8755 Shore Place NW

Silverdale, WA 98383

  • Bed

  • Bath

  • 15160 SqFt

  • 57 DOM

  • Built: 1942

  • Status: Active

$5,250,000

X

8755 Shore Place NW

Silverdale 98383

$5250000

  • Bed

  • Bath

  • 15160 SqFt

  • 57 DOM

  • Built: 1942

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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.

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Residence Information

  • 15160

  • Metal

  • 56 - 10+ Units

  • 1942

  • Slab

Features and Utilities

  • Wood Products

  • Public

  • Sewer Connected

  • 0

Financial

  • 25622

  • Conventional

  • 09-08-2025

Comparable Information

  • 57

  • 57

  • Conventional

  • $5,250,000

  • $5,250,000

  • Sep 08, 2025 23:40

Schools

Map

Listing courtesy of Blake Investment Advisors.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Nov 04, 2025 17:16 | Listing last modified Sep 08, 2025 23:40. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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