Discover a prime investment opportunity with this 7-unit apartment complex, offering consistent rental income potential year-round.The property's location ensures a steady flow of tenants, with Olympic College, the Bremerton-Seattle ferry, and the Puget Sound Naval Shipyard all within minutes of the property. A new roof was installed in 2015 and select units were remodeled in 2018.There is a spacious laundry room with coin operated machines for additional revenue. Each unit has additional storage available. Three of the units have designated parking spaces available. Evergreen Park is a block from the property for tenants who enjoy outdoor activities. Currently at an 8% cap rate!
Active
Listed by:
Brett W Warner,
Coldwell Banker Bain,
Betsy Tarpley,
Coldwell Banker Bain
$895,000
1345 Elizabeth Avenue, Bremerton, WA 98337
1beds
7baths
3,662sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$873,000 Zestimate®
$244/sqft
$-- HOA
What's special
Spacious laundry roomDesignated parking spacesCoin operated machines
- 45 days
- on Zillow |
- 154 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: April 18, 2025 at 03:28pm
Listed by:
Brett W Warner,
Coldwell Banker Bain,
Betsy Tarpley,
Coldwell Banker Bain
Source: NWMLS,MLS#: 2343185

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 7
Heating
- Forced Air
Cooling
- None
Features
- Flooring: Vinyl, Carpet, Wall to Wall Carpet
- Has fireplace: No
Interior area
- Total structure area: 3,662
- Total interior livable area: 3,662 sqft
Property
Parking
- Total spaces: 3
- Parking features: Open
- Uncovered spaces: 3
Lot
- Size: 3,049.2 Square Feet
- Features: Curbs, Paved, Sidewalk
Details
- Parcel number: 37640000020008
- Zoning description: Multi-Family,Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1920
- Major remodel year: 1920
Utilities & green energy
- Electric: Company: PSE
- Sewer: Sewer Connected, Company: City of Bremerton
- Water: Public, Company: City of Bremerton
- Utilities for property: Xfinity, Xfinity
Community & HOA
Community
- Subdivision: Bremerton
Location
- Region: Bremerton
Financial & listing details
- Price per square foot: $244/sqft
- Annual tax amount: $6,189
- Date on market: 3/22/2025
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 36 days
- Loading
- Loading