30-unit value-add property in Port Orchard, WA

Kidder Mathews is pleased to have the exclusive listing for Lund Village, a 30-unit multifamily community located in Port Orchard, WA.

Built in 1997 and featuring spacious unit layouts, Lund Village presents a compelling value-add opportunity through targeted interior and exterior renovations. With rents currently below market, a renovation program focused on modernizing interiors and enhancing common areas provides a clear path to capturing meaningful rent premiums and driving long-term NOI growth.

The property benefits from its strategic location with immediate access to Highway 16, major retail corridors, and key employment drivers including Naval Base Kitsap and the broader Bremerton-Port Orchard job base. These fundamentals support strong and consistent rental demand, positioning the asset well for both workforce housing and long-term investment stability.

Lund Village has been well maintained and demonstrates stable occupancy, offering investors a solid operational foundation with limited near-term capital risk. Its unit mix, building quality, and location within a supply-constrained submarket create a highly executable repositioning opportunity with attractive upside.

We invite you to review the offering materials for Lund Village. Please contact Austin Kelley and Ted Sipila for additional information or to schedule a tour.