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  • Listed by: Real Broker LLC • Charles Burnett
    $669,000

    133 N Marion Street, Bremerton, WA 98312

    4beds
    4baths
    2,738sqft
    : 
    $4,118/mo
    Get pre-qualified
    Quadruplex, Multi Family
    Built in 1942
    -- sqft lot
    $658,500 Zestimate®
    $244/sqft
    $-- HOA

    What's special

    Off-street parkingCoin-operated laundryUpdated plumbing and electricalDetached one-bedroom cottageExtensive roof replacementFresh exterior paint
    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.
    41 days
    |
    223
    |
    11
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    Zillow last checked:

    Listing updated:

    Listed by:

    Charles Burnett,

    Real Broker LLC

    Source: NWMLS as distributed by MLS GRID,MLS#: 2544918MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      Heating
      • Baseboard, Electric
      Cooling
      • None
      Features
      • Flooring: Ceramic Tile, Engineered Hardwood, Carpet
      • Has fireplace: No
      Interior area
      • Total structure area: 2,738
      • Total interior livable area: 2,738 sqft

      Property

      Parking
      • Total spaces: 8
      • Uncovered spaces: 8
      Features
      • Has view: Yes
      • View description: Territorial
      Lot
      • Size: 0.25 Acres
      Details
      • Parcel number: 15240131922002
      • Zoning description: Jurisdiction: City
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: 4-Plex
      • Property subtype: Quadruplex, Multi Family
      Materials
      • Wood Siding
      • Foundation: Poured Concrete
      • Roof: Composition
      Condition
      • Average
      • Year built: 1942
      • Major remodel year: 1942

      Utilities & green energy

      • Sewer: Sewer Connected
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Bremerton
      Location
      • Region: Bremerton

      Financial & listing details

      • Price per square foot: $244/sqft
      • Tax assessed value: $700,410
      • Annual tax amount: $6,208
      • Date on market: 6/26/2026
      • Cumulative days on market: 42 days
      • Listing terms: Conventional,VA Loan

        Estimated market value

        $658,500

        $626,000 - $691,000

        $2,048/mo

        Price history

        DateEventPrice
        6/26/2026Listed for sale$669,000+212.3%$244/sqft
        Source: NWMLS as distributed by MLS GRID #2544918 Report a problem
        12/3/2017Listing removed$775
        Source: Peninsula Property Management Report a problem
        11/21/2017Listed for rent$775-16.2%
        Source: Peninsula Property Management Report a problem
        8/11/2017Listing removed$925
        Source: Peninsula Property Management Report a problem
        7/28/2017Listed for rent$925+8.8%
        Source: Peninsula Property Management Report a problem
        7/7/2016Listing removed$850+41.7%
        Source: Peninsula Property Management Report a problem
        8/19/2015Listing removed$600
        Source: Peninsula Property Management Report a problem
        8/15/2015Listed for rent$600
        Source: Peninsula Property Management Report a problem
        3/20/2015Sold$214,250+7.4%$78/sqft
        Source: NWMLS as distributed by MLS GRID #737407 Report a problem
        2/8/2015Pending sale$199,500$73/sqft
        Source: Windermere Real Estate/West Sound, Inc #737407 Report a problem
        1/31/2015Listed for sale$199,500$73/sqft
        Source: Windermere Real Estate/West Sound, Inc #737407 Report a problem
        10/1/2014Listing removed$199,500$73/sqft
        Source: Windermere Real Estate/West Sound, Inc #661371 Report a problem
        9/10/2014Listed for sale$199,500$73/sqft
        Source: Windermere Real Estate/West Sound, Inc #661371 Report a problem
        9/6/2014Pending sale$199,500$73/sqft
        Source: Windermere Real Estate/West Sound, Inc #661371 Report a problem
        9/6/2014Listed for sale$199,500-7.2%$73/sqft
        Source: Windermere Real Estate/West Sound, Inc #661371 Report a problem
        5/31/2014Listing removed$215,000$79/sqft
        Source: Windermere Real Estate/West Sound, Inc #574807 Report a problem
        12/19/2013Listed for sale$215,000+43.3%$79/sqft
        Source: Windermere Real Estate/West Sound, Inc #574807 Report a problem
        4/23/2009Sold$150,000-53.8%$55/sqft
        Source: Public Record Report a problem
        12/23/2004Sold$325,000+85.6%$119/sqft
        Source: Public Record Report a problem
        7/19/2004Sold$175,100$64/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,206 +10.6%$700,410 +10%
        2024$5,613 +13.6%$636,620 +9.6%
        2023$4,942 +1.8%$580,820 +5.2%
        2022$4,853 +27.7%$551,900 +42%
        2021$3,801 +5.6%$388,550 +15.3%
        2020$3,600 +25.4%$336,900 +21.1%
        2019$2,870 -0.3%$278,110 +56.4%
        2018$2,878 $177,860
        2017$2,878 +23.6%$177,860 +13.8%
        2016$2,329 +7.7%$156,280 -25.1%
        2015$2,162 $208,650 +5.3%
        2014$2,162 -25.4%$198,180 -6.5%
        2013$2,900 +32%$211,970 +23.7%
        2012$2,197 $171,300
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 98312

        Getting around

        70 / 100
        Somewhat Walkable
        29 / 100
        Some Transit
        39 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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