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$949,900

  • For Sale
  • Active
  • Multi-Family

Listed by Rich Kim | Lumin Brokers of Washington | (855) 586-4692

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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!

Full Property Details for 2135 4th St

General

  • Price: $949,900
  • Taxes: $5,138 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2425557
  • Updated: 8/29/2025
  • Added to Site: 145 day(s) ago

Interior

  • Flooring: Ceramic Tile, Carpet

Additional Information

  • Amenities: Cable TV, High Speed Internet

Parking

  • Uncovered Spaces: 7

Location

  • Area: 148 - West Bremerton
  • County: Kitsap
  • Subdivision: West Bremerton
  • Driving Directions: From WA-304. North onto Naval Ave. Left onto 4th St. Property is on the left.

School Information

  • High School District: Bremerton #100c

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 2,812
  • Year Built: 1932
  • Property Condition: Good

Unit Information

  • Units in Building: 7

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 10,890
  • Lot Size Source: Realist
  • Lot Features: Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $5,138
  • Tax Year: 2025
  • Terms: Cash Out, Conventional, See Remarks

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 14240130192004

Listed by Rich Kim | Lumin Brokers of Washington | (855) 586-4692

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 2135 4th St

School District:Bremerton School District
NameGradesDistance
Naval Avenue Elementary School
900 Olympic Avenue, Bremerton, WA 98312
PK-50.3 mi
Mountain View Middle School, Bremerton, WA
2400 Perry Avenue, Bremerton, WA 98310
6-81.9 mi
Bremerton High School
1500 13th Street, Bremerton, WA 98337
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2135 4th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/26/2025
Listed
$949,900
-94.7%
MLS
1/26/2022
Sold
$17,918,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2135 4th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,136
4%
$582,580
—
2024
$4,956
-3%
$582,580
—
2023
$5,123
—
$582,580
28%
2023
$5,125
21%
$454,150
15%
2021
$4,235
—
$396,150
20%
2021
$4,235
20%
$330,120
5%
2020
$3,533
9%
$314,410
19%
2019
$3,247
-7%
$264,270
59%
2018
$3,477
59%
$166,650
36%
2017
$2,182
29%
$122,130
-15%
2016
$1,690
-15%
$143,360
5%
2015
$1,993
2%
$136,580
—
2014
$1,958
—
$136,580
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Rich Kim | Lumin Brokers of Washington | (855) 586-4692

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2135 4th Street, Bremerton, WA 98312 (MLS# 2425557) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 2135 4th Street is currently listed for $949,900 and was received on August 26, 2025. Want to learn more about 2135 4th Street? Do you have questions about finding other Multi-Family real estate for sale in Bremerton? You can browse all Bremerton real estate or contact a Coldwell Banker agent to request more information.

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