About this home
627 Highland Ave — Bremerton, WA 98337 This offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at $685,000 and offered at a 7% cap rate on in-place income. Built in 1910, the property represents classic older-vintage Bremerton housing stock, offering a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization as units turn. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, supporting steady renter demand and a durable tenant base for well-located multifamily product in the submarket. For an investor seeking an attractive going-in yield with a manageable-scale renovation opportunity, 627 Highland Ave offers an efficient, well-priced entry point into the Bremerton multifamily market.
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Courtesy of Kidder Mathews. The data relating to real estate for sale on this site comes in part from the Northwest Multiple Listing Service (NWMLS). Listings held by brokerage firms other than this brokerage are marked by the three-tree symbol; detailed information about such listings includes the name of the listing brokerage. This information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. All information is deemed reliable but not guaranteed and should be independently verified.
Based on information from the Northwest Multiple Listing Service as of August 19, 2026.