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 8.48% would be raised to 10.33%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
Active
Listed by: Lumin Brokers of Washington • Rich Kim
Price cut: $25K (6/30)
$774,900
2135 4th Street, Bremerton, WA 98312
4beds
7baths
2,812sqft
Multi Family
Built in 1932
-- sqft lot
$-- Zestimate®
$276/sqft
$-- HOA
What's special
- 314 days |
- 315 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Rich Kim,
Lumin Brokers of Washington
Source: NWMLS as distributed by MLS GRID,MLS#: 2425557
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 7
Heating
- Baseboard, Electric, Natural Gas
Cooling
- None
Features
- Flooring: Ceramic Tile, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,812
- Total interior livable area: 2,812 sqft
Property
Parking
- Total spaces: 7
- Parking features: Open
- Uncovered spaces: 7
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.25 Acres
- Features: Paved, Cable TV, High Speed Internet
Details
- Parcel number: 14240130192004
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1932
- Major remodel year: 1932
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Bremerton
- Water: Company: City of Bremerton
Community & HOA
Community
- Subdivision: West Bremerton
Location
- Region: Bremerton
Financial & listing details
- Price per square foot: $276/sqft
- Tax assessed value: $582,580
- Annual tax amount: $5,138
- Date on market: 8/25/2025
- Cumulative days on market: 316 days
- Listing terms: Conventional,See Remarks
Estimated market value
Not available
Estimated sales range
Not available
$2,960/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Price change | $774,900-3.1%$276/sqft |
Source:  NWMLS as distributed by MLS GRID #2425557 Report a problem | ||
| 6/16/2026 | Price change | $799,900-3%$284/sqft |
Source: NWMLS as distributed by MLS GRID #2425557 Report a problem | ||
| 6/2/2026 | Price change | $824,900-2.9%$293/sqft |
Source: NWMLS as distributed by MLS GRID #2425557 Report a problem | ||
| 5/19/2026 | Price change | $849,900-2.9%$302/sqft |
Source: NWMLS as distributed by MLS GRID #2425557 Report a problem | ||
| 5/6/2026 | Price change | $874,900-2.8%$311/sqft |
Source: NWMLS as distributed by MLS GRID #2425557 Report a problem | ||
| 4/24/2026 | Price change | $899,900-5.3%$320/sqft |
Source: NWMLS as distributed by MLS GRID #2425557 Report a problem | ||
| 8/26/2025 | Listed for sale | $949,900$338/sqft |
Source: NWMLS as distributed by MLS GRID #2425557 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,136 +3.6% | $582,580 |
| 2023 | $4,957 -3.3% | $582,580 |
| 2022 | $5,123 +15.3% | $582,580 +28.3% |
| 2021 | $4,442 +4.9% | $454,150 +14.6% |
| 2020 | $4,233 +30.5% | $396,150 +26% |
| 2019 | $3,245 -6.7% | $314,410 +88.7% |
| 2018 | $3,477 | $166,650 |
| 2017 | $3,477 +59.4% | $166,650 +36.5% |
| 2016 | $2,182 +29.1% | $122,130 -14.8% |
| 2015 | $1,690 | $143,360 +5% |
| 2014 | $1,690 -15.2% | $136,580 -11.2% |
| 2013 | $1,993 -43.4% | $153,800 -47.9% |
| 2011 | $3,521 +2.8% | $295,260 -5% |
| 2010 | $3,426 +21.4% | $310,900 +12% |
| 2009 | $2,823 +5.5% | $277,570 |
| 2008 | $2,677 +0.7% | $277,570 +11% |
| 2007 | $2,659 +19% | $250,060 +49.9% |
| 2005 | $2,233 | $166,870 +40.5% |
| 2002 | -- | $118,800 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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
Nearby schools
GreatSchools rating
- 5/10Naval Avenue Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 3/10Mountain View Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Bremerton High SchoolGrades: 9-12Distance: 0.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- Kitsap County
- Bremerton
- 98312
- 2135 4th Street
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Nearby neighborhoods
Nearby zip codes
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