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8-Unit Apartment Property with Updates
For Sale
$1,975,000

2821 2831 Ne Center Street 1-8, Bremerton, WA 98310

Two well-maintained buildings offer townhouse-style layouts and in-unit laundry.

Property SizeContact for details
Days on Market13

Property Features for 2821 2831 Ne Center Street 1-8

General Information

Standard status Active

Units

Unit Mix 8 x 2BR/1BA
Multifamily Units 8

Amenities

in-unit washer and dryer

Building Details

Year Built 1941
Buildings 2
Listing Agency: Keller Williams Downtown Sea
Listed By: Nicholas T. Vilvandre · License #107068
Source: Livnserverealestate
Added: Aug 17 Changed: Aug 28 Last Checked: Aug 29 at 12:15PM

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 Keller Williams Downtown Sea

Investment Insights

Based on property information with market context.

This 8-unit apartment property comprises two well-maintained buildings with four townhouse-style residences in each. Every unit includes 2 bedrooms, 1 bathroom, an in-unit washer and dryer, and access to on-site parking. Interior and exterior improvements include renovated kitchens and bathrooms, LVP flooring, updated paint, new furnaces, roof replacements, plumbing and electrical work, siding repairs, and select windows, doors, water heaters, and appliances. Capital improvements and repairs have been completed since 2022.

Located in Bremerton near Naval Base Kitsap and the Puget Sound Naval Shipyard, the property is operating at a stabilized 6.15% cap rate based on existing leases and stated operating expenses. The address is 2821 and 2831 NE Center Street, with units numbered 1–8.

Key Highlights

  • 8‑unit apartment property across two buildings
  • Four 2‑bedroom, 1‑bathroom townhouse‑style units in each building
  • All units include in‑unit washer and dryer

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Big Box & Wholesale Store Auto Parts Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

196
Businesses Nearby

Demographics for 98310, WA

21,580
Population
9,635
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
92%
High-School Grad
5.5 sq mi
ZIP Area
3,924
Density / Sq Mi
$73,292
Median Household Income
$43,305
Median Earnings
$1,559
Median Rent
$421,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two well-maintained buildings offer townhouse-style layouts and in-unit laundry.
Where is this apartment building located?
The property is located at 2821 2831 Ne Center Street 1-8 Bremerton, WA.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 8‑unit apartment property across two buildings; Four 2‑bedroom, 1‑bathroom townhouse‑style units in each building; All units include in‑unit washer and dryer
More about this property
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