Bainbridge Island

2135 4th Street Bremerton WA 98312 MLS #NWM2425557

2135 4th Street
Bremerton, WA, 98312
$824,900
4 Beds
7 Baths
2,812 SqFt
0.25 Acres
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MLS #NWM2425557 image #0
Listing Provided Courtesy of Lumin Brokers of Washington
7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 7.97% would be raised to 9.71%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

Property Details

Price:
$824,900
MLS #:
NWM2425557
Status:
Active
Beds:
4
Baths:
7
Type:
Multi Family
Subdivision:
West Bremerton
Neighborhood:
148westbremerton
Listed Date:
Aug 26, 2025
Finished Sq Ft:
2,812
Total Sq Ft:
2,812
Lot Size:
10,890 sqft / 0.25 acres (approx)
Year Built:
1932
Units:
7
148 – West Bremerton148westbremertonWest BremertonBremerton #100cTerritorial

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Schools

School District:
Bremerton #100c

Interior

Cooling
None
Flooring
Ceramic Tile, Carpet
Heating
Baseboard

Exterior

Construction Materials
Wood
Exterior Features
Wood
Lot Features
Paved
Open Parking Spaces
7
Open Parking YN
1
Roof
Composition
View
Territorial

Financial

Net Operating Income
$65,722
Tax Year
2025
Taxes
$5,138

Map

Community

Market Summary

Current real estate data for Multi Family in Bremerton as of Jun 03, 2026
26
Multi Family Listed
90
Avg DOM
264
Avg $ / SqFt
$921,904
Avg List Price

Property Summary

    Located in the West Bremerton subdivision, 2135 4th Street Bremerton WA is a Multi Family for sale in Bremerton, WA, 98312. It is listed for $824,900 To schedule a showing of MLS#nwm2425557 at 2135 4th Street in Bremerton, WA, contact your The Agency Bainbridge Island agent at 2068668002.

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