133 N Marion St, Bremerton, WA
Offered at $669,000 | 4 Units

Investors looking for strong cash flow and long-term upside won't want to miss this newly listed Bremerton fourplex for sale. Located in West Bremerton on a large 10,890-square-foot lot, this well-maintained property offers immediate income, significant capital improvements, and the potential for future rent growth in one of Kitsap County's strongest rental markets.

Strong Cash Flow From Day One

This fully occupied fourplex features an attractive unit mix designed to appeal to a broad tenant base:

  • One 2-bedroom unit
  • Two 1-bedroom units
  • One detached 1-bedroom cottage

The property is currently offered at an impressive 7.4% cap rate, with an estimated 8% cap rate at market rents, providing investors with both immediate returns and future upside through scheduled rent increases and continued market appreciation.

A Well-Maintained Investment

Unlike many value-add properties that require significant deferred maintenance, this fourplex has already benefited from substantial capital improvements.

Recent updates include:

  • Fresh exterior paint
  • Extensive roof replacement
  • Foundation stabilization
  • Updated plumbing and electrical
  • Cosmetic renovations to three of the four units, including a complete renovation of the 2-bedroom unit in 2026

Additional investor-friendly features include separate electrical meters, coin-operated laundry, and off-street parking, helping reduce operating costs while increasing tenant appeal.

Excellent West Bremerton Location

Location continues to drive rental demand throughout Bremerton, and this property is ideally positioned near many of the area's largest employers and amenities.

Nearby destinations include:

  • Puget Sound Naval Shipyard (PSNS)
  • Olympic College
  • Downtown Bremerton
  • Seattle Ferry Terminal
  • Shopping and restaurants
  • Major employers and commuter routes

With Bremerton continuing to experience population growth and ongoing investment, well-located multifamily properties remain in high demand among both tenants and investors.

Why Investors Are Watching Bremerton

The Bremerton multifamily market continues to attract investors seeking higher cap rates than many Seattle-area assets while benefiting from strong employment drivers and expanding ferry access to downtown Seattle.

Properties that combine solid in-place income with rental upside and completed capital improvements are becoming increasingly difficult to find.

For investors looking to add a stable, professionally maintained asset to their portfolio, 133 N Marion St represents an outstanding opportunity.

Learn More

If you're looking to purchase a Bremerton investment property, this fourplex deserves a closer look.

View additional photos, financial information, and property details here:

https://www.soundmultifamily.com/property/2544918

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Seattle, Tacoma, Bremerton, and the greater Puget Sound region. Whether you're buying your first rental property or expanding a portfolio, I'm here to help you identify opportunities that maximize long-term returns.