soundmultifamily.com

07/15/2026

Just Listed: Turnkey Fourplex Investment Opportunity in Bremerton

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.

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:

Property 133 N Marion Street, Bremerton, 98312 has bedrooms, bathrooms with 2738 square feet.

07/15/2026

Classic Phinney Ridge triplex in one of Seattle's most sought-after neighborhoods. Perched above the street just one block from the vibrant Phinney/Greenwood business district, this well-maintained 1918 Craftsman features three 1-bedroom, 1-bath apartments, each with a private entrance, full kitchen, in-unit laundry, separately metered electricity, and tenants pay all utilities. Major capital improvements include updated plumbing & electrical, electrical panels, windows, French drain, mini-split heating & cooling in the two main-level units, and renovated bathrooms. Outstanding walkability to neighborhood restaurants, coffee shops, Woodland Park Zoo, Green Lake, Ballard, Fremont, and public transit. Rare opportunity to own a classic Seattle investment property in an exceptional location.

Property 303 N 64th Street, Seattle, 98103 has bedrooms, bathrooms with 1760 square feet.

07/15/2026

Just Listed-- 6-Unit Apartment Building in Carnation, WA with SELLER FINANCING.

31624 W Rutherford Street, Carnation, WA
Price: $1,375,000
Units: 6
Rare opportunity to acquire a six-unit apartment building in Carnation. Seller financing offered with ~35% down and interest-only payments during the first year, allowing the new owner to maximize cash flow while renovating units, increasing rents, and stabilizing the property before principal payments begin. Situated on a 15,152 SF corner lot with R-24 zoning, the property offers future expansion or redevelopment potential (buyer to verify), adding long-term value beyond the existing improvements. Unit mix consists of (3) 2-bedroom and (3) 1-bedroom units. Long-term month-to-month tenants provide flexibility for future improvements and repositioning. Current rents are approximately 40% below projected market rents following renovations, creating exceptional value-add potential. Additional income is generated through the on-site common laundry, and current tenants reimburse the owner for utilities, helping offset operating expenses. Additional features include ample parking, a roof with substantial remaining useful life, and recently replaced upper decks. Ideally located in downtown Carnation, just minutes from Snoqualmie, with convenient access to SR 520, Microsoft, Redmond, and Bellevue. A compelling opportunity to acquire a value-add multifamily asset with flexible financing, strong upside, and long-term appreciation potential in one of King County's most supply-constrained rental markets.

Property 31624 W Rutherford Street, Carnation, 98014 has bedrooms, bathrooms with 3936 square feet.

12/18/2025

Seattle City Hall needs to step up and finally tackle the hard challenges of an affordable housing market that isn’t functioning properly. Just look at Tacoma.

09/04/2025

Just Closed | 6-Unit New Construction | 2420 S I St, Tacoma
Helped our client complete a tight 1031 exchange—trading out of an older, problem property and into a brand-new, fully occupied, 6-unit building.
🔑 Closed at $1,090,000
🔑 Secured 5.875% commercial loan
🔑 From headaches → to hassle-free new construction

Smart timing, smooth ex*****on, strong long-term investment.

03/28/2025

Just Listed | 1461-81 Rainier Court, Fircrest, WA
Units: 12
Cap Rate: 6.9%
$3,675,000
Rare opportunity to acquire three adjacent fourplexes (12 units total) each on separate parcels in the highly desirable community of Fircrest. Offered at a strong 6.9% cap rate, well-maintained by the same dedicated owners for 21 years, providing immediate cash flow and long-term upside. Each 1,030 SqFt unit is 2 bed, 1.5 bath, w/ in-unit wash/dryer. Fully occupied with quality tenants and clear rent growth potential. Lower units feature private yards; upper units have patios. Located near top-rated schools, parks, shopping, and commuter routes, this asset is well-positioned in a high-demand market. Separate parcels offer flexible exit strategies, making it an ideal fit for both seasoned investors and those building a strong portfolio.
https://www.soundmultifamily.com/property/2348857/

01/24/2025

Just Listed-- Investment/House hack/Airbnb Cash Cow!
2715 -2719 NE 115th St, Seattle | $1,489,000
$10k/month potential rent as traditional rental.
4 Units / 4,400 SqFt
Triplex+Bonus Unit. Solid Property with Midcentury Charm, 2-Car Garage, & Lots of Potential. Meticulously maintained by the same owner for last 33yrs, rare opportunity for investors/owner-occ/house hack. Potential 7% cap rate. The main unit (2717) is ~2,600SF, 3 levels with 5 beds, 3 baths, 2nd kitchen (lower level is set up as 4th unit w/ separate entrance), vaulted ceilings, large windows & a custom fireplace. Two ~900SF remodeled 1bed/1bath units (2715 & 2719) feature updated flooring, cabinets, and full appliance packages (incl. wash/dryers). Updated plumbing/wiring & upgrades incl. newer roof, windows, minisplit/AC, & more. Sep. elect. meters & sub-metered water/sewer; so tenants can cover ALL utilities expenses. Corner lot zoned LR2
https://www.soundmultifamily.com/property/2319425/

01/24/2025

Comin' in hot with another one! -- Ravenna Duplex
7806 Lake City Way NE, Seattle | $850,000
Don’t miss this turnkey and stabilized Ravenna duplex w/ value-add opportunity! Charming traditional Tudor styling w/ modern updates include mahogany trim, French doors, hardwoods floors, builtin shelves, coved ceilings, & brand new siding. Main unit: 2bed/1.5bath, bonus room (could be additional bedroom?), sunroom & dining room. Lower unit: 1 bed/1bath. Individual laundry in both units. Detached 2 car garage w/ alley access - potential to convert to a DADU/3rd unit creating a value-add investment strategy! Lot is zoned commercial/C1-55, offering future development potential as well. Close to Green Lake, Roosevelt Light Rail, etc. Both units have solid tenants leased through July 2025.
https://www.soundmultifamily.com/property/2322571/

01/24/2025

Comin' in hot with another Tacoma Fourplex Listing!

5032 S 58th St, Tacoma | $749,900
Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell at $180k below tax assessed value!
https://www.soundmultifamily.com/property/2323569/