Property Details
801 Veneta Avenue
Bremerton, WA 98337
$725,000
Active
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Property Overview
The Veneta apartment offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at a 7% cap rate on in-place income. The property is an older-vintage asset with dated interiors, presenting a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization – a classic value-add play in a market where comparable renovated units command a meaningful rent premium. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, which continues to support steady renter demand and provides a durable, recession-resistant tenant base for well-located multifamily product in the submarket. For an investor seeking a manageable-scale renovation project with an attractive going-in yield and a clear path to stabilized upside, 801 Veneta Ave offers an efficient entry point into the Bremerton multifamily market.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Kitsap
Neighborhood
Bremerton
Listed
Aug 12, 2026
Structure Type
Multi Family
Parcel Number
38110060010009
Tax & HOA
Annual Property Tax
$6,664 (2026)
Est. Monthly Tax
$555/mo
Financial Summary
Cap Rate
7.00%
Net Operating Income
$50,750
Gross Scheduled Income
$95,460
Gross Rent Multiplier
7.60
Total Expenses
$39,940
Vacancy Rate
5.0%
Building & Use
Leasable Area
4,600 sqft
Total Units
6
Zoning
Multi-Family
Possible Use
Multi-Family
Year Built
1912
Exterior & Lot
Lot Size
0.19 sqft
Year Built
1912
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood Products
Community & Access
Directions
Take S 13th Wye St to I-705 S / Take WA-16 W to WA-3 N in Gorst / Continue on WA-3 N. Take WA-304 E to Veneta Ave in Bremerton
Location
City
Bremerton
County
Kitsap
Coordinates
47.56904, -122.63874
Additional Information
Tax Year
2026
Annual Taxes
$6,664
Possession
Array
Based on information submitted to the MLS GRID as of August 12, 2026 10:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
