Property Details

834 Dr ML King Way

Bremerton, WA 98337

$6,750,000

Off Market

CBA# 710911 courtesy of CBA Listing firm: Northmarq Multifamily LLC

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Commercial

Property Type

31,164

Bldg Sq Ft

Units

1919

Year Built

Property Overview

We are pleased to present South Court, a 47-unit multifamily community located in Bremerton. Originally constructed in 1919, the property comprises 26,100 net rentable square feet and features a balanced mix of studio, one-bedroom, and two-bedroom residences, appealing to a broad renter demographic.South Court currently generates $440,679 in net operating income and is offered at an attractive 6.53% in-place Cap Rate, providing investors with strong day-one cash flow. Current rents are approximately 8.24% below market, presenting a clear opportunity to increase revenue through alignment with prevailing market rates. The property also includes 32 surface parking spaces in addition to available street parking, supporting resident convenience and operational stability.The community benefi