8755 Shore Place Nw, Silverdale, WA 98383

Silverdale
Local realty services provided by:Knipe Realty ERA Powered
Listed by: gabe blake, josh blake
Office: blake investment advisors
MLS#:2431025
Source:NWMLS
8755 Shore Place Nw,Silverdale, WA 98383
$5,200,000
  • - Beds
  • - Baths
  • 15,160 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$5,200,000
  • Price per sq. ft.:$343.01

About this home

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.

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Home facts

  • Year built:1942
  • Subdivision & Development:Silverdale
  • Listing ID #:2431025
  • Updated:October 01, 2026 at 12:04 PM

Rooms and interior

  • Flooring:Vinyl Plank
  • Living area:15,160 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Metal
  • Year built:1942
  • Building area:15,160 sq. ft.
  • Lot area:0.97 Acres
  • Construction Materials:Wood Products Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$5,200,000
  • Price per sq. ft.:$343.01
  • Tax amount:$26,340 (2025)

Parking

  • Parking description:Uncovered Space(s) : 36
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