For Sale223d on marketHistoric · 94 yrs
2135 4th Street
Bremerton, WA, 98312 • 98312 • Kitsap County
$949,900
$338/sqft
4Beds
7Baths
2,812Sqft
0.25 acLot
1932Built
Property DNA
Territorial Views
Territorial
5-9 Units Style
Built 1932 · 94 years of history
West Bremerton
98312
Ceramic Tile Floors
Quality flooring throughout
This home is getting attention
Listed 223 days ago · 450 views · 9 saves
Market activity
Demand and pricing signals for this listing
450 views
People checking out this listing
9 saves
Buyers have saved this home
223 days on market
Established listing
$338/sqft
Price per square foot
About this home
Multi Family · Built 1932 · Historic
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 6.92% would be raised to 8.43%! Opportunity to renovate and increase rent even more in the future. DSCR loans available. DO NOT DISTURB TENANTS!
Estimated monthly payment
Based on current rates
$5,890/month
Principal & Interest$4,624
Property Tax$950
Insurance$317
Down payment20% ($189,980)
3%50%
Est. 6.14% rate · 30yr fixed · $759,920 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1932
HeatingBaseboard, Electric, Natural Gas
CoolingNone
Parking7 Open Parking spaces
Days on Zillow223 Days
Price/sqft$338
Property
Home typeMulti Family
Sub-typeMulti Family
Style5-9 Units
ConditionGood
Year built1932
Systems
HeatingBaseboard, Electric, Natural Gas
CoolingNone
RoofComposition
ConstructionWood Siding
Water / SewerCompany: City of Bremerton / Sewer Connected, Company: City of Bremerton
Parking & Outdoor
ParkingOpen
Lot0.25 Acres
Location & Tax
Neighborhood98312
Annual tax$5,138
Parcel14240130192004
Features & details
7 categories of property features
Interior Features
Flooring
Ceramic Tile
Carpet
Heating
Baseboard
Electric
Natural Gas
Cooling
None
Exterior Features
Parking
Open
Construction
Wood Siding
Lot Features
Paved
Cable TV
High Speed Internet
Views
Territorial
Listing insights
Market data and value estimates
StatusFor Sale
Days on market223
Est. rent$3,092/mo
Tax rate0.76%
Price/sqft$338
On marketAug 25, 2025
PostedAug 26, 2025
MLS statusActive
MLS updatedDec 4, 2025
Tour days9
Views450
Favorites9
How are the schools in Bremerton?
3 schools rated nearby
Location
Bremerton, WA, 98312
Price history
1 event
DateEventPrice$/sqftSource
Aug 26, 2025Listed For Sale$949,900$338NWMLS as distributed by MLS GRID
Listed For Sale$949,900
Aug 26, 2025•$338/sqft•NWMLS as distributed by MLS GRID
Tax history
19 years of records
YearTax paidAssessed value
Apr 7, 2024$5,136$582,580
Apr 7, 2023$4,957$582,580
Apr 7, 2022$5,123$582,580
Apr 7, 2021$4,442$454,150
Apr 7, 2020$4,233$396,150
Apr 7, 2019$3,245$314,410
Apr 7, 2018$3,477$166,650
Apr 7, 2017$3,477$166,650
Apr 7, 2016$2,182$122,130
Apr 7, 2015$1,690$143,360
Apr 7, 2014$1,690$136,580
Apr 7, 2013$1,993$153,800
Apr 7, 2011$3,521$295,260
Apr 7, 2010$3,426$310,900
Apr 7, 2009$2,823$277,570
Apr 7, 2008$2,677$277,570
Apr 7, 2007$2,659$250,060
Apr 7, 2005$2,233$166,870
Apr 7, 2002—$118,800
Nearby homes
Neighborhood details
Local context around this listing
Bremerton, WA • Kitsap County
Nearby neighborhoods
Kitsap Lake
Nearby cities
Bainbridge IslandBremertonHansvilleKingstonOlallaPort OrchardPoulsboSeabeck
Nearby zip codes
983109831198312983149833798393
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Based on information submitted to the MLS GRID as of 2026-04-07 11:18:40 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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