Pending · Residential Income

801 Veneta Avenue , Bremerton, WA 98337

Bremerton, WA 98337

$725,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Kidder Mathews · MLS #2568462 · Pending

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About this property

The Veneta apartment offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at a 7% cap rate on in-place income. The property is an older-vintage asset with dated interiors, presenting a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization - a classic value-add play in a market where comparable renovated units command a meaningful rent premium. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, which continues to support steady renter demand and provides a durable, recession-resistant tenant base for well-located multifamily product in the submarket. For an investor seeking a manageable-scale renovation project with an attractive going-in yield and a clear path to stabilized upside, 801 Veneta Ave offers an efficient entry point into the Bremerton multifamily market.

Property details

Property type: Multi Family
Year built: 1912
Lot size: 8,276 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $6,664 (2026)
Parking spaces: 0
School district: Bremerton #100c

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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