Listing Provided Courtesy of Blake Investment AdvisorsWaterfront 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.
Property Details
Price:
$5,250,000
MLS #:
NWM2431025
Status:
Active
Beds:
36
Baths:
20
Address:
8755 Shore Place NW
Type:
Multi Family
Subdivision:
Silverdale
Neighborhood:
147silverdale
City:
Silverdale
Listed Date:
Sep 8, 2025
State:
WA
Finished Sq Ft:
15,160
Total Sq Ft:
15,160
ZIP:
98383
Lot Size:
42,253 sqft / 0.97 acres (approx)
Year Built:
1942
Units:
20
See this Listing
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Schools
School District:
Bremerton #100c
Interior
Cooling
None
Flooring
Vinyl Plank
Heating
Forced Air
Exterior
Construction Materials
Wood
Exterior Features
Wood Products
Parking Spots
36
Roof
Metal
Financial
Tax Year
2025
Taxes
$25,622
Map
Community
- Address8755 Shore Place NW Silverdale WA
- SubdivisionSilverdale
- CitySilverdale
- CountyKitsap
- Zip Code98383
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Listing courtesy of Blake Investment AdvisorsThe database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID. NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Feb-12-2026 10:29:28 am. © 2026 NWMLS.
8755 Shore Place NW
Silverdale, WA
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