For Sale210d on market
8755 Shore Place NW
Silverdale, WA, 98383 • 98383 • Kitsap County
$5,250,000
$346/sqft
36Beds
20Baths
15,160Sqft
0.97 acLot
1942Built
Property DNA
Waterfront Property
Ocean Front
10+ Units Style
Built 1942 · 84 years of history
Silverdale
98383
This home is getting attention
Listed 210 days ago · 612 views · 19 saves
Market activity
Demand and pricing signals for this listing
612 views
People checking out this listing
19 saves
Buyers have saved this home
210 days on market
Established listing
$346/sqft
Price per square foot
About this home
Multi Family · Built 1942
Waterfront Park Apartments offers a rare turnkey investment on the Silverdale waterfront. This fully renovated 20-unit community boasts a 5.93% cap rate and a 6.56% cash-on-cash return on current rents. The property features 16 spacious two-bedroom townhome-style units and 4 one-bedroom units, averaging 758 SF. Ownership has invested over $1.1M in capital improvements, delivering modern finishes and durable systems throughout—new roofs, Hardie siding, cabinetry, stainless steel appliances, in-unit washers/dryers, upgraded electrical and mechanical systems, and stylish interior updates. The result is a low-maintenance, high cash-flowing asset poised to capture long-term rent growth in one of Kitsap's most desirable waterfront locations.
Standout features identified
Our analysis highlights modern finishes, stylish interior updates, and townhome-style units as key attractions of this home.
Estimated monthly payment
Based on current rates
$32,691/month
Principal & Interest$25,691
Property Tax$5,250
Insurance$1,750
Down payment20% ($1,050,000)
3%50%
Est. 6.19% rate · 30yr fixed · $4,200,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1942
HeatingForced Air, Electric
CoolingNone
Parking36 Open Parking spaces
Days on Zillow210 Days
Price/sqft$346
Property
Home typeMulti Family
Sub-typeMulti Family
Style10+ Units
ConditionUpdated/Remodeled
Year built1942
Systems
HeatingForced Air, Electric
CoolingNone
RoofMetal
ConstructionWood Products
Water / SewerPublic / Sewer Connected
Parking & Outdoor
ParkingOpen
Lot0.97 Acres
Location & Tax
Neighborhood98383
Annual tax$25,622
Parcel44630000060105
Features & details
5 categories of property features
Interior Features
Flooring
Vinyl Plank
Heating
Forced Air
Electric
Cooling
None
Exterior Features
Parking
Open
Construction
Wood Products
Listing insights
Market data and value estimates
StatusFor Sale
Days on market210
Est. value$4,652,600
Est. rent$1,413/mo
Tax rate0.76%
Price/sqft$346
On marketSep 7, 2025
PostedSep 8, 2025
Last sold$800,000
MLS statusActive
MLS updatedFeb 6, 2026
Tour days9
Views612
Favorites19
How are the schools in Silverdale?
3 schools rated nearby
Location
Silverdale, WA, 98383
Price history
12 events
DateEventPrice$/sqftSource
Sep 22, 2025Listing Removed$1,730—Zillow Rentals
Sep 8, 2025Listed For Sale$5,250,000$346NWMLS as distributed by MLS GRID
Jul 9, 2025Price Change$1,730—Zillow Rentals
Jun 6, 2025Price Change$1,695—Zillow Rentals
Mar 27, 2025Listed For Rent$1,730—Zillow Rentals
Feb 2, 2025Listing Removed$1,695—Zillow Rentals
Jan 20, 2025Listed For Rent$1,695—Zillow Rentals
Aug 4, 2024Listing Removed——Zillow Rentals
Jul 23, 2024Listed For Rent$1,695—Zillow Rentals
Jun 10, 2024Listing Removed——Zillow Rentals
Jan 15, 2024Listed For Rent$1,695—Zillow Rentals
Oct 25, 2012Sold$800,000$53NWMLS as distributed by MLS GRID
Listing Removed$1,730
Sep 22, 20250•Zillow Rentals
Listed For Sale$5,250,000
Sep 8, 2025•$346/sqft•NWMLS as distributed by MLS GRID
Price Change$1,730
Jul 9, 20250•Zillow Rentals
Price Change$1,695
Jun 6, 20250•Zillow Rentals
Listed For Rent$1,730
Mar 27, 20250•Zillow Rentals
Listing Removed$1,695
Feb 2, 20250•Zillow Rentals
Listed For Rent$1,695
Jan 20, 20250•Zillow Rentals
Listing Removed—
Aug 4, 2024•Zillow Rentals
Listed For Rent$1,695
Jul 23, 20240•Zillow Rentals
Listing Removed—
Jun 10, 2024•Zillow Rentals
Listed For Rent$1,695
Jan 15, 20240•Zillow Rentals
Sold$800,000
Oct 25, 2012•$53/sqft•NWMLS as distributed by MLS GRID
Tax history
19 years of records
YearTax paidAssessed value
Apr 7, 2024$5,300$580,030
Apr 7, 2023$5,153$580,030
Apr 7, 2022$5,177$580,030
Apr 7, 2021$4,092$404,240
Apr 7, 2020$3,601$338,230
Apr 7, 2019$3,587$330,530
Apr 7, 2018$3,829$292,810
Apr 7, 2017$3,829$292,810
Apr 7, 2016$3,739$278,960
Apr 7, 2015$3,848$261,200
Apr 7, 2014$3,848$241,980
Apr 7, 2013$3,456$277,570
Apr 7, 2012$2$249,990
Apr 7, 2011$2,656$243,460
Apr 7, 2010$2,771$255,870
Apr 7, 2009$2,567$261,090
Apr 7, 2008$2,486$261,090
Apr 7, 2007$2,593$248,660
Apr 7, 2005$1$50,820
Nearby homes
Neighborhood details
Local context around this listing
Silverdale, WA • Kitsap County
Nearby cities
Bainbridge IslandBremertonHansvilleKingstonOlallaPort OrchardPoulsboSeabeck
Nearby zip codes
9831598383
Based on information submitted to the MLS GRID as of 2026-04-07 05:23:31 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#39)
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