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Investment Highlights

  • Potential for up to 18 townhomes
  • 3 existing homes providing income
  • Approx. 1.5 acres of development land
  • Utilities available, including sewer extended through site

Executive Summary

This listing presents a rare opportunity to acquire a strategically positioned residential asset in the City of Bremerton with significant future development potential. In addition to the existing improvements, approximately 1.7 acres of excess land supports a site plan designed for up to 18 townhomes. The combination of in-place infrastructure, favorable zoning, and a functional layout creates a clear path toward development while minimizing upfront risk and entitlement timelines. This is an ideal opportunity for investors or developers seeking a property that offers both stability and scalability, allowing for multiple execution strategies depending on investment goals. Located close to town, shopping and other urban services. Easy access to Highway 3.

Property Facts

Price $900,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Planned Unit Development
  • Single Family Development
Total Lot Size 1.69 AC
Zoning R10 - Residential

1 Lot Available

Lot

Price $900,000
Price Per AC $532,544.38
Lot Size 1.69 AC

Portion of 2.53 acre lot.

Description

This listing presents a rare opportunity to acquire a strategically positioned residential asset in the City of Bremerton with significant future development potential. In addition to the existing improvements, approximately 1.7 acres of excess land supports a site plan designed for up to 18 townhomes. The combination of in-place infrastructure, favorable zoning, and a functional layout creates a clear path toward development while minimizing upfront risk and entitlement timelines. This is an ideal opportunity for investors or developers seeking a property that offers both stability and scalability, allowing for multiple execution strategies depending on investment goals. Located close to town, shopping and other urban services. Easy access to Highway 3. Please call Listing Agent to schedule all showings. Seller is a licensed real estate agent in the state of WA.

Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
162401-3-136-2000
Land Assessment
$208,500
Improvements Assessment
$450,350
Total Assessment
$658,850
  • Listing ID: 40443989

  • Date on Market: 5/7/2026

  • Last Updated:

  • Address: 138 Lilac Ln, Bremerton, WA 98312

Contact the Sale Advisor

138 Lilac Ln - Lilac Lane

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