Courtesy: Keller Williams Downtown Sea
206-858-6800
Nicholas Vilvandre
Updated 8-unit property in Bremerton near Naval Base Kitsap and the Puget Sound Naval Shipyard. Two buildings with four townhouse-style units each, all offering 2 bedrooms, 1 bathroom and approximately 760 SF. Total building area of 6,080 SF with 18 on-site parking spaces. In-unit washer/dryer in seven units. Approximately $590,000 invested in renovations, repairs and capital improvements since 2022, including roof replacements on both buildings, new furnaces, updated kitchens and bathrooms, LVP flooring, interior/exterior paint, plumbing and electrical improvements, siding repairs, and select replacement windows, doors, water heaters and appliances. Additional work includes septic repairs and maintenance, crawlspace improvements and insulation. -$$- Offering a stunning projected 6.72% cap rate based on reviewed income and expenses.
Courtesy: The Joseph Group
425-250-5559
Ryan Gardner
Incredible opportunity to own this 3,000+ SF Cape Cod duplex with water views, leased and ready for you! Located across from Evergreen Park with views of the Port Washington Narrows. Wonderful location with beach access and activities all around. This home offers 5 bedrooms, 3 baths, plus extra rooms. Spacious daylight basement with plenty of storage and 2 garages. Both units are rented at a great cap rate, with room to raise rents for added upside. Also an excellent owner-occupied option: live in one unit and rent out the other. Minutes to the ferry, downtown Bremerton, and all amenities.
Courtesy: REally Properties Inc
360-769-3333
Dennis Balduf
Fantastic investment opportunity in a sought-after Manette location! This 1-bedroom/1-bath-per-unit duplex offers partial views and convenient access to PSNS, the Bremerton ferry, Manette, and downtown Bremerton. Each unit includes a 1-car garage plus driveway parking for 2+ vehicles.Updated interiors, a coin-operated laundry serviced by a third party, a large yard, and a quiet dead-end street help make these units attractive and easy to rent. Both units are currently occupied, with leases through 12/31/26 for Unit B and 04/30/27 for Unit A.A great opportunity to add a well-located duplex to your investment portfolio—or plan ahead to occupy one unit while rental income from the other helps offset your housing costs.
Courtesy: Redfin
253-201-3130
Sheryl Wingate
Fantastic duplex opportunity in a convenient Bremerton location! Whether you’re looking to live in one side while generating income from the other or add a solid cash-flow property to your investment portfolio, 1725 & 1727 Bloomington Ave offers flexibility and value. Recent improvements include a brand-new roof, most new sheathing with addition having thermal sealing done for maximum efficiency, new blown in insulation, brand-new heaters in both units, and durable LVP flooring. Unit 1725 features the added bonus of a spacious rec room expansion, providing valuable additional living and flex space. Each unit offers the privacy of its own residence while creating an ideal setup for owner-occupants, multi-generational living, or rental income. Conveniently located near PSNS, shopping, dining, and everyday amenities, with easy access to the Seattle ferry and fast ferry terminals for commuters. A smart opportunity to own a versatile income-producing property in the heart of Bremerton! Mortgage savings may be available for buyers of this listing.
Courtesy: Kidder Mathews
360-705-2800
David Kelley
627 Highland Ave — Bremerton, WA 98337 This offering presents a 6-unit value-add multifamily opportunity in Bremerton, priced at $685,000 and offered at a 7% cap rate on in-place income. Built in 1910, the property represents classic older-vintage Bremerton housing stock, offering a clear opportunity for new ownership to drive rents through unit-by-unit renovations and modernization as units turn. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, supporting steady renter demand and a durable tenant base for well-located multifamily product in the submarket. For an investor seeking an attractive going-in yield with a manageable-scale renovation opportunity, 627 Highland Ave offers an efficient, well-priced entry point into the Bremerton multifamily market.
