133 N Marion Street, Bremerton, WA 98312

Bremerton
Local realty services provided by:ERA Skyview Realty
Listed by: charles burnett
Office: real broker llc.
MLS#:2544918
Source:NWMLS
133 N Marion Street,Bremerton, WA 98312
$669,000
  • - Beds
  • - Baths
  • 2,738 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$669,000
  • Price per sq. ft.:$244.34

About this home

Solid, turnkey fourplex on a large 10,890 SF lot in West Bremerton. Fully occupied with an attractive unit mix of (1) 2-bedroom, (2) 1-bedroom, and (1) studio unit. Strong in-place income with upside through scheduled rent increases and market rent growth. Offered at a 7.4% current cap rate with ~8% projected cap rate at market rents. The property consists of a triplex plus detached one-bedroom cottage with separate electrical meters, coin-operated laundry, and off-street parking. Three of the four units have been cosmetically renovated, including the 2-bedroom unit in 2026. Major capital improvements include fresh exterior paint, extensive roof replacement, foundation stabilization, and updated plumbing and electrical. Conveniently located near PSNS, Olympic College, downtown Bremerton, the Seattle ferry, shopping, and major employers. Excellent investment opportunity offering immediate cash flow and long-term upside in one of Kitsap County's strongest rental markets.

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Home facts

  • Year built:1942
  • Subdivision & Development:Bremerton
  • Listing ID #:2544918
  • Updated:October 01, 2026 at 12:04 PM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile Floor, Engineered Hardwood
  • Living area:2,738 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1942
  • Building area:2,738 sq. ft.
  • Lot area:0.25 Acres
  • Construction Materials:Wood Exterior Finish

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$669,000
  • Price per sq. ft.:$244.34
  • Tax amount:$6,208 (2026)

Parking

  • Total parking spaces:8
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