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$725,000

  • For Sale
  • Active
  • Multi-Family
  • Updated 12 days ago

Listed by David A. Kelley | Kidder Mathews | (360) 705-2800

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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.

Full Property Details for 2135 4th St

General

  • Price: $725,000
  • Taxes: $5,164 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2568500
  • Updated: 8/12/2026
  • Added to Site: 14 day(s) ago

Interior

  • Flooring: Ceramic Tile

Parking

  • Uncovered Spaces: 7

Location

  • Area: 149 - East Bremerton
  • County: Kitsap
  • Subdivision: Bremerton
  • Driving Directions: Take S 13th Wye St to I-705 S / Take WA-16 W to WA-3 N in Gorst / Continue on WA-3 N. Take WA-304 E to 4th St in Bremerton

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
  • Year Built: 1932
  • Property Condition: Fair

Unit Information

  • Units in Building: 7

Lot Features

  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 10,890
  • Lot Size Source: Public Records
  • Lot Features: Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $5,164
  • Tax Year: 2026
  • Terms: Cash

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 14240130192004

Listed by David A. Kelley | Kidder Mathews | (360) 705-2800

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NMLS#: 1598647

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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 ATTOM Data Solutions 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
8/12/2026
Listed
$725,000
-95.95%
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
2026
$5,164
1%
$582,580
—
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 David A. Kelley | Kidder Mathews | (360) 705-2800

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2135 4th Street, Bremerton, WA 98312 (MLS# 2568500) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 2135 4th Street is currently listed for $725,000 and was received on August 12, 2026. Want to learn more about 2135 4th Street? Do you have questions about finding other Multi-Family real estate for sale in Charleston? You can browse all Charleston real estate or contact a Coldwell Banker agent to request more information.

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