1215 Burwell Street, Bremerton, WA 98337

Bremerton
Local realty services provided by:Imagine Realty ERA Powered
Listed by: dennis balduf
Office: really properties inc
MLS#:2520059
Source:NWMLS
1215 Burwell Street,Bremerton, WA 98337
$1,950,000
  • - Beds
  • - Baths
  • 8,602 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$226.69

About this home

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.

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Home facts

  • Year built:1908
  • Subdivision & Development:Bremerton
  • Listing ID #:2520059
  • Updated:October 01, 2026 at 12:04 PM

Rooms and interior

  • Flooring:Carpet, Ceramic Tile Floor, Hardwood, Laminate, Vinyl Floor
  • Living area:8,602 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1908
  • Building area:8,602 sq. ft.
  • Lot area:0.29 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Cement Planked, Wood Exterior Finish
  • Exterior Features:Deck, Fenced-Partially, Patio

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$226.69
  • Tax amount:$14,779 (2026)

Features and amenities

  • Amenities:Cable TV, Gas Available, High Speed Internet

Parking

  • Total parking spaces:11
  • Garage:Yes
  • Garage spaces:5
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