801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
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Tyler Morgan

Tyler Morgan

+1(509) 993-3408
Listed by:Kidder Mathews • David A. Kelley
$ 725,000
Est. payment | /mo

8 Beds

6 Baths

8,276 Sqft Lot

Save
$ 725,000
Est. payment | /mo
Save

8 Beds

6 Baths

8,276 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Bremerton

MLS Listing ID 2568462

Style 55 - 5-9 Units

Bedrooms 8

Year Built 1912

Annual Tax Amount $6,664

Lot Size 8,276 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Kitsap

Area 148 - West Bremerton

Interior

Flooring Ceramic Tile

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N Yes

View Territorial

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Bremerton #100C

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Tyler Morgan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 993-3408

tyler@mdgresidential.com

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801 Veneta AVE