$6,750,000
834 ML King Way Drive, Bremerton, WA 98337
31,164 Sq Ft
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834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337
834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337 834 ML King Way Drive, Bremerton, WA 98337

MLS #2511189 / Listing provided by NWMLS .

$6,750,000

834 ML King Way Drive
Bremerton, WA 98337

Active 1 day ago
31,164
Sq Ft
$217
Per Sq Ft
1919
Year Built

Northmarq is pleased to present South Court, a 47-unit multifamily community located in Bremerton. Originally constructed in 1919, the property comprises 26,100 net rentable square feet and features a balanced mix of studio, one-bedroom, and two-bedroom residences, appealing to a broad renter demographic. South Court currently generates $440,679 in net operating income and is offered at an attractive 6.53% in-place Cap Rate, providing investors with strong day-one cash flow. Current rents are approximately 8.24% below market, presenting a clear opportunity to increase revenue through alignment with prevailing market rates. The property also includes 32 surface parking spaces in addition to available street parking, supporting resident convenience and operational stability. The community benefits from convenient access to local employment centers, neighborhood retail amenities, and regional transportation connections throughout the Puget Sound area. Bremerton’s growing economic base and connectivity to the broader region position the asset to capture sustained rental demand and long-term value appreciation.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 32
  • Total Uncovered Parking Spaces: 32

Structure

  • Roof: Flat, Torch Down
  • Exterior Features: Brick
  • Foundation: Block, Poured Concrete

Lot Details

  • Lot Features: Alley, Corner Lot, Paved, Sidewalk
  • Acres: 0.82
  • Foundation: Block, Poured Concrete
Area Features

Schools

  • High School District: Bremerton #100c

Lot Details

  • Lot Features: Alley, Corner Lot, Paved, Sidewalk
  • Acres: 0.82
  • Foundation: Block, Poured Concrete
Utilities

Power

  • Energy Source: Electric, Natural Gas
  • Power Company: Puget Sound Energy

Water, Sewer, and Garbage

  • Sewer Company: City of Bremerton
  • Sewer: Sewer Connected
  • Water Company: City of Bremerton
  • Water Source: Public
  • Water, Sewer, and Garbage: 72295
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MaLisa Westlund

MaLisa Westlund
Broker | REALTOR®

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