152-Unit Apartment Project
For Sale
$1,800,000
Pending
1932 Salmonberry Rd, Port Orchard, WA 98366
Approved site for 152-unit apartment project, commercially zoned.
Property SizeContact for details
Days on Market1217
Property Features for 1932 Salmonberry Rd
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1948
Listing Agency:
G. ANDERSON GROUP, LLC
(360) 373-2343
Listed By:
GARY ANDERSON · License #24306
Source:
Corcoran
Added: Apr 11, 2023
Changed: Aug 8
Last Checked: Aug 8 at 12:05PM
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 G. ANDERSON GROUP, LLC
Investment Insights
Based on property information with market context.
This property presents an opportunity for a 152-unit apartment project. The site has received approval from the Core of Engineers to mitigate a drainage ditch. The property is zoned for commercial mixed-use, and the listing price reflects $19,737 per door for a project with an approved Local Development Approval Process (LDAP).
Key Highlights
- Approved LDAP (Local Development Assistance Program) in place.
- Core of Engineers approval for drainage mitigation, enabling 152‑unit apartment project.
- Price reflects $19,737 per door.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
426
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Approved site for 152-unit apartment project, commercially zoned.
Where is this apartment building located?
The property is located at 1932 Salmonberry Rd Port Orchard, WA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approved LDAP (Local Development Assistance Program) in place.; Core of Engineers approval for drainage mitigation, enabling 152‑unit apartment project.; Price reflects $19,737 per door.
