creative pursuits. Tucked behind the main residence, the detached cottage is a delightful surprise a fully self-contained apartment filled with natural light, charm & possibility. Perfect for guests, multigenerational living, a private home office, or rental income. Lovingly maintained & thoughtfully cared for, this special property reflects pride of ownership throughout. Updates; plumbing, wiring & windows, + the rear home was rebuilt from the foundation in the mid-1990s. Are you dreaming of living in one home & renting the other, creating a multigenerational retreat, or adding a proven income-producing asset to your portfolio, the possibilities are endless. Enjoy morning walks through the park, coffee with friends around the corner, an easy ferry commute to Seattle & all the benefits of one of Bremerton's most vibrant neighborhoods. Rarely does a property offer this much character, flexibility & opportunity in such a desirable location

1728 5th Street, Bremerton

Listing courtesy of Windermere RE West Sound Inc..

$515,000

2534274 MLS ⋅ ACTIVE Status

Excellent Investment Opportunity. Spacious units that were totally remodeled in 2013 with new PEX water supply lines throughout, cabinets & counter tops, appliances, plumbing fixtures, flooring, paint and new laundry areas for both units. EZ to lease/rent. Wonderful area @ Anderson Cove in Port Washington Narrows. Close to revitalized downtown Bremerton, Seattle Ferry Terminal and Puget Sound Naval Shipyard. EZ drive to Hwy 3 and the world beyond.

1740 Anderson, Bremerton

Listing courtesy of Old Towne Realty.

$575,000

2533002 MLS ⋅ ACTIVE Status

Attention Investors! Secure an excellent, well-maintained two-story duplex in the highly desirable Manette neighborhood. This property features mirror floor plans, with each unit offering a spacious 2 bedroom, 1.5 bath layout across 1,152 square feet. Each unit is equipped with highly sought-after amenities, including decks off the primary bedrooms, convenient in-unit laundry, and additional dedicated storage within the single-car carports. Situated on a large, beautiful lot, the property provides valuable RV and ample uncovered parking. Its location guarantees strong tenant interest and a steady income stream, as it is positioned just minutes from the military base, local schools, shopping, and major amenities. This is a fantastic opportunity to secure a reliable, high-demand asset.

2533 Fir Avenue, Bremerton

Listing courtesy of Redfin.

$489,900

2531046 MLS ⋅ PENDING INSPECTION Status

Add this property to your tour! The favored location offers a very private feel, coupled with sweeping birds' nest views from all levels. Use your bicycle--you are just minutes from the shipyard and ferry. The property offers private outdoor spaces for each unit, shared laundry, and plenty of parking--two-car, detached garage plus ample street parking above and below. The seller has maintained the property well and made many recent capital improvements. In July 2025: new kitchen cabinets, flooring, and counters for the two-bedroom unit. December '25 brought a full attic insulation refresh. Brand New Roof in Jan 2026. Durable LVP flooring throughout. Light, bright and airy. Two electric meters. House hack or great investment? Both.

1906 N Wycoff Avenue, Bremerton

Listing courtesy of Evolution Real Estate Company.

$525,000

2526301 MLS ⋅ ACTIVE Status

Fully remodeled duplex in an excellent central location. Located 2 blocks from Olympic College and less than 1 mi from the Seattle Ferry. Studs-out remodel in 2018, this home features luxury vinyl plank (LVP) flooring throughout. The kitchens offer stainless steel appliances, and rich cherry wood cabinets. A washer and dryer are included for added convenience. Off street parking behind home. A turn-key investment with modern upgrades and reliable income.

1223 11th Street, Bremerton

Listing courtesy of John L. Scott, Inc..

$575,000

2523200 MLS ⋅ PENDING Status

Great opportunity for owner-occupied living with rental income or an excellent investment property! The upper unit (1536) is now vacant and move-in ready, offering approximately 1,624 sq. ft. with 4 bedrooms and 1.5 baths. The main level features a bright kitchen, inviting living room with fireplace, two bedrooms, and a full bath. Upstairs you'll find two additional bedrooms and a half bath, providing flexible living space. The lower unit (1538) offers approximately 900 sq. ft. and is currently rented for $1,485 per month through March 31, 2027, providing immediate rental income to help offset your mortgage. Conveniently located in Bremerton, just minutes from the ferry, Puget Sound Naval Shipyard, shopping, restaurants, parks, and downtown amenities. Showings are for the vacant upper unit only. The occupied lower unit will be shown to serious buyers after viewing the upper unit and prior to submitting an offer. Please note the downstairs unit has interior cameras, and tenants request not to let their cat outside during showings.

