Silverdale, WA 98383 8755 Shore Place NW
$5,250,000
19 more
Presented By: Blake Investment Advisors and NWMLS
- MLS# 2431025
- 09/08/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 15,160
Home Details
Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.93% cap rate and a 6.56% cash-on-cash return on current rents. The property features 16 spacious two-bedroom townhome-style units and 4 one-bedroom units, averaging 758 SF. Ownership has invested over $1.1M in capital improvements, delivering modern finishes and durable systems throughout—new roofs, Hardie siding, cabinetry, stainless steel appliances, in-unit washers/dryers, upgraded electrical and mechanical systems, and stylish interior updates. The result is a low-maintenance, high cash-flowing asset poised to capture long-term rent growth in one of Kitsap’s most desirable waterfront locations.
Presented By: Blake Investment Advisors and NWMLS
Interior Features for 8755 Shore Place NW
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 8755 Shore Place NW
Assoc/CICMulti-Family
Building Area UnitsSquare Feet
Cap Rate5.93
Carport Spaces
Carport Y/NNo
CitySilverdale
CoolingNone
CountyKitsap
DirectionsDrive on Silverdale Way
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingForced Air
High School DistrictBremerton #100c
Insurance Expense9300
Leasable Area15160
Listing TermsConventional
Lot Size Square Feet42253
Lot Size UnitsSquare Feet
MLS Area147 – Silverdale
ModificationTimestamp2025-09-08T23:43:14.104Z
NWM_ShowMapLinkY
Net Operating Income311098
New ConstructionNo
Number Of Units Total20
Open Parking Spaces36
PossessionClosing
Property ConditionUpdated/Remodeled
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWaterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.93% cap rate and a 6.56% cash-on-cash return on current ren
RoofMetal
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSilverdale
Tax Annual Amount25622
Tax Year2025
Units Below Gradefalse
Units In Building Total20
Water Sewer Garbage30527
Waterfront FeaturesOcean Front
Year Built1942
Exterior for 8755 Shore Place NW
Building Area Total15160
Covered Spaces
Exterior AmenitiesWood Products
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Size Acres0.97
Parking Uncovered Spaces36
Total Parking36
Water SourcePublic
Waterfront Y/NYes
Additional Details
Price History
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