Waterfront 5-unit path-of-progress! In Bremerton's Opportunity Zone & also qualifies for city 8-12 year multi-fam tax exemption. New development all around incl condos, new Spyglass Apt (2 beds there $2700/mo) & upcoming Eagles 8-story project. Walk to ferry, Naval Station, core development area. Zoned Multi-Fam 1 (Waterfront Overlay) allows 40' height. Stable long-term tenants in all 5 units with room for increases while permits obtained. Historic duplex on pilings is grandfathered & could remain with new project. Newer roofs, gutters, paint. Adjoins 614 Washington (MLS 1720090) which is also available for an even bigger opportunity. Formerly part of a larger proposed project, this is a rare chance for a special project, don't wait!
Current Location
