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.
| MLS # | 2571193 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 19 |
| Listing Provided By | Kidder Mathews | David A. Kelley |
| SQ Feet | 4,540 |
|---|---|
| Story(s) | 2 |
| Units | 6 |
| Zoning | Multi-Family |
| Acreage | 0.11 |
| Property View | Yes |
| Property | 5652 |
|---|
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98337 |
| Area | 148 West Bremerton |
| Community Name | Bremerton |
| Listing VS Median (in Bremerton) | |
Price: $685,000 low | high Med: $520,000 sqft: 4,540 low | high Med: 1,982 $ / sqft: $151 low | high Med: $262 On site: 19 low | high Med: 45 | |
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98337 |
| Area | 148 West Bremerton |
| Community Name | Bremerton |
| Listing VS Median (in Bremerton) | |
Price: $685,000 low | high Med: $520,000 sqft: 4,540 low | high Med: 1,982 $ / sqft: $151 low | high Med: $262 On site: 19 low | high Med: 45 | |