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MLS: #NWM2508012, Listed By: Max Frame, Kidder Mathews, Source:NWMLS - Northwest Multiple Listing Service

324 S Lafayette Avenue

Bremerton, WA 98312
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$1,850,000 $7,799/Mo
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Bed 0

Bed

Bath 0

Bath

SqFt6,496

Sqft

Acres0.16

Acre(Lot)

Located in rapidly growing Kitsap County, this property offers investors a compelling combination of stable market fundamentals, recent capital improvements, and proven rental upside. Backed by landlord-friendly policies and a federally anchored employment base, the area is well positioned for long-term demand and investment durability. The asset presents clear operational upside, with recent leases achieving $1,680 and $1,690, helping validate continued rent growth potential. Additional income opportunities may be realized through laundry, parking, and RUBS implementation. The property also benefits from excellent transportation access, with ferry, bus, and direct highway connections linking residents to the broader Puget Sound employment base. Over the past four years, approxima tely $246,000 has been invested in major capital improvements, including a new roof, all-unit window replacements, full electrical panel upgrades, and water heater replacements throughout. With key systems already addressed, new ownership steps into a well-maintained asset with limited deferred maintenance risk. An enclosed, covered parking garage further distinguishes the property, offering a valuable amenity in a submarket where many competing rental properties lack secured parking. This is an opportunity to acquire a well-maintained asset with both immediate strength and future upside.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,850,000

AD Id : 77089811

MLS Id : NWM2508012

Lot Size : 0.16 Acre

Living Area Size : 6,496

Year Built : 1978

Garage : 6

County : Kitsap

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Feature Features

  • Interior Features

    Roof: Composition

    Roofing Information

    Composition

  • Flooring Information

    Flooring: Vinyl Plank Construction Materials: Wood

  • Heating & Cooling

    Heating: Baseboard Has Heating: Yes Cooling: None

  • Building Information

    Year Built: 1978

  • Exterior Features

    Wood Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Dimensions: 6970 Lot Description: Curbs Lot Square Feet: 6970 Lot Acres: 0.16

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family

  • Listing Price Information

    Original List Price:$1850000

  • Tax Information

    Annual Tax: $12634 Tax Year: 2026 Parcel Number: 37320140090001

  • Utility Information

    Sewer: Sewer Connected

  • Location Information

    Subdivision: Bremerton City: Bremerton Direction: 324 S L AFAYE T TE AVE, BREMERTON, WA 98312
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Disclaimer: The information being provided courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the NWMLS - Northwest Multiple Listing Service. ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of NWMLS - Northwest Multiple Listing Service. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/19/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the 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.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/19/2026 @ 18:20. 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. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


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ByOwner last updated this listing 06/19/2026 @ 18:20

MLS: NWMLS #2508012 LISTED BY: Max Frame, Kidder Mathews 360-705-2800 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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