Plisko Place 1621 Plisko Ln 58 Unit Apartment Building For Sale Port Orchard, WA 98366

JLL, as exclusive advisor, is pleased to present the outstanding opportunity to acquire Plisko Place Apartments, a brand-new condo-quality asset located in Port Orchard, Washington.
Delivered in July of 2025, Plisko Place Apartments (the “Property” or “Subject”) is a 58-unit midrise property located in Port Orchard, Washington. The Property presents a new investor with best-in-class luxury-grade amenities and unit features, many of which are not available at any other comparable newly constructed property in Kitsap County. Plisko Place Apartments offers thoughtfully designed 1-bedroom 1-bathroom units, 2-bedroom 2-bathroom units, and 3-bedroom 2-bathroom units, with 20% of units designated as affordable as part of the Multifamily Tax Exemption (MFTE) program in return for a 12-year abatement of taxes on the assessed value of improvements. This highly-amenitized property also features a clubhouse, a fenced-in bark park, bicycle storage, and a picnic area with barbecues.
These condo-quality units are equipped with air conditioning in every unit, full-sized refrigerators, quartz countertops, stainless steel appliances, large walk-in closets, and soft-close cabinets, offering tenants a “no-expense-spared” alternative to homeownership. The Property features 9-foot ceilings in standard units and 12 to 14-foot ceilings in select units, as well as radiant heat in all units.
Located just a 4-minute drive from Port Orchard’s quaint downtown and across the street from a newly-revitalized retail center under new ownership, the Property is surrounded by 1.9 million square feet of retail within a 1.5-mile radius. The Property benefits from the concentrated naval presence brought by Naval Base Kitsap, the largest employer in Kitsap County with 50K employees. With $22 billion in shipyard upgrades pledged by the Navy in 2021, the community has seen a substantial uptick in economic activity, including a $378 million contract signed in September generating 1.2K jobs. Adjacent to two bus stops and just a 4-minute drive from the Port Orchard Foot Ferry and the Bremerton-Annapolis Foot Ferry, and an 18-minute drive to the Bremerton Ferry, the Property offers seamless connectivity to the broader Puget Sound region.