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Willow Street 4 Plex 321 Willow St 4 Unit Apartment Building $1,450,000 ($362,500/Unit) 6% Cap Rate Bremerton, WA 98310



Investment Highlights
- Centrally located
- Convenient to local parks and military bases
- Mountain Views from all units
Executive Summary
Fully rented, long term tenants
Data Room Click Here to Access
- Title and Insurance
- Miscellaneous
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$106,200
|
$19.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,200
|
$19.07
|
| Taxes |
$10,272
|
$1.84
|
| Operating Expenses |
$3,000
|
$0.54
|
| Total Expenses |
$13,272
|
$2.38
|
| Net Operating Income |
$92,928
|
$16.69
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $106,200 |
| Annual Per SF | $19.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $106,200 |
| Annual Per SF | $19.07 |
| Taxes | |
|---|---|
| Annual | $10,272 |
| Annual Per SF | $1.84 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.54 |
| Total Expenses | |
|---|---|
| Annual | $13,272 |
| Annual Per SF | $2.38 |
| Net Operating Income | |
|---|---|
| Annual | $92,928 |
| Annual Per SF | $16.69 |
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per Unit | $362,500 | Lot Size | 0.39 AC |
| Sale Type | Investment | Building Size | 5,568 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Townhome |
| Price | $1,450,000 |
| Price Per Unit | $362,500 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 5,568 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2006 |
| Parking Ratio | 2.5/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | - | 1,392 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 3965-000-038-00-03 | Total Assessment | $1,184,640 (2026) |
| Land Assessment | $117,700 (2026) | Annual Taxes | $10,272 ($1.84/SF) |
| Improvements Assessment | $1,066,940 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
3965-000-038-00-03
Land Assessment
$117,700 (2026)
Improvements Assessment
$1,066,940 (2026)
Total Assessment
$1,184,640 (2026)
Annual Taxes
$10,272 ($1.84/SF)
Tax Year
2025
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Willow Street 4 Plex | 321 Willow St
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