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About the Listing 6529 - 36996
Solid, turnkey fourplex on a large 10,890 SF lot in West Bremerton. Fully occupied with an attractive unit mix of (1) 2-bedroom, (2) 1-bedroom, and (1) studio unit. Strong in-place income with upside through scheduled rent increases and market rent growth. Offered at a 7.4% current cap rate with ~8% projected cap rate at market rents. The property consists of a triplex plus detached one-bedroom cottage with separate electrical meters, coin-operated laundry, and off-street parking. Three of the four units have been cosmetically renovated, including the 2-bedroom unit in 2026. Major capital improvements include fresh exterior paint, extensive roof replacement, foundation stabilization, and updated plumbing and electrical. Conveniently located near PSNS, Olympic College, downtown Bremerton, the Seattle ferry, shopping, and major employers. Excellent investment opportunity offering immediate cash flow and long-term upside in one of Kitsap County's strongest rental markets.
Listing Highlights
Status
Active
Days on Site
20
Property Type
Multi-Family
MLS ®
2544918
Year Built
1942
Total Square Footage
2,469
Lot/Acreage
0.25
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces: 0
- Floor: Ceramic Tile,Engineered Hardwood,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof: Composition
- Others: Wood,Average
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $6,208
- Taxes w/Assessments: N/A
- Tax/Property ID: 15240131922002
- Tax Year: 2026
Payment Calculator
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Questions About..
133 N Marion St Bremerton, WA 98312
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