$725,000
 $3,892 est/mo Sourced by Back At You

801 Veneta Avenue,Bremerton, WA 98337

Bremerton, WA 98337

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Description

The Veneta apartment offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at a 7% cap rate on in-place income. The property is an older-vintage asset with dated interiors, presenting a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization - a classic value-add play in a market where comparable renovated units command a meaningful rent premium. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, which continues to support steady renter demand and provides a durable, recession-resistant tenant base for well-located multifamily product in the submarket. For an investor seeking a manageable-scale renovation project with an attractive going-in yield and a clear path to stabilized upside, 801 Veneta Ave offers an efficient entry point into the Bremerton multifamily market.

Details

MLS #2568462
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1912
Days On Site45
Listing Provided ByKidder Mathews | David A. Kelley

Features

SQ Feet4,600
Story(s)3
Units6
ZoningMulti-Family
Acreage0.19
Property ViewYes

Taxes

Property6664

Area Information

StateWA
CountyKitsap
CityBremerton
Zip Code98337
Area148 West Bremerton
Community NameBremerton
Listing VS Median (in Bremerton)
Price:
$725,000
low | high
Med:
$500,000
81.034482758621% of Average
sqft:
4,600
low | high
Med:
1,623
100% of Average
$ / sqft:
$158
low | high
Med:
$308
45.466037775936% of Average
On site:
45
low | high
Med:
78
57.692307692308% of Average
Sourced by Back At You

Market Activity 98337

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Learn More About This Property

StateWA
CountyKitsap
CityBremerton
Zip Code98337
Area148 West Bremerton
Community NameBremerton
Listing VS Median (in Bremerton)
Price:
$725,000
low | high
Med:
$500,000
81.034482758621% of Average
sqft:
4,600
low | high
Med:
1,623
100% of Average
$ / sqft:
$158
low | high
Med:
$308
45.466037775936% of Average
On site:
45
low | high
Med:
78
57.692307692308% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $543K - $906K
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
2135 4th Street Property Photo 1
$725,000
2135 4th Street
Bremerton, WA 98312
Listing Updated: September 24, 2026 at 7:17:44 PM PDT