MLS: #NWM2511189, Listed By: Tyler Smith, Northmarq Multifamily, LLC, Source:NWMLS - Northwest Multiple Listing Service
834 Ml King Way Drive
Bremerton, WA 98337
0
Bed
0
Bath
31,164Sqft
0.82Acre(Lot)
We are 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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: Flat, Torch DownRoofing Information
Flat, Torch Down -
Flooring Information
Flooring: Hardwood Construction Materials: Brick -
Heating & Cooling
Heating: Baseboard, Forced Air Has Heating: Yes Cooling: None WaterSource: Public
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Building Information
Year Built: 1919 -
Exterior Features
Brick Construction Materials: Brick Foundation Details: Block, Poured Concrete
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Lot Information
Lot Description: Alley, Corner Lot, Paved, Sidewalk Lot Square Feet: 35719 Lot Acres: 0.82Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$6750000
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Tax Information
Annual Tax: $66367 Tax Year: 2026 Parcel Number: 37680000270005
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Parking Information
Total Parking: 32
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Utility Information
Sewer: Sewer Connected Water Source: Public -
Location Information
Subdivision: Bremerton City: Bremerton Direction: Take exit 36 from N-Bound SR 3; take a right onto Burwell St; Turn left onto Warren Ave; Turn Right on DR ML King Wy
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1536 Pennsylvania Avenue, Bremerton, WA, 98337 | $585,000 | -- | -- | 2,558 | 2,558 SqFt |
| 2001 11th Street, Bremerton, WA, 98337 | $1,250,000 | -- | -- | 6,032 | 6,032 SqFt |
Similar Multifamily To 834 Ml King Way Drive
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Based on information submitted to the MLS GRID as of 07/10/2026 @ 06:20. 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.
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ByOwner last updated this listing 07/10/2026 @ 06:20
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