1215 Burwell Street, Bremerton, WA 98337
- $1,950,000
- 8,602
- SqFt
Listing courtesy of REally Properties Inc.
- List Price
- $1,950,000
- Status
- ACTIVE
- MLS#
- 2520059
- Days on Market
- 83
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 8,602
- Area Total SqFt
- 8602
- Annual Tax Ammount
- 14779
- Internet Provider
- Xfinity
- Lot Size (sq ft)
- 12,632
- Sewer
- Sewer Connected
Property Description
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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Additional Information
- List Date
- 2026-05-07 16:48:33
- Community
- Bremerton
- Net Operating Income
- $125,172
- Gross Adjusted Income
- $193,398
- Gross Scheduled Income
- $199,380
- Total Monthly Income
- $16,615
- Insurance Expenses
- $6,500
- Water/Sewer/Garbage Expenses
- $8,919
- Gross Rent Multiplier
- 9.7
- Total Expenses
- $68,226
- Cap Rate
- 6.4
- Vacancy Rate
- 3
- Total Number of Units
- 11
- Unit Name
- 1215
- Potential Terms
- Cash, Conventional
- Year Built
- 1908
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Other Expenses
- 37823
- Energy Source
- Electric, Natural Gas
- School District
- Bremerton #100c
- Total Monthly Income
- $16,615
- Gross Scheduled Income
- $199,380
- Vacancy Rate
- 3
- Gross Adjusted Income
- $193,398
- Tax Year
- 2026
- Insurance Expense
- $6,500
- W/S/G Expenses
- $8,919
- Total Expenses
- $68,226
- Net Operating Income
- $125,172
- Gross Rent Multiplier
- 9.7
- Cap Rate
- 6.4
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.