801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
801 Veneta AVE, Bremerton, WA 98337
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by:Kidder Mathews • David A. Kelley
$ 725,000
Est. payment | /mo

8 Beds

6 Baths

8,276 Sqft Lot

Save
$ 725,000
Est. payment | /mo
Save

8 Beds

6 Baths

8,276 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Subdivision Bremerton

MLS Listing ID 2568462

Style 55 - 5-9 Units

Bedrooms 8

Year Built 1912

Annual Tax Amount $6,664

Lot Size 8,276 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Kitsap

Area 148 - West Bremerton

Interior

Flooring Ceramic Tile

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N Yes

View Territorial

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Bremerton #100C

Others

Senior Community No

Acceptable Financing Conventional

Listing Terms Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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801 Veneta AVE