Value-Add Multifamily Investment
For Sale
Contact for pricing
Pending
1912 SE Jerry Ln, Port Orchard, WA 98366
Multifamily property with value-add potential in Port Orchard, WA.
Property Size28,095 SF
Days on Market105
Property Features for 1912 SE Jerry Ln
General Information
Standard status
Pending
Size
28,095 SF
Property subtype
Multifamily
Building Details
Year Built
1997
Units
30
Listing Agency:
Kidder Mathews Tacoma
(253) 722-1421
Listed By:
Austin Kelley · License #WA
Source:
Crexi
Added: May 20
Changed: Aug 8
Last Checked: Jul 24 at 3:52PM
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.
Built in 1997, Lund Village offers spacious unit layouts and a value-add opportunity through interior and exterior renovations. Rents are currently below market, presenting a chance to capture rent premiums and increase net operating income through modernization and common area enhancements. The property's location provides access to Highway 16, retail corridors, and employment centers such as Naval Base Kitsap and the Bremerton-Port Orchard job base. This location supports rental demand and positions the asset for workforce housing and investment stability. The property has been well maintained with stable occupancy, offering a solid operational foundation. The unit mix, building quality, and location within a supply-constrained submarket create a repositioning opportunity.
Key Highlights
- Value‑add opportunity through interior and exterior renovations to increase rents.
- Strategic location with immediate access to Highway 16, retail, and major employers (Naval Base Kitsap).
- Below‑market rents offer potential for significant rent premiums.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 98366, WA
36,969
Population
15,391
Households
2.4
Avg Household Size
39
Median Age
26%
College-Educated
94%
High-School Grad
23.4 sq mi
ZIP Area
1,580
Density / Sq Mi
$88,807
Median Household Income
$51,884
Median Earnings
$1,704
Median Rent
$449,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with value-add potential in Port Orchard, WA.
Where is this apartment building located?
The property is located at 1912 SE Jerry Ln Port Orchard, WA.
What are key features of this property?
This property features: Value‑add opportunity through interior and exterior renovations to increase rents.; Strategic location with immediate access to Highway 16, retail, and major employers (Naval Base Kitsap).; Below‑market rents offer potential for significant rent premiums.
