Listing provided courtesy of Real Broker LLCNWMLSas Distributed by MLSGrid- MLS# NWM2544918
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Request Info133 N Marion StreetBremerton, WA 98312
Multi-Family · 4 Beds · 2,738 Sq. ft. | 0.25 Acres$669,000
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133 N Marion Street Overview
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Solid, turnkey fourplex on a large 10,890 SF lot in West Bremerton. Fully occupied with an attractive unit mix of (1) 2-bedroom, (2) 1-bedroom, and (1) studio unit. Strong in-place income with upside through scheduled rent increases and market rent growth. Offered at a 7.4% current cap rate with ~8% projected cap rate at market rents. The property consists of a triplex plus detached one-bedroom cottage with separate electrical meters, coin-operated laundry, and off-street parking. Three of the four units have been cosmetically renovated, including the 2-bedroom unit in 2026. Major capital improvements include fresh exterior paint, extensive roof replacement, foundation stabilization, and updated plumbing and electrical. Conveniently located near PSNS, Olympic College, downtown Bremerton, the Seattle ferry, shopping, and major employers. Excellent investment opportunity offering immediate cash flow and long-term upside in one of Kitsap County's strongest rental markets.
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133 N Marion Street Facts & Features
- Type Multi-Family
- Sq. ft. 2,738
- Price/Sq.ft. $244
- Lot 0.25 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Bremerton #100c
Income/Expenses
- Other Expense: 1638
- Electric Expense: 540
- Fuel Expense: 0
- Gross Scheduled Income: 65580
- Insurance Expense: 2502
- Net Operating Income: 49449
- Total Expenses: 15478
- Total Monthly Income: 5740
- Water/Sewer/Garbage: 4590
Building Information
- New Construction: No
- Year Built: 1942
Location/Region
- Country: US
- County Or Parish: Kitsap
- MLS Area Major: 148 - West Bremerton
- Subdivision Name: Bremerton
Community/Development
- Amenities: Coin Op Laundry
Tax Information
- Tax Annual Amount: $6,208.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional, VA Loan
- Parcel Number: 15240131922002
- Property Condition: Average
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 2738
- Building Area Units: Square Feet
- Calculated Square Footage: 2738
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Engineered Hardwood, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 2469
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 8
- Parking Uncovered Total: 8
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.25
- Lot Size Square Feet: 10890
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Quadruplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 3 Details
- Actual Rent: 1145
- Beds Total: 0
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1295
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1350
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1650
- Beds Total: 2
- Baths Total: 1
133 N Marion Street Neighborhood
Community
98312 (Bremerton) Demographics
37
Median Age
452
Population Density (per sq. mile)
40%
College Educated
$68,195
Estimated Median Income
7,802
Estimated Total Home Owners
4,791
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.133 N Marion Street Monthly Cost
133 N Marion Street Market Data
Based on the last 30 days in this zip code
$630,112
Average List Price
$311
Average Price per Square Foot
35
Properties Sold
78
Average Days on Market
246
Properties for Sale
133 N Marion Street History
| Date | Value | Agent |
|---|---|---|
| 6/26/2026Source: NWMLS | June 26, 2026 |