About this home

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.

Exterior features

Wood

Property details

Heating: Baseboard
Cooling: None
Flooring: Ceramic Tile, Engineered Hardwood, Carpet
View: Territorial
Water source: Public
Sewer: Sewer Connected

Costs

Annual taxes: $6,208 (2026)

Estimate your monthly payment

$3,900/mo

Principal & interest: $3,383
Property taxes: $517

Down payment (20%) $133,800 Interest rate (%) Loan term (years)

Loan amount $535,200

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Bremerton, WA 98312

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Real Broker LLC— Charles Burnett.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

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