1536 Pennsylvania Avenue, Bremerton

Listing courtesy of 360 Real Estate Group.

$1,950,000

2520059 MLS ⋅ ACTIVE Status

Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.

1215 Burwell Street, Bremerton

Listing courtesy of REally Properties Inc.

$410,000

2491005 MLS ⋅ ACTIVE Status

These 1940 cabins offer a unique blend of classic charm and modern convenience in a prime Kitsap Lake location. These 2 homes on a single parcel are nestled in a serene neighborhood. The homes are partially updated making an excellent opportunity for investors or those seeking a cozy home with rental potential. This parcel is zoned R-10 and double listed in the MLS under single family and multifamily listings. Each home is a 1-bedroom, 3/4 bath unit with its own laundry and everything else you may need. This is a prime location, with quality tenants, and strong upside and the type of investment you’ve been waiting for. Units are currently on month-to-month leases, with long term tenants making this a turnkey opportunity. Monthly rent for these units is $1,050/month and $1,100/month and current rates are below market value.

1275 Northlake Way NW, Bremerton

Listing courtesy of eXp Realty.

$6,750,000

2511189 MLS ⋅ PENDING Status

We are pleased to present South Court, a 47-unit multifamily community located in Bremerton. Originally constructed in 1919, the property comprises 26,100 net rentable square feet and features a balanced mix of studio, one-bedroom, and two-bedroom residences, appealing to a broad renter demographic. South Court currently generates $440,679 in net operating income and is offered at an attractive 6.53% in-place Cap Rate, providing investors with strong day-one cash flow. Current rents are approximately 8.24% below market, presenting a clear opportunity to increase revenue through alignment with prevailing market rates. The property also includes 32 surface parking spaces in addition to available street parking, supporting resident convenience and operational stability. The community benefits from convenient access to local employment centers, neighborhood retail amenities, and regional transportation connections throughout the Puget Sound area. Bremerton’s growing economic base and connectivity to the broader region position the asset to capture sustained rental demand and long-term value appreciation.

834 ML King Way Drive, Bremerton

Listing courtesy of Northmarq Multifamily, LLC.

$1,250,000

2509353 MLS ⋅ ACTIVE Status

Bremerton 6 offers high quality, well maintained, and spacious 2 Bedroom-1 Bathroom units. Units are approximately 1000 SF each and include W/D hookups which positions a buyer for a very easy value-add opportunity. The property includes 6 covered parking spaces and 6 storage rooms, making it a very easily rentable asset. Local economic drivers create a strong rental market in Bremerton with historically low vacancy rates. Bremerton 6 positions itself as the perfect property for entry-level or experienced investors through its large, high-quality units and ability to capture additional upside without extensive renovations.

2001 11th Street, Bremerton

Listing courtesy of John L. Scott, Inc.

$375,000

2507233 MLS ⋅ PENDING Status

NEW ROOF! Well-maintained East Bremerton duplex offering flexibility for both investors and owner-occupants. Ideally located just minutes from PSNS, shopping, schools, parks, and the waterfront, this property features two single-level 1-bedroom, 1-bath units across 1,144 total sq ft. Both units have been recently renovated, providing a clean, move-in ready feel with updated interiors and consistent finishes throughout. Each unit includes in-unit laundry and a functional layout that supports strong rental appeal. Brand new gas furnaces for both units and newer windows enhance efficiency, curb appeal, and help reduce future maintenance needs. Situated in an established neighborhood of similar properties, this duplex offers reliable rental demand and versatility. Rent both units for steady income or live in one while the other offsets your mortgage. A solid investment opportunity in a convenient Bremerton location. Seller procured inspection available.

3326 - 3328 Halverson Avenue, Bremerton

Listing courtesy of Windermere RE West Sound Inc..

$1,850,000

2508012 MLS ⋅ PENDING Status

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.

324 S Lafayette Avenue, Bremerton

Listing courtesy of Kidder Mathews.

