Listed by Matt Rutherford • Better Properties Downtown SV. Bought with Windermere RE West Sound Inc.
Off Market May 2024 for $801K
$661,774
Est. refi paymentEst. refi$2,069/mo
8
bd
•
4 ba
•
3,040
sq ft
1146 Magnuson Way, Bremerton, WA 98310
About this home
Here is your chance to own a well-maintained, income-producing property. This 4-plex has hardwood floors, updated kitchens and bathrooms. Each unit has 2 bedrooms and 1 bathroom and their own fenced-in yard with 8 parking spaces. Brand new roof installed February 2024. 15 minutes away from the shipyard and 5 minutes away from Olympic College. 3 units are on below market rents and one unit is empty for easy house hacking opportunity.
Multi-familyProperty Type
1941Year Built
7,405 sq ftLot Size
$218Est. Price/Sq.Ft.
8 spacesParking
Listed by Matt Rutherford• Better Properties Downtown SV
Bought with Kristina Togia• Windermere RE West Sound Inc
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
—
Sq. Ft.
3,040
Year built
1941
Style
Multi-Family (2-4 Unit)
County
Kitsap County
APN
3968-003-007-0001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 29, 2026.
R18
Medium Density Residential District
The intent of the medium density residential R-18 zoning district is to accommodate single-family housing and existing medium density-type development, and encourage redevelopment opportunities by permitting a wider variety of housing types. Consistency throughout the neighborhoods between low density residential R-10 and medium density residential shall be implemented.
Permitted uses
Include but are not limited to:
Religious facility
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Cemetery
Housing-Mobile home park
Park & open space
Property details
Parking
Parking Information
Parking Uncovered Spaces: 8
Open Parking Spaces: 8
Has Open Parking
Interior
Heating & Cooling
Has Heating
Heating Information: Baseboard
Cooling Information: None
Interior Features
Flooring: Hardwood, Vinyl
Multi-Family Financial Information
Insurance Expense: $2,197
Net Operating Income: $60,376
Gross Adjusted Income: 67688
Gross Scheduled Income: $75,000
Total Monthly Income: 6250
Gross Rent Multiplier: 11.4
Total Expenses: 7312
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 4
Vacancy Rate: 2
# of Units (Total): 4
Unit Type 1 Information
# of Bathrooms: 1
# of Bedrooms: 2
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 760
Actual Rent: $1,525
Unit Type 2 Information
# of Bathrooms: 1
# of Bedrooms: 2
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: false
Unit Sq. Ft.: 760
Actual Rent: $1,600
Unit Type 3 Information
# of Bathrooms: 1
# of Bedrooms: 2
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 760
Actual Rent: $1,525
Unit Type 4 Information
# of Bathrooms: 1
# of Bedrooms: 2
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: false
Unit Sq. Ft.: 760
Exterior
Building Information
Construction Materials: Wood
Roof: Composition
Exterior Features
Exterior Features: Wood, Wood Products
Property Information
Energy Source: Electric
Style Code: 54 - 4-Plex
Property Type: Residential Income
Property Sub Type: Multi Family
Has View
Lot Information
MLS Lot Size Source: realist
Zoning Jurisdiction: City
Lot Features: Curbs, Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.17
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $4,062
Tax Year: 2024
Financial Information
Listing Terms: Cash Out, Conventional, FHA, VA Loan
Buyer Financing: FHA
Utilities
Utility Information
Water Source: Public
Water Company: Public
Power Company: PSE
Sewer: Sewer Connected
Sewer Company: City of Bremerton
Water Sewer Garbage: 1053
Location
School Information
High School District: Bremerton #100c
Location Information
Directions: Continue on WA-3 N. Take WA-304 E, Burwell St and WA-303 N to Magnuson Way in Bremerton Take exit 36 for WA-304 E toward Bremerton Continue onto WA-304 E/Charleston Blvd Turn left onto WA-303 N/Wa
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,040
Stories: 2.0
Lot Size: 7,405 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1941
Year Renovated: —
County: Kitsap County
APN: 3968-003-007-0001
Home facts updated by county records on Jul 29, 2026
Other
Listing Information
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Mls Status: Sold
Listing Date Information
On Market Date: Friday, March 22, 2024
Green Information
Power Production Type: Electric
Home Information
Calculated Square Footage: 3040
Building Area Total: 3040
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Structure Type: Quadruplex
Stories Total: 2
Around this home
Schools
View Ridge Elementary School
Public PreK-5 • Assigned • 0.8mi
5/10
Mountain View Middle School
Public 6-8 • Assigned • 0.3mi
3/10
Bremerton High School
Public 9-12 • Assigned • 1.3mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Bremerton, WA • 98310
Average low and high temperatures (°F)
47
37
48
37
53
40
61
43
67
48
73
52
76
55
77
58
72
54
60
46
51
43
48
41
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.7 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.
8.7 hrs
1.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$629,000 – $762,000
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