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Ardivus Brivity

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834 Ml King Way Dr , Bremerton, WA 98337
$6,750,000
Est. Payment: $32,702.79/mo
38 Bed
46 Bath
25500 Sqft
Status: active | Days on site: 8
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

We are pleased to present South Court, a 47-unit multifamily community located in Bremerton. Originally constructed in 1919, the property comprises 26,100 net rentable square feet and features a balanced mix of studio, one-bedroom, and two-bedroom residences, appealing to a broad renter demographic. South Court currently generates $440,679 in net operating income and is offered at an attractive 6.53% in-place Cap Rate, providing investors with strong day-one cash flow. Current rents are approximately 8.24% below market, presenting a clear opportunity to increase revenue through alignment with prevailing market rates. The property also includes 32 surface parking spaces in addition to available street parking, supporting resident convenience and operational stability. The community benefits from convenient access to local employment centers, neighborhood retail amenities, and regional transportation connections throughout the Puget Sound area. Bremerton’s growing economic base and connectivity to the broader region position the asset to capture sustained rental demand and long-term value appreciation.
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Highlights

Listed by Tyler Smith , 952-356-0100 and Taylor Wyman , 952-356-0100 Northmarq Multifamily, LLC , 952-356-0100. Northwest Multiple Listing Service

Property Type

Multi-Family
Lot/Acreage
0.82

Year Built

1919

County

Kitsap

Area

148 - West Bremerton

 Neighborhood

Bremerton

 School District

Bremerton #100c

Listing ID

2511189

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:38
  • ▪ Bathrooms:46
  • ▪ Full Bathrooms:
Floor:Hardwood
Other:City of Bremerton

Exterior Features

Lot:Alley,Corner Lot,Paved,Sidewalk
Garage Capacity:32
Roof:Flat,Torch Down
Others:Brick,Good
Sewer:City of Bremerton
Principal Interest
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$32,703
Taxes
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$5,531

Home Price

$6,750,000

Home Price

Loan Details

30 yrs
6.094%

Interest Rate

Loan Type

Down Payment

20%
$1,350,000

Down Payment

Down Payment %

All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$32,702.79

Principal

Taxes

Principal Taxes HOA Total
Monthly $32,702.79 $5,530.58 $0.00 $38,233.38
Yearly $392,433.52 $66,367.00 $0.00 $458,800.52
Total $11,773,005.58 $1,991,010.00 $0.00 $13,764,015.58
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Preferred1765470255 Lender1765470255
My Title 1765470255
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Market insight data is pulled from the same city as the listing being viewed (Bremerton, WA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Estimated Payment, Market Insight Calculations, School and Neighborhood Information provided by Blueroof360

The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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Data last updated: 2026-06-30T18:44:18.000Z

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