Bremerton Multifamily Investment
324 S Lafayette Ave Bremerton, WA 98312
324 S Lafayette Ave, Bremerton, WA, 98312
$1,850,000
For Sale
$1,850,000
Multifamily property in Bremerton, WA, with 6496 square feet.
Property Size6,496 SF
Price / SF$284.79
Days on Market106
Property Features for 324 S Lafayette Ave
General Information
- Standard status
- Active
- Size
- 6,496 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1978
Listing agency
Kidder Mathews - Tacoma
(253) 274-4929
Listed by
Elijah Piper · License #22023338
(253) 274-4929
Source
Kidder
Added: Apr 8 Updated: Jul 10 at 1:14PM Checked: Jul 7 at 11:53PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews - Tacoma
Investment Insights
Based on property information with market context.
This multifamily property is located in Bremerton, Washington. The property offers 6496 square feet of space. It is classified as a residential income property and presents an investment opportunity.
Key Highlights
- Multifamily property: Ideal for investors or those seeking rental income.
- Located in Bremerton, WA: Benefit from the area's amenities.
- Sizeable property: 6496 square feet provides ample space.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $140.3k | $21.60 |
| − Vacancy | −$13.2k | −$2.03 |
| EGI | $127.1k | $19.57 |
| − OpEx | −$57.2k | −$8.81 |
| NOI | $69.9k | $10.76 |
6,496 SF · lease $21.60/SF/yr · vacancy 9.40% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$998.8K
$874.0K – $1.17M
NOI $69,918 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.17M
$1.90M – $2.53M
NOI $151,626 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property in Bremerton, WA, with 6496 square feet.
Where is this multifamily property located?
The property is located at 324 S Lafayette Ave Bremerton, WA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Multifamily property: Ideal for investors or those seeking rental income.; Located in Bremerton, WA: Benefit from the area's amenities.; Sizeable property: 6496 square feet provides ample space.
