Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Bremerton Apartments with Parking Title is generated by Realmo AI

    2001 11th St, Bremerton, WA 98337

    View on Map
    Claim this Listing
    For Sale
    $1,325,000

    Well-maintained Bremerton apartments with value-add potential and covered parking.

    Type:Multifamily
    Property size:
    6,000 SF
    Price / SF:
    $220/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 5:40 am

    Property Features for 2001 11th St

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Aimon Heffernan

    Listing agent Aimon Heffernan License #WA: 23029794

    Listing office Seattle Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 Seattle Office

    HighLights

    • Large, well‑maintained 2‑bedroom units (approximately 1000 SF).
    • W/D hookups in each unit offer value‑add potential.
    • Includes 6 covered parking spaces and 6 storage rooms.
    • Strong rental market in Bremerton with historically low vacancy rates.
    • Ideal for both entry‑level and experienced investors.
    • Opportunity to capture additional upside without extensive renovations.

    Overview

    The Bremerton property features well-maintained, spacious 2-bedroom, 1-bathroom units, each approximately 1000 square feet. Units include washer and dryer hookups. The property offers 6 covered parking spaces and 6 storage rooms. Local economic drivers contribute to a strong rental market in Bremerton, characterized by historically low vacancy rates. This property is suitable for both entry-level and experienced investors, offering large, high-quality units and the potential for additional upside without extensive renovations. The property presents a 5.39% capitalization rate.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6452812
    Latitude
    47.5708327

    Nearby Similar for Sale

    • $5,950,000
      11,380 SF

      Downtown Bremerton Customizable Basement Space

      11,380 SF basement space in downtown Bremerton available for lease.
      400 Warren Ave, Bremerton, WA
      View Details
    • $1,190,000
      5,460 SF

      High-Traffic Retail Opportunity in Bremerton

      5,460 SF vacant building with high visibility and traffic.
      3558 Wheaton Way, Bremerton, WA
      View Details
    • $1,280,000
      6,224 SF

      Restaurant Building on Highway 303

      Stand-alone restaurant building with high visibility and development potential.
      5769 Hwy 303, Bremerton, WA
      View Details
    • $1,228,200
      9,188 SF

      Restaurant Building on Kitsap Way

      Near move-in-ready restaurant building with high visibility.
      4180 Kitsap Way, Bremerton, WA
      View Details
    • $1,000,000
      9,000 SF

      Versatile Warehouse Space Available

      9,000 sq ft warehouse with cooler space and loading dock.
      335 N Wycoff Ave, Bremerton, WA
      View Details
    • $1,500,000
      11,340 SF

      Bremerton Industrial/Warehouse Opportunity

      Versatile 11,340 SF building ideal for commercial and industrial use.
      111 Bruenn Ave, Bremerton, WA 98312
      View Details
    • $1,850,000
      6,496 SF

      Bremerton Multifamily Investment Opportunity

      Multifamily property in Bremerton, WA, with 6496 square feet.
      324 S Lafayette Ave, Bremerton, WA 98312
      View Details
    • $3,500,000
      18,250 SF

      Bremerton Auto Row Opportunity

      Former auto body shop on 2.57 acres in Bremerton.
      5150 Auto Center Blvd, Bremerton, WA
      View Details
    • $699,000

      Bremerton Waterfront Office Building

      Office building in Manette neighborhood with waterfront views.
      2025 Wheaton Way, Bremerton, WA
      View Details
    • Contact for pricing
      5,592 SF

      Industrial/Flex/Retail Space Available

      5,592 SF industrial/flex/retail space with fenced yard.
      4001 State Hwy 3 West, Bremerton, WA 98312
      View Details
    • Contact for pricing
      5,592 SF

      Industrial/Flex/Retail Space Available

      5,592 SF industrial/flex/retail space with secured yard.
      4001 State Hwy 3 West, Bremerton, WA 98312
      View Details
    • $500,000
      3,768 SF

      Bremerton Mixed-Use Redevelopment Opportunity

      Five-unit building with redevelopment potential in Bremerton, Washington.
      6323 Kitsap Way, Bremerton, WA 98312
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained Bremerton apartments with value-add potential and covered parking.
    Where is this apartment building located?
    The property is located at 2001 11th St Bremerton, WA.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: Large, well‑maintained 2‑bedroom units (approximately 1000 SF).; W/D hookups in each unit offer value‑add potential.; Includes 6 covered parking spaces and 6 storage rooms.
    (206) 826-5707
    We can help!
    Listing Contact
    Aimon Heffernan
    Real Estate License ID: WA: 23029794
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2001 11th St, Bremerton, WA 98337
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!