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Listed by:Real Broker LLC • Charles Burnett
Listed by:Real Broker LLC • Charles Burnett
$ 635,500
Est. payment | /mo
4 Beds
4 Baths
2,738 SqFt
$ 635,500
Est. payment | /mo
4 Beds
4 Baths
2,738 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,738 sqft
Price per Sqft $232
Subdivision Bremerton
MLS Listing ID 2603099
Style 54 - 4-Plex
Bedrooms 4
Year Built 1942
Annual Tax Amount $6,208
Lot Size 10,890 Sqft
Property Sub-Type Multi Family
Property Description
4 Units | 8% Current Cap Rate. West Bremerton investment property consisting of a triplex plus detached one-bedroom cottage on a 10,890 SF lot. Strong in-place income with additional upside from scheduled rent increases and potential adjustments to market rents. Three of the four units have been cosmetically renovated, including the 2-bedroom unit in 2026. Major improvements include fresh exterior paint, extensive roof replacement, foundation, and updated plumbing and electrical. Separate electrical meters, coin-operated laundry, and off-street parking. Three units are leased on 12-month terms, while one is month-to-month, offering potential flexibility for an owner-occupant buyer. Conveniently located near PSNS, Olympic College, downtown Bremerton, Seattle ferry service, shopping, and major employers. An opportunity to acquire a four-unit property with an 8% current cap rate, established rental income, and significant capital improvements already completed.
Location
State WA
County Kitsap
Area 148 - West Bremerton
Interior
Flooring Ceramic Tile, Engineered Hardwood, Carpet
Fireplace false
Exterior
Exterior Feature Wood
View Y/N Yes
View Territorial
Roof Type Composition
Building
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Bremerton #100C
Others
Senior Community No
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
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