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$ 5,250,000
-
$5,250,000
Price -
36
Bed -
20
Bath -
15,160
SqFt
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About the Listing 7913 - 146115,28191
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.
Listing Highlights
Status
Active
Days on Site
68
Property Type
Multi-Family
MLS ®
2431025
Year Built
1942
Total Square Footage
15,160
Lot/Acreage
0.97
Interior Details
- Bedrooms: 36
- Bathrooms: 20 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Ocean Front
- Garage Capacity: N/A
- Parking Spaces: 36
- Roof: Metal
- Others: Wood Products,Updated/Remodeled
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $25,622
- Taxes w/Assessments: N/A
- Tax/Property ID: 44630000060204
- Tax Year: 2025
Payment Calculator
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Questions About..
8755 Shore Pl NW Silverdale, WA 98383
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