133 N Marion Street, Bremerton, WA, 98312
About This Home
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.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Average
- Year built: 1942
Materials
- Foundation: Poured Concrete
- Roof: Composition
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 1942
Type & Style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subType: Quadruplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
Features
- Flooring: Ceramic Tile,Engineered Hardwood,Carpet
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None
Interior Area
- Total structure area: 2,738
- Total interior livable area: 2,738 sqft
Property
Details
- Parcel number: 15240131922002
- Zoning description: Jurisdiction: City
- Special condition: Standard
Features
- Has view: Yes
- View description: Territorial
Lot
- Lot size: 0.25 Acres
Parking
- Total spaces: 8
- Uncovered spaces: 8
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
- Heat Wave
- Landslide
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 | $3,382 | $40,584 |
| Home Insurance * | $170 | $2,040 |
| Property Taxes | $480 | $5,760 |
| Electricity | $187 | $2,247 |
| Total | $4,219 | $50,628 |
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 |
|---|---|---|
| 2026-06-26 | Listed for sale | $669,000 |
| 2017-12-03 | Listing removed | $775 |
| 2017-11-21 | Listed for rent | $775 |
| 2017-08-11 | Listing removed | $925 |
| 2017-07-28 | Listed for rent | $925 |
| 2016-07-07 | Listing removed | $850 |
| 2015-08-19 | Listing removed | $600 |
| 2015-08-15 | Listed for rent | $600 |
| 2015-03-20 | Sold | $214,250 |
| 2015-02-08 | Pending sale | $199,500 |
| 2015-01-31 | Listed for sale | $199,500 |
| 2014-10-01 | Listing removed | $199,500 |
| 2014-09-10 | Listed for sale | $199,500 |
| 2014-09-06 | Pending sale | $199,500 |
| 2014-09-06 | Listed for sale | $199,500 |
| 2014-05-31 | Listing removed | $215,000 |
| 2013-12-19 | Listed for sale | $215,000 |
| 2009-04-23 | Sold | $150,000 |
| 2004-12-23 | Sold | $325,000 |
| 2004-07-19 | Sold | $175,100 |
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