Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2135 4Th St, Unit Bremerton Bremerton, WA 98312

    For Sale
    $949,900

    Seven-unit multifamily property with value-add potential in Bremerton, Washington.

    Property size:
    2,812 SF

    Property Features for 2135 4Th St

    General Information

    Standard status
    Active
    Size
    2,812 SF

    Building Details

    Year built
    1932

    Source: LUMIN BROKERS OF WASHINGTON Agent RICH KIM

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

    Overview

    Bremerton 7-Plex Investment Opportunity

    This 7-plex multifamily property features a mix of unit sizes, 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 offers an opportunity to add value without immediate updates, as current rents are below market rates. Increasing rents by an average of 15% could raise the current capitalization rate from 6.92% to 8.43%. Further renovation could potentially increase rents even more. The property totals 2,812 square feet. Current tenants are on month-to-month leases.
    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

    Nearby Similar for Sale

    • $1,280,000
      6,224 SF

      Restaurant Building on Highway 303

      Stand-alone restaurant building with high visibility and development potential.
      5769 Hwy, Bremerton, WA
      View Details
    • $3,500,000
      45,738 SF

      Multifamily Development Site in Bremerton

      280-unit multifamily development site near Bremerton Ferry Terminal.
      601 Highland Ave, Bremerton, WA 98337
      View Details
    • $3,200,000

      Corner Car Dealership Redevelopment Opportunity

      83,000 SF car dealership property for redevelopment.
      3890 Wheaton Way, Bremerton, WA 98310
      View Details
    • $1,075,000
      7,081 SF

      Prime Retail Building in Manette

      7,902 SF building in prime retail area of Manette.
      1007 Scott Ave, Bremerton, WA 98310
      View Details
    • $1,200,000

      Commercial Building in Bremerton, WA

      Prime commercial building in a high-traffic area, equipped with sprinklers.
      536 4Th St, Bremerton, WA 98337
      View Details
    • $174,900
      1,680 SF

      Silverdale Estates 55+ Community Home

      Conveniently located 55+ community home with updated features.
      156 NE Zodiac Ln, Bremerton, WA 98311
      View Details

    FAQs

    What type of property is this?
    Apartment building - Seven-unit multifamily property with value-add potential in Bremerton, Washington.
    Where is this apartment building located?
    The property is located at 2135 4Th St, Unit Bremerton 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% can be raised to 8.43%.; - Unique opportunity to add value without updates.
    Request Owner's contact information
    2135 4Th St, Unit Bremerton Bremerton, WA 98312
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2135 4Th St, Unit Bremerton
    Bremerton, WA 98312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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, Unit Bremerton Bremerton, WA 98312
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.