About this home

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.

Exterior features

Wood

Property details

Heating: Baseboard
Cooling: None
Flooring: Ceramic Tile
Lot: Paved
Sewer: Sewer Connected

Costs

Annual taxes: $5,164 (2026)

Estimate your monthly payment

$4,096/mo

Principal & interest: $3,666
Property taxes: $430

Down payment (20%) $145,000 Interest rate (%) Loan term (years)

Loan amount $580,000

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 Kidder Mathews— David A. Kelley.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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