2135 4th Street, Bremerton, WA 98312 (MLS # 2568500)

Listing provided courtesy of Northwest MLS; Kidder Mathews

PRICE	$725,000
BEDS	0
BATHS	0
HOME SIZE	n/a
LOT SIZE	10,890 sqft

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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.

LAST UPDATED	8/12/2026	TRACT	Bremerton
YEAR BUILT	1932	COMMUNITY	Bremerton
COUNTY	Kitsap	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	None
AREA	149 - East Bremerton
CONSTRUCTION	Wood Siding
HEAT	Baseboard, Electric
LOT	0.25 acre(s)
LOT DESCRIPTION	Paved
MLS STATUS	Active
STORIES	1
STYLE	55 - 5-9 Units
SUBDIVISION	Bremerton
TAXES	5164
UTILITIES	Sewer Connected
ZONING	Multi-Family

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/12/26 7:53 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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