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Listed by: Max Frame (360) 705-2800 | Kidder Mathews (360) 705-2800
$1,850,000
Monthly Est:$9,208
16 Beds
8 Baths
6,496sqft
324 S Lafayette Ave, Bremerton, WA 98312
$1,850,000
$9,208/moEst:
Get Pre-Approved
Multi Family
Built in 1978
$-- HOA
6,970 sqft lot
$285/sq.ft
Description
Located in rapidly growing Kitsap County, this property offers investors a compelling combination of stable market fundamentals, recent capital improvements, and proven rental upside. Backed by landlord-friendly policies and a federally anchored employment base, the area is well positioned for long-term demand and investment durability. The asset presents clear operational upside, with recent leases achieving $1,680 and $1,690, helping validate continued rent growth potential. Additional income opportunities may be realized through laundry, parking, and RUBS implementation. The property also benefits from excellent transportation access, with ferry, bus, and direct highway connections linking residents to the broader Puget Sound employment base. Over the past four years, approximately $246,000 has been invested in major capital improvements, including a new roof, all-unit window replacements, full electrical panel upgrades, and water heater replacements throughout. With key systems already addressed, new ownership steps into a well-maintained asset with limited deferred maintenance risk. An enclosed, covered parking garage further distinguishes the property, offering a valuable amenity in a submarket where many competing rental properties lack secured parking. This is an opportunity to acquire a well-maintained asset with both immediate strength and future upside.
- Houzeo last checked: 11 hours ago
- Listing updated: September 25, 2026 at 2:23 am
- Source: Northwest Multiple Listing Service | MLS#: NWM2508012
Property Details
Status
Pending
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1978
HOA Fees
-
Finished Area
6,496 sqft
Lot Size
6,970 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2508012
MLS Status
Pending
Days on Market
169
Cumulative Days on Market
165
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 16
Bathrooms: 8
Interior
Flooring
Vinyl Plank
Exterior Features
Wood
Sewer
Sewer Connected
Heating
Baseboard
Cooling
None
Construction
Year Built
Year Built: 1978
Home type
Multi Family
Roof
Composition
Property Condition
Good
Foundation Details
Poured Concrete
Construction Materials
Wood
Other Features
Lot Features
Curbs
Subdivision Name
Bremerton
Price History
| Date | Event | Price |
|---|---|---|
07/21/2026 Source: | Pending | $1,850,000 $285/sqft |
04/15/2026 Source: | Listed for Sale | $1,850,000 +13.85% $285/sqft |
01/21/2022 Source: | Sold | $1,625,000 $250/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 01, 2026, 02:47PM. 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, noncommercial use; it may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing, that the data is deemed reliable, but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any and as amended from time to time. © 2025 Northwest Multiple Listing Service. All Rights Reserved.
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