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    2135 4Th St Bremerton, WA 98312

    For Sale
    $949,900

    Seven-unit apartment building with value-add potential in Bremerton, Washington.

    Property size:
    2,812 SF
    Lot size:
    0.25 Acres

    Property Features for 2135 4Th St

    General Information

    Size
    2,812 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1932

    Source: Lumin Brokers of Washington Agent Northwest Multiple Listing Service

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bremerton 7-Plex Investment Opportunity

    This 7-plex apartment building features a mix of unit types, including four units with 0 bedrooms and 1 bathroom, two units with 1 bedroom and 1 bathroom, and one unit with 2 bedrooms and 2 bathrooms. The property totals 2812 square feet. The current tenants are long-term and operate on a month-to-month lease basis. This property presents an opportunity to increase value without immediate updates to the building or individual units. Rents are currently below market rates and could be increased by an average of 15% to align with current market rents. The current capitalization rate of 6.92% has the potential to increase to 8.43%. Further renovation could lead to additional rent increases in the future. DSCR loans are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bremerton
    County
    Kitsap
    State
    Washington
    Longitude
    -122.6482819
    Latitude
    47.5661798

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    FAQs

    What type of property is this?
    Apartment building - Seven-unit apartment building with value-add potential in Bremerton, Washington.
    Where is this apartment building located?
    The property is located at 2135 4Th St Bremerton, WA.
    What is the asking price?
    The asking price for this property is $949,900.
    What are key features of this property?
    This property features: - Opportunity to increase rents by an average of 15% to meet current market rents.; - Current Cap Rate of 6.92% with potential to raise it to 8.43%.; - Unique opportunity to add value without updates to the building or units.
    Request Owner's contact information
    2135 4Th St Bremerton, WA 98312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2135 4Th St Bremerton, WA 98312
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