Courtesy: Kidder Mathews
360-705-2800
David Kelley
This offering presents a 7-unit value-add multifamily opportunity in Bremerton, priced at $725,000 and offered north of a 7% cap rate on in-place income. Like much of the surrounding submarket's older housing stock, the property offers dated interiors and a clear path for new ownership to drive rents through unit-by-unit renovations and modernization — positioning the asset for meaningful upside as units turn. Bremerton's rental fundamentals remain anchored by Puget Sound Naval Shipyard, one of the region's largest employers, supporting steady renter demand and a durable tenant base for well-located multifamily product in the submarket. For an investor seeking an attractive going-in yield with a manageable-scale renovation opportunity, 2135 4th St offers an efficient, well-priced entry point into the Bremerton multifamily market.
Courtesy: Better Properties Real Estate
253-589-2680
Christian Robinson
Freshly renovated multi-family rambler with a beautifully updated kitchen and three bedrooms, including a master bath in the main house, and a fully renovated additional living unit with two bedrooms, a full-sized kitchen, and a full bathroom. Two homes for the price of one, updated and move-in ready! New electrical system, plumbing, roof, gutters, windows, garage doors, and paint inside and out, plus so much more! The work has been done; just move in and enjoy! The two-bedroom unit in the back could be a potential income generator that can help cover the mortgage. Driveways in the front and back of the property make access simple and convenient. This charming rambler is about one block away from the Illahee Forest Preserve, which has over 600 acres and extensive trails. Ample shopping amenities are nearby, with the recent addition of a new medical center. There are a total of five bedrooms and three bathrooms, two driveways, and an oversized two-car garage! There aren't many fully remodeled homes with full-sized ADU units in Bremerton. (Some websites are showing this as 7 beds & 4 baths; it's actually 5 and 3.)
Courtesy: Keller Williams West Sound
253-851-4511
Elizabeth Allen
Investors, house hackers, and savvy buyers-this is the opportunity you've been waiting for. This rare 1918 Craftsman isn't just full of timeless character; it's a true income-producing property with flexibility that's hard to find. Live in one unit and rent the other, lease both for maximum income, or continue the successful approach the current owner has already proven-all three options have been done. The main home showcases the craftsmanship of a bygone era with hardwood floors, arched doorways, leaded-glass built-ins, vintage glass doorknobs, a brick-accented fireplace, formal dining room, two main-floor bedrooms, full bath, plus finished bonus rooms, 3/4 bath and abundant storage downstairs. Plot twist: the detached two-car garage is topped by a charming 1-bedroom apartment bursting with personality-hardwood floors, built-ins, coved doorways, vintage tile, full bath and its own kitchen. Separate utilities make managing the two living spaces even easier. Major updates include new house roof (2024), apartment/garage roof (2021), new furnace (2022), updated sewer (2025), plus more plumbing and electrical improvements. Three additional off-street parking spaces are a premium bonus this close to Olympic College, PSNS, the Seattle ferry, downtown Bremerton and waterfront parks. Historic charm, important system updates and multiple income strategies combine to create a rare investment opportunity with lasting appeal.
Courtesy: Real Broker LLC
855-450-0442
Charles Burnett
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.
Courtesy: John L. Scott Snohomish
360-217-8670
Nancy Finrow
A well-located Bremerton triplex offering a rare blend of historic character, stable income, and broad investor appeal. Built in 1905, the property retains the early-century architectural detail that continues to resonate with Kitsap County renters and supports consistent occupancy. The building is configured as three units, all currently occupied by tenants, providing immediate in-place income with no downtime or lease-up risk. The property has operated as a reliable, low-maintenance multifamily asset for many years. Tenants are on utility-pay leases, operating expenses have remained predictable, and management history is well documented. The structure, layout, and long-term rental performance make this an attractive option for investors seeking a steady, easy-to-manage addition to their portfolio. Located near key Bremerton employment centers and amenities, the property benefits from a strong and diverse tenant base. Showings are available only after a mutually accepted offer, ensuring minimal disruption to residents and smooth continuity of operations.
