629 Highland, Bremerton, WA 98337
Courtesy of Kidder Mathews
- $685,000
- List Price
- $685,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2571193
- Subtype
- Residential Income
- Style
- 55 - 5-9 Units
- Year Built
- 1910
- Lot Size
- 4,792
- Acres
- 0.11
- Subdivision
- Bremerton
- Neighborhood
- Bremerton
- MLS Area Major
- West Bremerton
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.
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Additional Information
- Exterior Features
- Wood Products
- Property Description
- 55 - 5-9 Units
- Heating
- Forced Air
- Air Conditioning
- None
- Roof
- Flat
- School District
- Bremerton #100c
- View
- Partial
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