8755 Shore Place Nw, Silverdale, WA 98383

Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by:gabe blake
Office:blake investment advisors
MLS#:2431025
Source:NWMLS
8755 Shore Place Nw,Silverdale, WA 98383
$5,250,000
  • - Beds
  • - Baths
  • 15,160 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$5,250,000
  • Price per sq. ft.:$346.31

About this home

Waterfront 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.

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Home facts

  • Year built:1942
  • Listing ID #:2431025
  • Updated:September 26, 2025 at 12:23 AM

Rooms and interior

  • Living area:15,160 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Metal
  • Year built:1942
  • Building area:15,160 sq. ft.
  • Lot area:0.97 Acres

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$5,250,000
  • Price per sq. ft.:$346.31
  • Tax amount:$25,622 (2025)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of September 26, 2025. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2025 MLS GRID. All Rights Reserved.

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