133 N Marion ST, Bremerton, WA 98312
133 N Marion ST, Bremerton, WA 98312
133 N Marion ST, Bremerton, WA 98312
133 N Marion ST, Bremerton, WA 98312
133 N Marion ST, Bremerton, WA 98312
133 N Marion ST, Bremerton, WA 98312
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Jenn Pederson

Jenn Pederson

+1(808) 205-3000
Listed by:Real Broker LLC • Charles Burnett
$ 669,000
Est. payment | /mo

4 Beds

4 Baths

2,738 SqFt

Save
$ 669,000
Est. payment | /mo
Save

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 $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

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
Jenn Pederson

Experience the power of collaboration with Jenn and her Team of highly successful experienced professionals who focus obsessively on the details of your unique needs, process, transactional excellence, and exceeding expectations. With an exceptional reputation, you can expect to inherit decades of resources, connections, and industry/market knowledge required to confidently and successfully execute all your real estate needs.

+1(808) 205-3000

[email protected]

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133 N Marion ST