$624,000

2494422 MLS ⋅ ACTIVE Status

Steady income potential! Large duplex in Bremerton’s Tracyton neighborhood offering a great mix of space, flexibility, and location. Each 1,520sf unit includes four bedrooms, two full bathrooms, comfortable living and dining areas, in-unit laundry hookups, a covered carport space, and private fenced backyards. One side is occupied by a reliable long-term tenant, while the other has been regularly leased but is now available for showings. Located in a quiet, tucked-away setting with easy access to Central Kitsap schools, military bases, shopping, and outdoor recreation, this property is a dependable option for investors or buyers interested in living in one unit while renting the other.

5726 5728 Tracyton Boulevard NW, Bremerton

Listing courtesy of Windermere RE Bainbridge.

$614,900

2491639 MLS ⋅ ACTIVE Status

Excellent views of Sinclair Inlet, Downtown Bremerton plus the Olympic Mtns and a very short walk to the Bremerton foot ferry! The first unit of this duplex property has 1960 SF' w/ 3 bedrooms and two bathrooms. The second unit has 720 SF' w/ 2 bedrooms and one bathroom and both units are in very good condition. This property also has a two car garage. Long-term tenants and both units are generating full market rents! Fantastic location and this opportunity will not be on the market long. See this one today ...

329 Perry Avenue N, Port Orchard

Listing courtesy of Ison Realty.

$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 courtesy of Keller Williams Greater 360.

$749,000

2452331 MLS ⋅ ACTIVE Status

Well maintained Triplex in a great central location, close to Hospital and Freeway access. Good rental history. Live in one unit and rent out the other two! Detached three car garage with storage space is already partitioned providing three individual spaces for optimum tenant privacy and security.

1277 Sherman Avenue, Port Orchard

Listing courtesy of Better Properties Gig Harbor.

$1,295,000

2441377 MLS ⋅ ACTIVE Status

Two homes on over .4 of an acre with 100' of waterfront. Yard is fenced and waterfront has a concrete bulkhead. Mature landscaping with decks, patios and a gazebo on the Waterfront area. The homes a detached and would easily be separate rental units or as a ADU. The smaller home has 1 bedroom, 1 bath with a full kitchen and living room /dining room area. It has an open floor plan with a Great Room setup. The Main home has 1 bedroom up and 3 bedrooms downstairs. It is a classic home with hardwood floors, built in cabinets, plaster walls, leaded windows and gas fireplace in the living area.

3538 Beach Drive E, Port Orchard

Listing courtesy of Great Northwest Real Estate.

$5,250,000

2431025 MLS ⋅ ACTIVE Status

Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.97% cap rate and a 6.08% cash-on-cash return on current rents. The property features 16 spacious two-bedroom townhome-style units and 4 one-bedroom units, averaging 758 SF. Ownership has invested over $1.1M in capital improvements, delivering modern finishes and durable systems throughout—new roofs, Hardie siding, cabinetry, stainless steel appliances, in-unit washers/dryers, upgraded electrical and mechanical systems, and stylish interior updates. The result is a low-maintenance, high cash-flowing asset poised to capture long-term rent growth in one of Kitsap's most desirable waterfront locations.

8755 Shore Place NW, Silverdale

Listing courtesy of Blake Investment Advisors.

$749,900

2425552 MLS ⋅ ACTIVE Status

6-plex features one unit with 0 bedroom and 1 bathroom, four units with 1 bedroom and 1 bathroom, and one unit with 3 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 18% to meet current market rents. Current Cap Rate of 8.55% would be raised to 10.84%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

801 Veneta Avenue, Bremerton

Listing courtesy of Lumin Brokers of Washington.

$749,900

2425557 MLS ⋅ ACTIVE Status

7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 8.76% would be raised to 10.68%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

2135 4th Street, Bremerton

Listing courtesy of Lumin Brokers of Washington.

$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 courtesy of Better Properties Gig Harbor.

$439,000

2274107 MLS ⋅ ACTIVE Status

Investors Wanted! Demolition Done and Ready for a New Look. Down to studs. Transform this Waterfront Duplex into what it deserves! Architectural Plans Available and Permits to approve. Windows ready to install. City Sewer and Water connected. High Bank Waterfront, Private setting, Great Location close to Parks, Ice Skate Rink, Bowling, Ferry to Seattle, DownTown Bremerton, Shopping. Amazing Rental Income to be had!! Owner will consider financing options.

2325 Wheaton Way, Bremerton

Listing courtesy of JKB Brokerage, LLC.

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