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Property profile & analytics
FOR SALE
Land

1943 Wheaton Way Bremerton, WA 98310

63,598 SF 1.46 ac lot
Entity Owned 1-yr Hold
Property ID
US90-3181431
Property summary
AI-generated overview

This exceptional investment opportunity presents a 110-unit apartment building situated on a sizable 1.46-acre lot in Bremerton, Washington. The property, located at 1943 Wheaton Way, boasts a substantial 63,598 square feet of building space. The asking price for this multifamily property is $4,200,000. The property is zoned EVSAP, providing significant potential for future development or expansion. Given its size and unit count, this complex offers a strong potential for rental income and significant return on investment. The property's location in Kitsap County, Washington, zip code 98310, provides convenient access to local amenities and transportation. All entitlements are in place for the 110 units, making this a turnkey investment ready for immediate operation or further development. The substantial lot size offers ample space for potential future expansion or improvements. This is a rare opportunity to acquire a well-established, multifamily property in a desirable location with significant upside potential. Detailed financial information and property reports are available upon request. Serious inquiries only.

Property profile
Verified
Property type Land
Total area 63,598 SF
Lot 1.46 ac (63,598 SF)
UPID US90-3181431
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mgp Beacon Guaranty LLC · 1 yrs held
Mgp Beacon Guaranty LLC
since 2024
7 recorded transactions
2024
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2016
$375,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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