8755 Shore Place NW, Silverdale, WA 98383

Property 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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 10:19PM

Listing Office:

Blake Investment Advisors : 206-618-2207

Listing Agent:

Gabe Blake : 206-618-2207

MLS ID:

2431025

Interior

• Flooring: Vinyl Plank
• A/C: None
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Wood Products

Construction

• Roofing: Metal
• General: 56 - 10+ UnitsSlab

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Bremerton #100c
• County: Kitsap

Lot

• Zoning: 44630000060204

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls