- For Sale $28,250,000
- Property Type Multi-Family
- Property Size 73,169 SF
- Units 89
- Lot Size 4.97 Acre
- Year Built 2022
- Year Renovated 2023
- Date Updated Jun 24, 2025
Investment Opportunity: The Ridge at Payseno Lane – Port Orchard, WA Modern Multi-Family Asset in a Growing Market Introducing The Ridge at Payseno Lane, a premier apartment community in the heart of Port Orchard, Washington. This meticulously developed property represents a turnkey investment opportunity in one of Kitsap County’s most desirable and rapidly growing residential markets. Built with longevity and tenant satisfaction in mind, The Ridge offers a strong foundation for stable cash flow and long-term appreciation. Property Highlights: Year Built: Recently constructed with modern finishes and energy-efficient systems Units: Spacious 1- and 2-bedroom units, with select layouts including dens ideal for work-from-home tenants Occupancy: High current occupancy with strong tenant retention Amenities: Attached garages, in-unit washers and dryers, quartz countertops, stainless steel appliances, and pet-friendly features including a dog park Low Maintenance: Newer construction minimizes capital expenditures and operational headaches Location Advantages: Strategically positioned near major commuting routes and the Bremerton-Seattle ferry terminal, appealing to both local professionals and Seattle commuters Minutes from downtown Port Orchard, Village Greens Golf Course, and multiple parks and recreational spaces Located in a low-vacancy submarket with increasing rental demand and limited new inventory Investment Upside: Below-market rents provide value-add potential through modest rent increases Strong demographic trends with growing population and limited supply of comparable Class A units Professional management in place, ensuring seamless ownership transition Whether you are expanding your multi-family portfolio or seeking a high-quality asset with immediate income and future upside, The Ridge at Payseno Lane offers the perfect balance of stability, growth, and location.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
43/100 Car-Dependent
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Bike Score ®
37/100 Somewhat Bikeable
- City Port Orchard, WA
- Neighborhood Parkwood
- Zip Code 98366
- Market Seattle
Points of Interest
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Bremerton Cab
3.30 miles
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Vashon Island
6.77 miles
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Texaco
0.44 miles
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Shell
0.57 miles
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Arco
0.88 miles
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7-Eleven
0.91 miles
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76
1.15 miles
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Safeway
1.35 miles
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Electrify America
2.19 miles
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Chevron
2.20 miles
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Up & Go Electric
7.56 miles
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ChargePoint
7.59 miles
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Marina Parking
1.71 miles
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Ferry Waiting Area
2.32 miles
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Harborside Garage
2.41 miles
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Washington Garage
2.49 miles
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Manette Playfield Parking Lot
2.75 miles
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F Lot
2.85 miles
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Charleston Base
3.01 miles
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Faculty Lot 7
3.18 miles
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Faculty Parking
3.20 miles
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Faculty Lot 11
3.26 miles
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Stellar Motel
1.12 miles
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Comfort Inn On the Bay
1.35 miles
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Mrs. Howe's Bed and Breakfast
1.52 miles
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Hampton Inn & Suites Bremerton
2.33 miles
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Fairfield Inn & Suites Seattle Bremerton
2.46 miles
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Navy Gateway Inns and Suites
2.85 miles
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Motel 6
3.67 miles
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Bremerton Inn
3.78 miles
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Quality Inn & Suites
3.92 miles
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Flagship Inn
3.99 miles
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Taco Bell
0.11 miles
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Jack in the Box
0.15 miles
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Spiro's
0.21 miles
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Burger King
0.27 miles
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Subway
0.33 miles
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Super Wok Pho Thai Chinese
0.35 miles
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McDonald's
0.50 miles
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Papa John's
0.51 miles
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Ace Teriyaki
0.51 miles
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Jimmy John's
0.68 miles
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Marcus Whitman Junior High School
0.23 miles
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Discovery Alternative High School
0.37 miles
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Orchard Heights Elementary School
0.46 miles
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South Kitsap High School
0.86 miles
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East Port Orchard Elementary School
1.08 miles
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South Kitsap Christian School
1.21 miles
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Frank Givens Community Elementary School
1.44 miles
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Hidden Creek Elementary School
2.38 miles
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Cedar Heights Junior High School
2.47 miles
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Manchester Elementary School
2.73 miles
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CYP Infant & Toddler Center
2.77 miles
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Rosemary Moen
3.39 miles
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Head Start ECEAP
3.68 miles
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KinderCare
7.02 miles
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Madrona School Waldorf Education
7.48 miles
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Nursery
8.14 miles
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Vashon Maury Cooperative Preschool
8.70 miles
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Seattle Early Learning Center
9.84 miles
Frequently Asked Questions
The space currently listed for sale at The Ridge at Payseno asks for $28,250,000.
The Ridge at Payseno totals 73,169 square feet.
The Ridge at Payseno was built in 2022.
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