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Listed by:Kidder Mathews • David A. Kelley
$ 725,000
Est. payment | /mo
3 Beds
7 Baths
0.25 Acres Lot
$ 725,000
Est. payment | /mo
3 Beds
7 Baths
0.25 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Bremerton
MLS Listing ID 2568500
Style 55 - 5-9 Units
Bedrooms 3
Year Built 1932
Annual Tax Amount $5,164
Lot Size 10,890 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County Kitsap
Area 149 - East Bremerton
Interior
Flooring Ceramic Tile
Fireplace false
Exterior
Exterior Feature Wood
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
New Construction No
Schools
School District Bremerton #100C
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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