2135 4th Street, Bremerton, WA 98312

Bremerton
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: david a. kelley
Office: kidder mathews360-705-2800
MLS#:2568500
Source:NWMLS
2135 4th Street,Bremerton, WA 98312
$725,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$725,000

About this home

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.

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Home facts

  • Year built:1932
  • Subdivision & Development:Bremerton
  • Listing ID #:2568500
  • Updated:November 12, 2026 at 10:01 AM

Rooms and interior

  • Flooring:Ceramic Tile Floor

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1932
  • Lot area:0.25 Acres
  • Lot Features:Paved
  • Construction Materials:Wood Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$725,000
  • Tax amount:$5,164 (2026)

Parking

  • Total parking spaces:7
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