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+12534953939
Real Broker LLC
133 N Marion Street, Bremerton, WA 98312
- $635,500
- 2,738
- SqFt
Listing Broker: Real Broker LLC; Charles Burnett; 206-931-6036; charles@soundrealtygroup.com
- List Price
- $635,500
- Status
- ACTIVE
- MLS#
- 2603099
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 2,738
- Area Total SqFt
- 2738
- Annual Tax Ammount
- 6208
- Lot Size (sq ft)
- 10,890
- Sewer
- Sewer Connected
Property Description
4 Units | 8% Current Cap Rate. West Bremerton investment property consisting of a triplex plus detached one-bedroom cottage on a 10,890 SF lot. Strong in-place income with additional upside from scheduled rent increases and potential adjustments to market rents. Three of the four units have been cosmetically renovated, including the 2-bedroom unit in 2026. Major improvements include fresh exterior paint, extensive roof replacement, foundation, and updated plumbing and electrical. Separate electrical meters, coin-operated laundry, and off-street parking. Three units are leased on 12-month terms, while one is month-to-month, offering potential flexibility for an owner-occupant buyer. Conveniently located near PSNS, Olympic College, downtown Bremerton, Seattle ferry service, shopping, and major employers. An opportunity to acquire a four-unit property with an 8% current cap rate, established rental income, and significant capital improvements already completed.
Additional Information
- Community
- Bremerton
- Net Operating Income
- $49,449
- Gross Adjusted Income
- $64,927
- Gross Scheduled Income
- $65,580
- Total Monthly Income
- $5,740
- Insurance Expenses
- $2,502
- Water/Sewer/Garbage Expenses
- $4,590
- Gross Rent Multiplier
- 10
- Total Expenses
- $15,478
- Cap Rate
- 8
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 133
- Potential Terms
- Cash, Conventional, VA Loan
- Year Built
- 1942
- View
- Territorial
- Roof
- Composition
- Electric Expenses
- 540
- Other Expenses
- 1638
- Energy Source
- Electric
- School District
- Bremerton #100c
- Total Monthly Income
- $5,740
- Gross Scheduled Income
- $65,580
- Vacancy Rate
- 1
- Gross Adjusted Income
- $64,927
- Tax Year
- 2026
- Insurance Expense
- $2,502
- W/S/G Expenses
- $4,590
- Total Expenses
- $15,478
- Net Operating Income
- $49,449
- Gross Rent Multiplier
- 10
- Cap Rate
- 8
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.