2135 4th Street, Bremerton, WA 98312 | MLS #NWM2425557 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of Lumin Brokers of WashingtonNWMLSas Distributed by MLSGrid- MLS# NWM2425557MLS Provider

2135 4th StreetBremerton, WA 98312

Multi-Family · 4 Beds · 2,812 Sq. ft. | 0.25 Acres
$799,900 Active

2135 4th Street Overview

Visits:
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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 8.22% would be raised to 10.01%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!

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2135 4th Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,812
  • Price/Sq.ft. $284
  • Lot 0.25 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Bremerton #100c

Income/Expenses

  • Other Expense: 3000
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 92760
  • Insurance Expense: 4500
  • Net Operating Income: 65722
  • Total Expenses: 27038
  • Total Monthly Income: 7730
  • Water/Sewer/Garbage: 14400

Building Information

  • New Construction: No
  • Year Built: 1932

Location/Region

  • Country: US
  • County Or Parish: Kitsap
  • MLS Area Major: 148 - West Bremerton
  • Subdivision Name: West Bremerton

Community/Development

  • Amenities: Basement

Tax Information

  • Tax Annual Amount: $5,138.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional, See Remarks
  • Parcel Number: 14240130192004
  • Possible Use: Multi-Family
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2812
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2812
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2812
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking Spaces: 7
  • Open Parking: Yes
  • Parking Uncovered Spaces: 7

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.25
  • Lot Size Square Feet: 10890
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, High Speed Internet
  • Elevation Units: Feet

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Wood
  • Number Of Units Total: 7
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1080
  • Beds Total: 0
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1080
  • Beds Total: 0
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1080
  • Beds Total: 0
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1185
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1335
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 985
  • Beds Total: 0
  • Baths Total: 1

Unit 7 Details

  • Actual Rent: 985
  • Beds Total: 2
  • Baths Total: 1

2135 4th Street Neighborhood

Community

98312 (Bremerton) Demographics

37
Median Age
452
Population Density (per sq. mile)
40%
College Educated
$68,195
Estimated Median Income
7,802
Estimated Total Home Owners
4,791
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2135 4th Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

2135 4th Street Market Data

Based on the last 30 days in this zip code

$630,112
Average List Price
$311
Average Price per Square Foot
35
Properties Sold
78
Average Days on Market
246
Properties for Sale
Calculations provided by Reliance Network