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.

Exterior features

Wood Products

Property details

Heating: Forced Air
Cooling: None
View: Partial
Sewer: Sewer Connected

Costs

Annual taxes: $5,652 (2026)

Estimate your monthly payment

$3,935/mo

Principal & interest: $3,464
Property taxes: $471

Down payment (20%) $137,000 Interest rate (%) Loan term (years)

Loan amount $548,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Bremerton, WA 98337

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Kidder Mathews— David A. Kelley.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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