Renovated Quadplex with
For Sale
$669,000
133 N Marion Ave, Bremerton, WA 98312
Four-unit property with separate cottage, updated systems, laundry, and off-street parking near downtown Bremerton.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market67
Property Features for 133 N Marion Ave
General Information
Standard status
Active
Lot size
0.25 Acres
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
1 x 2BR, 2 x 1BR, 1 x studio
Multifamily Units
4
Additional Details
Cap Rate
7.4%
Taxes and HOA fees
Annual Taxes
$6,208
Amenities
coin-operated laundry
off-street parking
Building Details
Buildings
2
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Charles Burnett
(855) 450-0442
Source:
Exprealty
Added: Jun 26
Changed: Aug 31
Last Checked: Aug 31 at 2:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property combines a triplex with a detached one-bedroom cottage. The unit mix includes one 2-bedroom residence, two 1-bedroom residences, and one studio. All units are occupied, and three have received cosmetic updates, including the 2-bedroom unit in 2026. Separate electrical meters, coin-operated laundry, and off-street parking support day-to-day operations.
Capital work includes fresh exterior paint, extensive roof replacement, foundation stabilization, and plumbing and electrical upgrades. The property carries a 7.4% current cap rate, with an approximately 8% projected cap rate at market rents. Its Bremerton setting provides access to PSNS, Olympic College, downtown, the Seattle ferry, shopping, and major employers.
Capital work includes fresh exterior paint, extensive roof replacement, foundation stabilization, and plumbing and electrical upgrades. The property carries a 7.4% current cap rate, with an approximately 8% projected cap rate at market rents. Its Bremerton setting provides access to PSNS, Olympic College, downtown, the Seattle ferry, shopping, and major employers.
Key Highlights
- Four‑unit configuration includes a triplex and detached one‑bedroom cottage
- Unit mix: (1) 2‑bedroom, (2) 1‑bedroom, and (1) studio unit
- Fully occupied with a 7.4% current cap rate
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 98312, WA
33,405
Population
14,450
Households
2.3
Avg Household Size
37
Median Age
26%
College-Educated
96%
High-School Grad
65.7 sq mi
ZIP Area
508
Density / Sq Mi
$85,332
Median Household Income
$50,416
Median Earnings
$1,601
Median Rent
$430,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with separate cottage, updated systems, laundry, and off-street parking near downtown Bremerton.
Where is this quadplex located?
The property is located at 133 N Marion Ave Bremerton, WA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Four‑unit configuration includes a triplex and detached one‑bedroom cottage; Unit mix: (1) 2‑bedroom, (2) 1‑bedroom, and (1) studio unit; Fully occupied with a 7.4% current cap rate
