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No HOA
Street View
Listed by: Gabe Blake (206) 618-2207 , Josh Blake (206) 619-3719 | Blake Investment Advisors (206) 618-2207
$5,200,000
Monthly Est:$25,882
36 Beds
20 Baths
15,160sqft
8755 Shore Pl NW, Silverdale, WA 98383
$5,200,000
$25,882/moEst:
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Multi Family
Built in 1942
$-- HOA
42,253 sqft lot
$343/sq.ft
Description
Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.97% cap rate and a 6.08% 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.
- Houzeo last checked: 11 hours ago
- Listing updated: September 17, 2026 at 6:37 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2431025
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1942
HOA Fees
-
Finished Area
15,160 sqft
Lot Size
42,253 sqft lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2431025
MLS Status
Active
Days on Market
388
Cumulative Days on Market
388
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 36
Bathrooms: 20
Interior
Heating
Forced Air
Cooling
None
Sewer
Sewer Connected
Flooring
Vinyl Plank
Exterior Features
Wood Products
Construction
Year Built
Year Built: 1942
Home type
Multi Family
Roof
Metal
Foundation Details
Slab
Property Condition
Updated/remodeled
Construction Materials
Wood
Utilities & Energy
Water Source
Public
Other Features
Subdivision Name
Silverdale
Price History
| Date | Event | Price |
|---|---|---|
09/08/2025 Source: | Listed for Sale | $5,200,000 -0.95% $343/sqft |
09/08/2025 Source: | Price Increased | $5,250,000 +0.96% $346/sqft |
09/08/2025 Source: | Price Increased | $5,200,000 +550.00% $343/sqft |
10/27/2012 Source: | Sold | $800,000 $53/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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