Listing Provided Courtesy of Gabe Blake at Blake Investment AdvisorsWaterfront 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.
Property Details
Price:
$5,200,000
MLS #:
NWM2431025
Status:
Active
Beds:
36
Baths:
20
Type:
Multi Family
Subdivision:
Silverdale
Neighborhood:
147silverdale
Listed Date:
Sep 8, 2025
Finished Sq Ft:
0
Total Sq Ft:
15,160
Lot Size:
42,253 sqft / 0.97 acres (approx)
Year Built:
1942
Units:
20
See this Listing
Schools
School District:
Bremerton #100c
Interior
Cooling
None
Flooring
Vinyl Plank
Heating
Forced Air
Exterior
Construction Materials
Wood
Exterior Features
Wood Products
Open Parking Spaces
36
Open Parking YN
1
Roof
Metal
Waterfront Features
Ocean Front
Financial
Tax Year
2025
Taxes
$26,340
Map
Community
- Address8755 Shore Place NW Silverdale WA
- SubdivisionSilverdale
- CitySilverdale
- CountyKitsap
- Zip Code98383
Subdivisions in Silverdale
Market Summary
Current real estate data for Multi Family in Silverdale as of Oct 06, 2026
1
Multi Family Listed
393
Avg DOM
343
Avg $ / SqFt
$5,200,000
Avg List Price
Property Summary
- Located in the Silverdale subdivision, 8755 Shore Place NW Silverdale WA is a Multi Family for sale in Silverdale, WA, 98383. It is listed for $5,200,000 To schedule a showing of MLS#nwm2431025 at 8755 Shore Place NW in Silverdale, WA, contact your The Agency Bainbridge Island agent at 2068668002.
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© 2026 Northwest Multiple Listing Service as distributed by MLS GRID.
represents listings courtesy of NWMLS. Listed by Blake Investment Advisors.
Disclaimer: Based on information submitted to the MLS GRID as of Oct-06-2026 9:58:39 am. 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.
Copyright 2026. All rights reserved.
represents listings courtesy of NWMLS. Listed by Blake Investment Advisors.Disclaimer: Based on information submitted to the MLS GRID as of Oct-06-2026 9:58:39 am. 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.
Copyright 2026. All rights reserved.
8755 Shore Place NW
Silverdale, WA
