Listed by Lumin Brokers of Washington
$949,900

2135 4th St Bremerton, WA 98312

Charleston Neighborhood

Estimated payment $5,424/month

Total Views 5,194
4 Beds
7 Baths
2,812 Sq Ft
$338 Price per Sq Ft

Highlights

  • 0.25 Acre Lot
  • No HOA
  • Baseboard Heating
  • Territorial View
  • Ceramic Tile Flooring
  • High Speed Internet

About This Home

7-plex features four units with 0 bedroom and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. Current long-term tenants are on month-to-month lease. This investment offers a unique opportunity to add value without any updates to the building or units. The rents are significantly below market and can be increased by an average of 15% to meet current market rents. Current Cap Rate of 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

Listing Agent

Rich Kim

Lumin Brokers of Washington License #50106 Listed on: 08/26/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2425557

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,138

Year Built

  • Built in 1932

Lot Details

  • 0.25 Acre Lot
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,812 Sq Ft Home
  • 1-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 7 Bathrooms

Parking

  • 7 Parking Spaces
  • Open Parking

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • West Bremerton Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14240130192004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,138

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1932
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2812
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Basement

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 7

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Puget Sound Energy
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bremerton #100c

Lot Info

  • Parcel Number: 14240130192004
  • Lot Size Acres: 0.25
  • Lot Size Sq Ft: 10890
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 10.24
  • LeasedItems: None
  • TotalMonthlyIncome: 7730

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5138

Multi Family

  • Number Of Units Total: 7
  • EnergySource: Electric,Natural Gas
  • UnitsBelowGrade: true

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2025 08/26/25 For Sale $949,900 0.0% $338 / Sq Ft
05/30/2025 05/30/25 For Rent -- -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2425557

Northwest Multiple Listing Service (NWMLS)
Washington Kitsap County Bremerton 98312 Charleston

2135 4th St, Bremerton, WA

For Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. 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, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

Nearby Homes
Listing Agent
Rich Kim
Section Image
Lumin Brokers of Washington
(360) 215-5013