Courtesy: Old Towne Realty
360-509-7631
Donn Hughes
Excellent Investment Opportunity. Owner has built put 3 OFF STRRET parking stalls for this spacious units that were totally remodeled in 2013 with new PEX water supply lines throughout, cabinets & counter tops, appliances, plumbing fixtures, flooring, paint and new laundry areas for both units. EZ to lease/rent. Wonderful area @ Anderson Cove in Port Washington Narrows. Close to revitalized downtown Bremerton, Seattle Ferry Terminal and Puget Sound Naval Shipyard which will experience extensive renovations over the next few years. . EZ drive to Hwy 3 and the world beyond.
Courtesy: John L. Scott, Inc.
425-454-2437
Peter Branchflower
Fully remodeled duplex in an excellent central location. Located 2 blocks from Olympic College and less than 1 mi from the Seattle Ferry. Studs-out remodel in 2018, this home features luxury vinyl plank (LVP) flooring throughout. The kitchens offer stainless steel appliances, and rich cherry wood cabinets. A washer and dryer are included for added convenience. Off street parking behind home. A turn-key investment with modern upgrades and reliable income.
Courtesy: REally Properties Inc
360-769-3333
Dennis Balduf
Investor Alert!!! This 11 unit complex on 2 tax parcels is ideally located minutes away from the PSNS State Street Gate offering convenient access to Ferries, PSNS, and all that downtown Bremerton has to offer (fabulous new restaurants, shops, nightlife, Beautiful waterfront parks and marina....MORE). This Stabilized asset boasts a TRUE 6.4% cap rate INCLUDING: Management (10%), Maintenance and Repairs, Utilities, Taxes and Insurance....you won't find many properties that pencil this well when you are honest about your expenses. Self managing these units would provide a cap rate over 7.3%!! Storage available for tenants to rent for additional income as well as 5 garage spaces. Fully updated in the 2010's these units show well and rent easily. Dual paned windows in all units, Heat pump in one unite and Gas heat in the 6 unit building. These units show well and rent easily due to the location and condition. No internal showings until mutual acceptance.
Courtesy: Manette Real Estate Co.
360-627-8648
Leah Persinger
WATER & MOUNTAIN VIEWS! Turnkey, fully furnished duplex offering stunning water and mountain views plus a proven track record as both a short- and mid-term rental. This investor-ready property delivers immediate income with the flexibility to shift strategies seasonally — or choose to live in one unit and rent the other for maximum versatility. Unit 2507 has been leased as a mid-term rental, providing stable income from day one. Unit 2505 operates as a highly rated short-term rental—recognized on Airbnb as a top 5% listing—featuring water views, a pet-friendly setup, and custom murals inspired by Washington, Seattle, and Bremerton that guests love. Both units can function as STR, MTR, or a hybrid model. Conveniently located near ferries, military bases, downtown Bremerton, Olympic College, and major medical facilities. All figures provided reflect averages. Sellers have completed a home inspection and repairs; the inspection report is available after showing. For access to current Airbnb/short-term rental listings and an updated features list, text me or ask your agent for the links. The sellers are working with the County to get it updated ASAP. Double-listed MLS #2517189.
Courtesy: Keller Williams Greater 360
360-347-6600
Lindsay Martin
Remodeled 5-plex in the heart of Bremerton. Previous owner updated this property beautifully, but did not obtain the necessary permits from the City of Bremerton. General Commercial zoning allows for the potential to use for multi-family, retail, office or mixed use. Lot size is over half an acre so might be possible to subdivide. Owner financing may be available.**Buyer to verify any and all information on what is needed to obtain permits from the City of Bremerton.**
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Bremerton is located in Washington. Bremerton, Washington has a population of 43,345. Bremerton is less family-centric than the surrounding county with 25.29% of the households containing married families with children. The county average for households married with children is 29.93%.
The median household income in Bremerton, Washington is $61,741. The median household income for the surrounding county is $84,600 compared to the national median of $69,021. The median age of people living in Bremerton is 33.2 years.
The average high temperature in July is 76 degrees, with an average low temperature in January of 35.8 degrees. The average rainfall is approximately 48.9 inches per year, with 3.3 inches of snow per year.
