Bremerton Multifamily Investment
For Sale
$1,850,000
324 S Lafayette Ave, Bremerton, WA 98312
Multifamily property in Bremerton, WA, with 6496 square feet.
Property Size6,500 SF
Price / SF$284.79
Days on Market199
Property Features for 324 S Lafayette Ave
General Information
Standard status
Active
Size
6,500 SF
Class
C
Property subtype
Multifamily
Building Details
Building Size
6,500 SF
Year Built
1978
Buildings
1
Listing Agency:
Kidder Mathews - Tacoma
Listed By:
Elijah Piper · License #22023338
(253) 274-4929
Source:
Kidder
Added: Apr 8
Changed: Aug 8
Last 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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,918
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,360
$1.4M
Cap Rate 7%
$998,829
$998.8K
Cap Rate 9%
$776,867
$776.9K
Market Conditions
NOI Build-Up for 6,496 SF
Gross rent
$140.3K $21.60/SF
− Vacancy
−$13.2K −$2.03/SF
EGI
$127.1K $19.57/SF
− OpEx
−$57.2K −$8.81/SF
NOI
$69.9K $10.76/SF
Area
Kitsap County, WA
Vacancy
9.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,360
Cap Rate 7%
$998,829
Cap Rate 9%
$776,867
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 authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
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Business Placement
Demographics for 98312, WA
33,405
Population
14,450
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
96%
High-School Grad
65.7 sq mi
ZIP Area
508
Density / Sq Mi
$85,332
Median Household Income
$50,416
Median Earnings
$1,601
Median Rent
$430,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
