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Multifamily

Sage Apartments

2090 Wheaton Way, Bremerton, WA 98310

Listing Price: Request For Offer

Number of Units
29
Gross SF
11,187

Investment Overview

Located in East Bremerton, along Wheaton Way, The Sage Apartments is a 29-unit multifamily building offering stunning views of the Port Washington Narrows and Olympic Mountains. Designed by Degen & Degen, known for their impeccable attention to detail and beautiful spaces, the property is currently under construction and will feature 29 studio apartment homes with 14 tuck-under parking stalls and 16 open stalls. Each home at The Sage will feature 10-foot ceilings and oversized windows, creating a bright and spacious living environment.

Investment Highlights

  • New construction: four-story, 29-unit apartment building located along Wheaton Way in Bremerton. Currently under construction and ready for drywall and finishes.
  • Views from all homes: upper floor homes have water views of the Port Washington Narrows and all homes have spectacular views of the Olympic Mountains.
  • Ability for short-term rental: ability to rent some homes as "extended stay hotel-style" rentals which can generate incomes 200% higher than traditional units.
  • Bremerton's Fast Ferry terminal within 2 miles: the Fast Ferry is only a 30-minute ride to downtown Seattle's high-paying employment hub and is wi-fi enabled. Six daily round trips on weekdays and 10 round trips on weekends.
  • Excellent demographics: Kitsap County's wages grew 12.7% from Q3 2021 to Q3 2022, the second- highest in the country. Annual wages in Bremerton are expected to grow another 13.9% in the next five years.

Exclusively Listed By

Multifamily

Sage Apartments

Listing Price: Request For Offer

Number of Units
29
Gross SF
11,187

Investment Highlights

  • New construction: four-story, 29-unit apartment building located along Wheaton Way in Bremerton. Currently under construction and ready for drywall and finishes.
  • Views from all homes: upper floor homes have water views of the Port Washington Narrows and all homes have spectacular views of the Olympic Mountains.
  • Ability for short-term rental: ability to rent some homes as "extended stay hotel-style" rentals which can generate incomes 200% higher than traditional units.
  • Bremerton's Fast Ferry terminal within 2 miles: the Fast Ferry is only a 30-minute ride to downtown Seattle's high-paying employment hub and is wi-fi enabled. Six daily round trips on weekdays and 10 round trips on weekends.
  • Excellent demographics: Kitsap County's wages grew 12.7% from Q3 2021 to Q3 2022, the second- highest in the country. Annual wages in Bremerton are expected to grow another 13.9% in the next five years.

Investment Overview

Located in East Bremerton, along Wheaton Way, The Sage Apartments is a 29-unit multifamily building offering stunning views of the Port Washington Narrows and Olympic Mountains. Designed by Degen & Degen, known for their impeccable attention to detail and beautiful spaces, the property is currently under construction and will feature 29 studio apartment homes with 14 tuck-under parking stalls and 16 open stalls. Each home at The Sage will feature 10-foot ceilings and oversized windows, creating a bright and spacious living environment.

Exclusively Listed By

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