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Listed by:Real Broker LLC • Charles Burnett
$ 669,000
Est. payment /mo
New
133 N Marion ST Bremerton, WA 98312
4 Beds
4 Baths
2,738 SqFt
UPDATED:
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 $244
Subdivision Bremerton
MLS Listing ID 2544918
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
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.
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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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