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.
| MLS # | 2568500 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1932 |
| Days On Site | 47 |
| Listing Provided By | Kidder Mathews | David A. Kelley |
| SQ Feet | 3,350 |
|---|---|
| Story(s) | 1 |
| Units | 7 |
| Zoning | Multi-Family |
| Acreage | 0.25 |
| Property | 5164 |
|---|
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98312 |
| Area | 149 East Bremerton |
| Community Name | Bremerton |
| Listing VS Median (in Bremerton) | |
Price: $725,000 low | high Med: $500,000 sqft: 3,350 low | high Med: 1,623 $ / sqft: $216 low | high Med: $308 On site: 47 low | high Med: 80 | |
| State | WA |
|---|---|
| County | Kitsap |
| City | Bremerton |
| Zip Code | 98312 |
| Area | 149 East Bremerton |
| Community Name | Bremerton |
| Listing VS Median (in Bremerton) | |
Price: $725,000 low | high Med: $500,000 sqft: 3,350 low | high Med: 1,623 $ / sqft: $216 low | high Med: $308 On site: 47 low | high Med: 80 | |