Bremerton, WA 98312 2135 4th Street
$949,900
10 more
Presented By: Lumin Brokers of Washington and NWMLS
- MLS# 2425557
- 08/26/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 2,812
Home Details
7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
Presented By: Lumin Brokers of Washington and NWMLS
Interior Features for 2135 4th Street
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories1
General for 2135 4th Street
AmenitiesBasement
Building Area UnitsSquare Feet
Cap Rate6.92
Carport Spaces
Carport Y/NNo
CityBremerton
CoolingNone
CountyKitsap
DirectionsFrom WA-304. North onto Naval Ave. Left onto 4th St. Property is on the left.
Electric Expense
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High School DistrictBremerton #100c
Insurance Expense4500
Leasable Area2812
Listing TermsCash Out, Conventional, See Remarks
Lot Size Square Feet10890
Lot Size UnitsSquare Feet
MLS Area148 – West Bremerton
ModificationTimestamp2025-08-29T20:09:12.748Z
NWM_ShowMapLinkY
Net Operating Income65722
New ConstructionNo
Number Of Units Total7
Open Parking Spaces7
PossessionSubject to Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. T
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameWest Bremerton
Tax Annual Amount5138
Tax Year2025
Units Below Gradetrue
Units In Building Total7
ViewTerritorial
Water CompanyCity of Bremerton
Water Sewer Garbage14400
Year Built1932
Zoning DescriptionMulti-Family
Exterior for 2135 4th Street
Building Area Total2812
Covered Spaces
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved
Lot Size Acres0.25
Parking Uncovered Spaces7
Site FeaturesCable TV, High Speed Internet
Total Parking7
Waterfront Y/NNo
Additional Details
Price History
Josh QA1
REALTOR ® SRES ®