Active · Residential Income

8755 Shore Place NW, Silverdale, WA 98383

Silverdale, WA 98383

$5,200,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Blake Investment Advisors · MLS #2431025 · Active

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About this property

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.

Property details

Property type: Multi Family
Year built: 1942
Lot size: 42,253 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $26,340 (2025)
School district: Bremerton #100c

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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