$1,950,000
Est. $9,942/mo1215 Burwell Street, Bremerton, WA 98337
• Listed 2026-05-07•42 days on market
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Based on information submitted to the MLS GRID as of June 11, 2026 at 09:49am (date and time MLS GRID Data was obtained). 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.
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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.
Listed by Dennis Balduf • REally Properties Inc
Listing updated: June 11, 2026 at 09:49am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2520059
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1215 Burwell Street, Bremerton, WA 98337
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More homes in this area that match your range.
Bremerton is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 8 days.
$430,000 Sold
1 week ago
2 bd•1 ba•~1,012 sq ft•Single Family
1922 4th Street, Bremerton, WA 98337
5%
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—
Days on market
0.4 mi
Distance
$389,200 Sold
1 week ago
2 bd•1 ba•~868 sq ft•Single Family
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3%
Over list
—
Days on market
0.6 mi
Distance
$465,500 Sold
2 weeks ago
1 bd•1 ba•~5,208 sq ft•Single Family
801 Pennsylvania Avenue, Bremerton, WA 98337
7%
Under list
—
Days on market
0.4 mi
Distance
$465,500 Sold
2 weeks ago
•Single Family
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7%
Under list
—
Days on market
0.4 mi
Distance
$455,000 Sold
3 weeks ago
3 bd•2 ba•~1,362 sq ft•Single Family
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2%
Under list
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Days on market
0.1 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
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