2821 2831 NE Center Street Unit #1-8, Bremerton, WA 98310
- $1,925,000
- 6,080
- SqFt
Listing courtesy of Keller Williams Downtown Sea.
- List Price
- $1,925,000
- Status
- ACTIVE
- MLS#
- 2563357
- Price Change
- ▼ $50,000 1787687811
- Days on Market
- 44
- Style
- 55 - 5-9 Units
- Finished SqFt
- 6,080
- Area Total SqFt
- 6080
- Annual Tax Ammount
- 11420
- Lot Size (sq ft)
- 15,682
- Sewer
- Septic Tank
Property 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.
Additional Information
- List Date
- 2026-08-05 19:58:24
- Community
- Enetai
- Net Operating Income
- $121,452
- Gross Adjusted Income
- $155,394
- Gross Scheduled Income
- $160,200
- Total Monthly Income
- $13,350
- Insurance Expenses
- $3,162
- Water/Sewer/Garbage Expenses
- $10,500
- Gross Rent Multiplier
- 12.02
- Total Expenses
- $33,942
- Cap Rate
- 6.31
- Vacancy Rate
- 3
- Total Number of Units
- 8
- Unit Name
- 2821 2831
- Potential Terms
- Cash, Conventional
- Year Built
- 1941
- Roof
- Composition
- Electric Expenses
- 1100
- Other Expenses
- 7160
- Energy Source
- Electric, Natural Gas
- School District
- Bremerton #100c
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $13,350
- Gross Scheduled Income
- $160,200
- Vacancy Rate
- 3
- Gross Adjusted Income
- $155,394
- Tax Year
- 2025
- Insurance Expense
- $3,162
- W/S/G Expenses
- $10,500
- Total Expenses
- $33,942
- Net Operating Income
- $121,452
- Gross Rent Multiplier
- 12.02
- Cap Rate
- 6.31
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.