Listing provided courtesy of REally Properties IncNWMLSas Distributed by MLSGrid- MLS# NWM2520059
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1215A - Kitchen
1215A - Living Room
1215C - Entry
1215C - Living Room
1215C - Bathroom 1
1215C - Soaking tub in bathroom 1
1215C - Bathroom 2 wtih shower
1215C - Bedroom 1
1215C - Second Bathroom
1215C - Kitchen
1215C - In-unit Laundry
1215E - Bedroom
1215E - Bathroom
1215E - Kitchen
1215F - Living Room
1215F - Bedroom
1215 D, E, and F exterior with decks on units D and E
1215B Exterior entrance
1215 Garages on alley side of property
Parking lot view of 1217 and 1221 buildings
1217A - Living Room
1217A - Bath
1217A - Bedroom
1217A Dining area
1217A - Kitchen
1221A - Living room
1221A - Kitchen and dining area
1221A - Bedroom
1221A - Bathroom
1221B - Living Room
1221B -Dining nook with view to kitchen and bedroom
1221B - Kitchen
1221B - Bedroom
1219 Burwell on alley side of lot
1221 Garages
Garage on back side of 1221 garages
Satellite Imagery with Buildings/landmarks labeled
1215 Burwell StreetBremerton, WA 98337
Multi-Family · 13 Beds · 8,602 Sq. ft. | 0.29 Acres$1,950,000
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1215 Burwell Street Overview
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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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1215 Burwell Street Facts & Features
- Type Multi-Family
- Sq. ft. 8,602
- Price/Sq.ft. $227
- Lot 0.29 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Bremerton #100c
Green Features
- Green Energy Efficient: Thermal Windows
Income/Expenses
- Other Expense: 37823
- Electric Expense: 0
- Fuel Expense: 205
- Gross Scheduled Income: 199380
- Insurance Expense: 6500
- Net Operating Income: 125172
- Total Expenses: 68226
- Total Monthly Income: 16615
- Water/Sewer/Garbage: 8919
Building Information
- New Construction: No
- Year Built: 1908
Location/Region
- Country: US
- County Or Parish: Kitsap
- MLS Area Major: 148 - West Bremerton
- Subdivision Name: Bremerton
Community/Development
- Amenities: See Remarks,Storage,Thermal Windows
Tax Information
- Tax Annual Amount: $14,779.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 37850020200007
- Possible Use: Multi-Family,Residential
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 5
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 8602
- Building Area Units: Square Feet
- Calculated Square Footage: 8602
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: Yes
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 8602
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric,Natural Gas
- Security Features: Partially Fenced
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 11
- Parking Uncovered Total: 6
Lot Information
- Irrigation Water Rights: No
- Lot Features: Alley, Curbs, Paved, Sidewalk
- Lot Size Acres: 0.29
- Lot Size Square Feet: 12632
- Lot Size Units: Square Feet
- Site Features: Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 5
- Exterior Features: Cement Planked, Wood
- Number Of Units Total: 11
- Sewer: Sewer Connected
Unit Information
Unit 9 Details
- Actual Rent: 1000
- Beds Total: 1
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1350
- Beds Total: 1
- Baths Total: 1
Unit 11 Details
- Actual Rent: 1350
- Beds Total: 1
- Baths Total: 1
Unit 7 Details
- Actual Rent: 1395
- Beds Total: 1
- Baths Total: 1
Unit 8 Details
- Actual Rent: 1400
- Beds Total: 1
- Baths Total: 1
Unit 6 Details
- Actual Rent: 1400
- Beds Total: 1
- Baths Total: 1
Unit 5 Details
- Actual Rent: 1425
- Beds Total: 1
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1450
- Beds Total: 1
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1575
- Beds Total: 2
- Baths Total: 1
Unit 10 Details
- Actual Rent: 1595
- Beds Total: 1
- Baths Total: 1
Unit 3 Details
- Actual Rent: 1950
- Beds Total: 2
- Baths Total: 2
1215 Burwell Street Neighborhood
Community
98337 (Bremerton) Demographics
33
Median Age
4,173
Population Density (per sq. mile)
45%
College Educated
$55,433
Estimated Median Income
1,617
Estimated Total Home Owners
1,896
Estimated Total Renters
46% / 54%
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.1215 Burwell Street Monthly Cost
1215 Burwell Street Market Data
Based on the last 30 days in this zip code
$470,554
Average List Price
$281
Average Price per Square Foot
7
Properties Sold
86
Average Days on Market
22
Properties for Sale
1215 Burwell Street History
| Date | Value | Agent |
|---|---|---|
| 5/7/2026Source: NWMLS | May 07, 2026 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |