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.
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Zillow last checked:
Listing updated:
Listed by:
David A. Kelley,
Kidder Mathews
Source: NWMLS as distributed by MLS GRID,MLS#: 2571193
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 6
Heating
Forced Air, Electric
Cooling
None
Features
Has fireplace: No
Interior area
Total structure area: 0
Property
Features
Has view: Yes
View description: Partial
Lot
Size: 4,791 Square Feet
Details
Parcel number: 37120010160003
Zoning description: Multi-Family,Jurisdiction: City
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 5-9 Units
Property subtype: Multi Family
Materials
Wood Products
Foundation: Poured Concrete
Roof: Flat
Condition
Year built: 1910
Major remodel year: 1910
Utilities & green energy
Sewer: Sewer Connected
Community & HOA
Community
Subdivision: Bremerton
Location
Region: Bremerton
Financial & listing details
Annual tax amount: $5,652
Date on market: 8/18/2026
Cumulative days on market: 3 days
Listing terms: Conventional
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,696/mo
Price history
Date
Event
Price
8/19/2026
Listed for sale
$685,000
Source: NWMLS as distributed by MLS GRID #2571193Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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