8755 Shores Pl NW
Silverdale WA 98383
Waterfront Park Apartments
8755 Shores Pl NW Silverdale WA 98383
Listing #: 701596 | Status: Available | Last Modified: 4/9/2026 |
For Sale
- Phone:(206) 618-2207
- Email:gabe@blakeia.com
- Office Name:Blake Investment Advisors
- Office Phone:(206) 619-3719
- Office Website:
- Agent Phone:
- Agent Email:josh@blakeia.com
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 5,250,000.0
- $/SF$ 373.9
- $/Unit$ 5,250,000.0
- Listing StatusAvailable
- Days on Market255
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 5.92 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings4
- # of Floors2
- # of Units20
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF15160
- Net Rentable Area14040
- Total Office SF
- Largest Contiguous SF
- Lot SF42292
- Acres0.97
- Property TypeMulti-Family
- Office Type
- Building ClassB
- CountyKitsap
- Vicinity
- Location Description
- Second Address
- Cross StreetSilverdale Way
- Market AreaSilverdale
- Tax ID #4463-000-007-0104
- Additional Parcels4463-000-006-0105, 4463-000-006-0204, 4463-000-007-0005
- ZoningMULTI-FAMILY
- # Covered Spaces0
- # Uncovered Spaces30
- Total Parking Spots30
- Parking Ratio
- Year Built1943
- Year Renovated2023
- Completion Date
- Roof Type
- Construction Type
Waterfront Park Apartments
Investment Highlights: ~Exceptional Beachfront Location: A rarity in apartment ownership is the chance to own an asset where residents can step out their front door and take a walk on the beach overlooking the gorgeous Dyes Inlet. ~Desirable Floor Plans: Waterfront Park features 16 two-bedroom townhome-style apartment homes and 4 one-bedroom units. ~Constrained Housing Supply: No new multifamily units under construction in the Silverdale sub-market. ~Demonstrated Rent Growth: Rental rates have increased 9.82% since 2023, reflecting strong tenant demand. ~Turnkey Renovations: Over $1,100,000 in comprehensive upgrades completed, including new roofs, siding, appliances, flooring, cabinetry, electrical, and plumbing systems. ~Thriving Regional Economy: Anchored by Naval Base Kitsap
Drive by only. Do not disturb tenants. Interior inspections only after mutually accepted offer. Lots of potential but needs hands on ownership. Current owner/agent has too many projects.
