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Provided by NWMLS, Listed by Gabe Blake, 206-618-2207 at Blake Investment Advisors
15,160 sqft

$5,200,000

8755 Shore Place NW, Silverdale WA, 98383

Price per sqft$343.01
Built in1942
Property size15,160 sqft
Property typeMulti-family

Overview

Active

Listed Sep 8, 2025

Updated 8h ago

Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.97% cap rate and a 6.08% 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.

$34,596/mo

Est. mortgage payment based on a $5,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2431025

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.97 Acres

Other Property Details

Taxes
$26,340
Tax Frequency
Annually
Waterfront
Yes
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Gabe Blake, 206-618-2207 at Blake Investment Advisors

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/18/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/18/2026 at 9:28 AM UTC . 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.

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Data last updated on 9/18/2026 at 9:28 AM UTC 

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