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834 Ml King Way Drive, Bremerton, WA 98337

Bremerton
Local realty services provided by:CENTURY 21 North Homes Realty
Listed by: tyler smith, taylor wyman
Office: northmarq multifamily, llc.
MLS#:2511189
Source:NWMLS
834 Ml King Way Drive,Bremerton, WA 98337
$6,750,000
  • - Beds
  • - Baths
  • 31,164 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$6,750,000
  • Price per sq. ft.:$216.6

About this home

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 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...

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Home facts

  • Year built:1919
  • Subdivision & Development:Bremerton
  • Listing ID #:2511189
  • Updated:October 27, 2026 at 10:43 AM

Rooms and interior

  • Flooring:Hardwood
  • Living area:31,164 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Flat Roof, Torch Down
  • Year built:1919
  • Building area:31,164 sq. ft.
  • Lot area:0.82 Acres
  • Lot Features:Alley, Corner, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$6,750,000
  • Price per sq. ft.:$216.6
  • Tax amount:$66,367 (2026)

Parking

  • Total parking spaces:32
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 27, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved. NWMLS Member Broker: Michael Killmer

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