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$5,250,000
76 Days On Site
8755 Shore Place NWSilverdale, WA 98383
For Sale|Multi Family|Active
0
Beds
0
Total Baths
15,160
SqFt
$346
/SqFt
1942
Built
Cumulative Days On Market:
77
Subdivision:
Silverdale
County:
Kitsap
Courtesy of NWMLS
Listing courtesy of Gabe Blake of Blake Investment Advisors
Listing courtesy of Gabe Blake of Blake Investment Advisors
Call Now: (360) 507-3775
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(360) 507-3775
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Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.93% cap rate and a 6.56% 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.
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Listing Snapshot
Price
$5,250,000
Days On Site
76 Days
Bedrooms
N/A
Inside Area (SqFt)
15,160 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.97 Acres
Year Built
1942
MLS® Number
2431025
Status
Active
Property Tax
$25,622
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 months ago | Listing updated with changes from the MLS® | |
| 3 months ago | Listing first seen on site |
General Features
Acres
0.97
Foundation
Slab
Number Of Stories
2
Parking Spaces
36
Property Condition
Updated/Remodeled
Property Sub Type
Multi Family
SqFt Total
15160
Utilities
Sewer Connected
Water Source
Public
Interior Features
Flooring
Vinyl
Heating
ElectricForced Air
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Exterior Features
Construction Details
Wood Siding
Lot Features
Waterfront
Roof
Metal
Waterfront
Yes
Waterfront Features
Ocean FrontWaterfront
Community Features
Financing Terms Available
Conventional
MLS Area
147 - Silverdale
School District
Bremerton #100c
Schools
School District
Bremerton #100c
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Gabe Blake of Blake Investment Advisors
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-11-23 05:00 PM PST
Listing courtesy of Gabe Blake of Blake Investment Advisors
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-11-23 05:00 PM PST
Neighborhood & Commute
Source: Walkscore
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