133 N Marion Street, Bremerton, WA 98312
- $669,000
- 2,738
- SqFt
Listing courtesy of Real Broker LLC.
- List Price
- $669,000
- Status
- ACTIVE
- MLS#
- 2544918
- Days on Market
- 30
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 2,738
- Area Total SqFt
- 2738
- Annual Tax Ammount
- 6208
- Lot Size (sq ft)
- 10,890
- Sewer
- Sewer Connected
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.
/u.realgeeks.media/pnwcasas/PNWCasas_BLK_Logo.jpg){kind=logo}
Additional Information
- List Date
- 2026-06-26 22:12:19
- Community
- Bremerton
- Net Operating Income
- $49,449
- Gross Adjusted Income
- $64,927
- Gross Scheduled Income
- $65,580
- Total Monthly Income
- $5,740
- Insurance Expenses
- $2,502
- Water/Sewer/Garbage Expenses
- $4,590
- Gross Rent Multiplier
- 10
- Total Expenses
- $15,478
- Cap Rate
- 7.5
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 133
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1942
- View
- Territorial
- Roof
- Composition
- Electric Expenses
- 540
- Other Expenses
- 1638
- Energy Source
- Electric
- School District
- Bremerton #100c
- Total Monthly Income
- $5,740
- Gross Scheduled Income
- $65,580
- Vacancy Rate
- 1
- Gross Adjusted Income
- $64,927
- Tax Year
- 2026
- Insurance Expense
- $2,502
- W/S/G Expenses
- $4,590
- Total Expenses
- $15,478
- Net Operating Income
- $49,449
- Gross Rent Multiplier
- 10
- Cap Rate
- 7.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.