About 1215 Burwell Street
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.
Features of 1215 Burwell Street
| MLS® # | 2520059 |
|---|---|
| Price | $1,950,000 |
| Square Footage | 8,602 |
| Acres | 0.29 |
| Year Built | 1908 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1215 Burwell Street |
|---|---|
| Area | 148 - West Bremerton |
| Subdivision | Bremerton |
| City | Bremerton |
| County | Kitsap |
| State | WA |
| Zip Code | 98337 |
Amenities
| Parking Spaces | 11 |
|---|---|
| # of Garages | 5 |
| Is Waterfront | No |
Interior
| Heating | Baseboard, Ductless, Forced Air, Wall Furnace |
|---|---|
| Cooling | Ductless, None |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior Features | Cement Planked, Wood |
|---|---|
| Lot Description | Alley, Curbs, Paved, Sidewalk |
| Foundation | Poured Concrete |
School Information
| District | Bremerton #100c |
|---|
Additional Information
| Date Listed | May 7th, 2026 |
|---|---|
| Days on Market | 112 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | REally Properties Inc |
|---|