256 Burwell Street, Bremerton, WA 98337
- $1,300,000
- 7,452
- SqFt
Listing courtesy of Reid Property Management LLC. Selling Office: eXp Realty.
- Sold Price
- $1,300,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 2328929
- Closing Date
- Dec 18, 2025
- Days on Market
- 584
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 7,452
- Area Total SqFt
- 7452
- Annual Tax Ammount
- 11654
- Lot Size (sq ft)
- 6,970
- Sewer
- Sewer Connected
Property Description
Rare opportunity to own a Historic building in downtown Bremerton. The Castle Park Apartments have been a part of downtown Bremerton for decades. Walking distance to PSNS, ferry, restaurants, movie theater, and parks. This nine-plex apartment complex has alley carport parking and has been professionally managed for years. New common carpet, new 150-gallon hot water tank, and TPO Roof.
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Additional Information
- List Date
- 2024-05-13 00:00:00
- Community
- Bremerton
- Net Operating Income
- $70,008
- Gross Adjusted Income
- $140,760
- Gross Scheduled Income
- $140,760
- Total Monthly Income
- $11,730
- Insurance Expenses
- $10,237
- Water/Sewer/Garbage Expenses
- $6,940
- Gross Rent Multiplier
- 9.6
- Total Expenses
- $70,752
- Cap Rate
- 5.2
- Total Number of Units
- 9
- Unit Name
- 256
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1933
- View
- City
- Roof
- See Remarks
- Site Features
- Cable TV, Fenced-Partially, Gas Available
- Electric Expenses
- 918
- Other Expenses
- 38551
- Energy Source
- Electric, Natural Gas
- School District
- Bremerton #100c
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $11,730
- Gross Scheduled Income
- $140,760
- Gross Adjusted Income
- $140,760
- Tax Year
- 2023
- Insurance Expense
- $10,237
- W/S/G Expenses
- $6,940
- Total Expenses
- $70,752
- Net Operating Income
- $70,008
- Gross Rent Multiplier
- 9.6
- Cap Rate
- 5.2
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.