Active · Residential Income

2135 4th Street , Bremerton, WA 98312

Bremerton, WA 98312

$725,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Kidder Mathews · MLS #2568500 · Active

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About this property

This offering presents a 7-unit value-add multifamily opportunity in Bremerton, priced at $725,000 and offered north of a 7% cap rate on in-place income. Like much of the surrounding submarket's older housing stock, the property offers dated interiors and a clear path for new ownership to drive rents through unit-by-unit renovations and modernization — positioning the asset for meaningful upside as units turn. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, supporting steady renter demand and a durable tenant base for well-located multifamily product in the submarket. For an investor seeking an attractive going-in yield with a manageable-scale renovation opportunity, 2135 4th St offers an efficient, well-priced entry point into the Bremerton multifamily market.

Property details

Property type: Multi Family
Year built: 1932
Lot size: 10,890 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $5,164 (2026)
Parking spaces: 7
School district: Bremerton #100c

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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