USAWABremertonBremerton834 Ml King Way Drive
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New
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$6,750,000

For Sale

5 days ago

834 Ml King Way Drive, Bremerton, WA

House

MLS® 2511189

0 Bed

0 Bath

--

32 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage 
Taxes $66,367
Days Active 5
Lot Size 
Approx. Age 1919
MLS® Number 2511189

Property Address: 834 Ml King Way Drive, Bremerton, WA, 98337

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number2511189
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1919
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 21, 2026List Date
$6,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
834 Ml King Way Drive, Bremerton, WA

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