LKV Realty
Logo
Charles BurnettReal Broker LLC
$669,000
133 N Marion Street, Bremerton, WA 98312Listing ID 2544918

133 N Marion Street, Bremerton, WA 98312

Active
Bremerton
Last updated: Jul 15, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Multi Family
Square Feet
Square Feet
2,738
Acres
Acres
0.25
Cooling
Cooling
None
Heating
Heating
Baseboard
Year Built
Year Built
1942

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.

Property Information

Property Details

Location

Address
133 N Marion Street
County
Kitsap
City
Bremerton
Zip Code
98312
Subdivision
Bremerton
School District
Bremerton #100c
MLS Area
148 - West Bremerton

Interior Features

Heating and Cooling

Cooling
None
Heating
Baseboard

Building

Building Information

Square Feet
2,738
Year Built
1942
Construction
Wood
Foundation
Poured Concrete
Roof
Composition
Condition
Average

Financial

Special Conditions
None

Property Taxes

Tax Annual Amount
$6,208
Tax Year
2026
Source: Northwest Multiple Listing Service
Northwest Multiple Listing Service logo

Based on information submitted to the MLS GRID as of 17 Aug 2026, 02:44 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

For corrections to this data please contact Brytecore MLS Support.

NWM36996

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.