8755 Shore Place NW Silverdale, WA 98383
8755 Shore Place NW
Silverdale, WA 98383
$5,250,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
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.
Property Features
Community: Silverdale
10+ Units
Waterfront:
Exterior: Wood Products
Roof: Metal
Year Built: 1942
2025 Taxes: $25622.00
Buyer Broker Comp.: 1.5%
Listing #: 2431025
Lot Details
Lot Size: 0.97 acres
No. of Units: 20
Interior
Cooling: None
Heating: Forced Air
Electric
Schools
District: Bremerton #100c
Call or Email:
Grace Wamwere
What's Near 8755 Shore Place NW Silverdale, WA 98383?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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