Listing provided courtesy of Blake Investment AdvisorsNWMLSas Distributed by MLSGrid- MLS# NWM2431025
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Request Info8755 Shore Place NWSilverdale, WA 98383
Multi-Family · 36 Beds · 15,160 Sq. ft. | 0.97 Acres$5,250,000
Active
8755 Shore Place NW Overview
- Visits:
- 13
Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.97% cap rate and a 6.08% 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.
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8755 Shore Place NW Facts & Features
- Type Multi-Family
- Sq. ft. 15,160
- Price/Sq.ft. $346
- Lot 0.97 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Bremerton #100c
Income/Expenses
- Other Expense: 41336
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 406680
- Insurance Expense: 11928
- Net Operating Income: 313405
- Total Expenses: 111221
- Total Monthly Income: 37080
- Water/Sewer/Garbage: 31617
Building Information
- New Construction: No
- Year Built: 1942
Location/Region
- Country: US
- County Or Parish: Kitsap
- MLS Area Major: 147 - Silverdale
- Subdivision Name: Silverdale
Tax Information
- Tax Annual Amount: $26,340.00
- Tax Year: 2025
General Information
- Listing Terms: Conventional
- Parcel Number: 44630000060204
- Property Condition: Updated/Remodeled
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 15160
- Building Area Units: Square Feet
- Calculated Square Footage: 15160
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Vinyl Plank
- Foundation Details: Slab
- Heating: Yes
- Leasable Area: 15160
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking Spaces: 36
- Open Parking: Yes
- Parking Uncovered Spaces: 36
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.97
- Lot Size Square Feet: 42253
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront Features: Ocean Front
- Waterfront: Yes
Building Exterior/Construction
- Roof: Metal
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood Products
- Number Of Units Total: 20
- Sewer: Sewer Connected
Unit Information
Unit 19 Details
- Actual Rent: 1450
- Beds Total: 1
- Baths Total: 1
Unit 20 Details
- Actual Rent: 1450
- Beds Total: 1
- Baths Total: 1
Unit 17 Details
- Actual Rent: 1470
- Beds Total: 1
- Baths Total: 1
Unit 18 Details
- Actual Rent: 1470
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1695
- Beds Total: 2
- Baths Total: 1
Unit 5 Details
- Actual Rent: 1695
- Beds Total: 2
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1695
- Beds Total: 2
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1695
- Beds Total: 2
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1695
- Beds Total: 2
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1730
- Beds Total: 2
- Baths Total: 1
Unit 16 Details
- Actual Rent: 1730
- Beds Total: 2
- Baths Total: 1
Unit 11 Details
- Actual Rent: 1730
- Beds Total: 2
- Baths Total: 1
Unit 12 Details
- Actual Rent: 1730
- Beds Total: 2
- Baths Total: 1
Unit 14 Details
- Actual Rent: 1730
- Beds Total: 2
- Baths Total: 1
Unit 9 Details
- Actual Rent: 1750
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1760
- Beds Total: 2
- Baths Total: 1
Unit 15 Details
- Actual Rent: 1800
- Beds Total: 2
- Baths Total: 1
Unit 10 Details
- Actual Rent: 1815
- Beds Total: 2
- Baths Total: 1
Unit 8 Details
- Actual Rent: 1890
- Beds Total: 2
- Baths Total: 1
Unit 13 Details
- Actual Rent: 1910
- Beds Total: 2
- Baths Total: 1
8755 Shore Place NW Neighborhood
Community
98383 (Silverdale) Demographics
38
Median Age
1,169
Population Density (per sq. mile)
47%
College Educated
$88,893
Estimated Median Income
4,895
Estimated Total Home Owners
4,158
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.8755 Shore Place NW Monthly Cost
8755 Shore Place NW Market Data
Based on the last 30 days in this zip code
$621,667
Average List Price
$296
Average Price per Square Foot
18
Properties Sold
51
Average Days on Market
75
Properties for Sale
8755 Shore Place NW History
| Date | Value | Agent |
|---|---|---|
| 9/8/2025Source: NWMLS | September 08, 2025 |