8755 Shore Place NW, Silverdale, WA 98383 (MLS # 2431025)

Listing provided courtesy of Northwest MLS; Blake Investment Advisors

PRICE	$5,250,000
BEDS	0
BATHS	0
HOME SIZE	15,160 sqft
LOT SIZE	42,254 sqft

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Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.93% cap rate and a 6.56% 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.

LAST UPDATED	9/8/2025	TRACT	Silverdale
YEAR BUILT	1942	COMMUNITY	Silverdale
COUNTY	Kitsap	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	None
AREA	147 - Silverdale
CONSTRUCTION	Wood Siding
HEAT	Electric, Forced Air
LOT	0.97 acre(s)
LOT DESCRIPTION	Waterfront
MLS STATUS	Active
STORIES	2
STYLE	56 - 10+ Units
SUBDIVISION	Silverdale
TAXES	25622
UTILITIES	Sewer Connected
WATER	Public
WATERFRONT	Yes
WATERFRONT DESCRIPTION	Ocean Front, Waterfront

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 1/12/26 4:00 AM PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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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