Rockhood
$685,000List price
Active

629 Highland · Bremerton, WA 98337

Source: NWMLS · Kidder Mathews · David A. Kelley #NWM2571193

About this home

627 Highland Ave — Bremerton, WA 98337 This offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at $685,000 and offered at a 7% cap rate on in-place income. Built in 1910, the property represents classic older-vintage Bremerton housing stock, offering a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization as units turn. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, supporting steady renter demand and a durable tenant base for well-located multifamily product in the submarket. For an investor seeking an attractive going-in yield with a manageable-scale renovation opportunity, 627 Highland Ave offers an efficient, well-priced entry point into the Bremerton multifamily market.

Location

Basics

Property type
Multi Family
Style
5-9 Units
Stories
2 stories
Year built
1910
Lot size
4,792 sq ft (0.11 acres)
County
Kitsap
MLS #
NWM2571193

Interior

Heating
Forced Air
Cooling
None

Exterior & lot

Exterior features
Wood Products
Roof
Flat
Foundation
Poured Concrete
View
Partial
Waterfront
No

Utilities

Sewer
Sewer Connected
Power
Electric

Community & fees

Subdivision
Bremerton
Property tax
$5,652 (2026)

Transaction

Listed on
Aug 19, 2026
Days on market
32
Listing terms
Conventional
Possession
Closing

More homes nearby

Schools

School district: Bremerton #100c

High
Bremerton High School
SchoolDigger 1 star · Top 74% in WA

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Listing provided courtesy of: Kidder Mathews

Listing agent: David A. Kelley.

Based on information submitted to the MLS GRID as of . 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-08-19.