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834 7th St
Bremerton, WA 98337 Downtown Bremerton

$6,750,000 USD

Apartments For Sale  •  31,164 SF

Property Details

  • Property Type Apartments
  • Total Building Size 26,100 SF
  • Lot Size 0.82 AC
  • Building Class C
  • Year Built 1919
  • Zoning DSAP
40 Transit Score
50 Walk Score

Highlights

Rent Growth Opportunity: In-place rents approximately 8.24% below current market levels
Attractive In-Place Yield: $440,679 NOI offered at a 6.53% in-place cap rate
Balanced Unit Mix: Studio, one-bedroom, and two-bedroom residences appealing to a diverse renter base
Historic Asset: Originally constructed in 1919 with enduring presence in the submarket
Parking Component: 32 surface parking spaces plus additional street parking for residents
Strategic Location: Approximately a 5-minute drive from Puget Sound Naval Shipyard

Property Flyers

Amenities

  • Dishwasher
  • Laundry Facilities
  • Property Manager on Site
  • Storage Space
  • Heating
  • Kitchen
  • Hardwood Floors
  • Range

Public Transportation

AirportDriveWalkDistance
Seattle Paine Field International 91 min - 44.1 mi
Tyler Smith 206-333-2724 Northmarq
Tyler Smith 206-333-2724 Northmarq