2135 4th Street, Bremerton, WA, 98312
About This Home
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 7.51% would be raised to 9.15%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1932
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1932
Type & Style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 7
Features
- Flooring: Ceramic Tile,Carpet
Heating & Cooling
- Heating features: Baseboard,Electric,Natural Gas
- Cooling features: None
Interior Area
- Total structure area: 2,812
- Total interior livable area: 2,812 sqft
Property
Details
- Parcel number: 14240130192004
- Zoning description: Multi-Family,Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 0.25 Acres
- Features: Paved,Cable TV,High Speed Internet
Parking
- Total spaces: 7
- Parking features: Open
- Has uncovered spaces: Yes
- Uncovered spaces: 7
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
How This Home’s Risks Compare
FEMA Declared Disasters in Kitsap County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,791 | $45,492 |
| Home Insurance * | $191 | $2,292 |
| Property Taxes | $527 | $6,324 |
| Electricity | $192 | $2,308 |
| Total | $4,701 | $56,412 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Price change | $874,900 |
| 2026-04-24 | Price change | $899,900 |
| 2025-08-26 | Listed for sale | $949,900 |
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