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.
Property Details
Price:
$1,950,000
MLS #:
NWM2520059
Status:
Active
Beds:
13
Baths:
12
Type:
Multi Family
Subdivision:
Bremerton
Neighborhood:
148westbremerton
Listed Date:
May 7, 2026
Finished Sq Ft:
8,602
Total Sq Ft:
8,602
Lot Size:
12,632 sqft / 0.29 acres (approx)
Year Built:
1908
Units:
11
148 – West Bremerton148westbremertonBremertonBremerton #100c
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Schools
School District:
Bremerton #100c
Interior
Cooling
Ductless, None
Flooring
Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
Heating
Baseboard, Ductless, Forced Air, Wall Furnace
Exterior
Construction Materials
Cement Plank, Wood
Covered Spaces
5
Exterior Features
Cement Planked, Wood
Garage Spaces
5
Green Energy Efficient
Thermal Windows
Lot Features
Alley, Curbs, Paved, Sidewalk
Parking Spots
11
Parking Total
11
Roof
Composition
Security Features
Partially Fenced
Financial
Net Operating Income
$125,172
Tax Year
2026
Taxes
$14,779
Map
Community
- Address1215 Burwell Street Bremerton WA
- SubdivisionBremerton
- CityBremerton
- CountyKitsap
- Zip Code98337
Subdivisions in Bremerton
- Blueberry Meadows
- Bremerton
- Brownsville
- Camp Union
- Central Kitsap
- Central Valley
- Charleston
- Chico
- East Bremerton
- Erlands Point
- Fairgrounds
- Gorst
- Huckle Ridge
- Illahee
- Kariotis
- Kitsap Lake
- Lake Symington
- Lake Tahuyeh
- Manette
- Marine Drive
- McCormick
- Mission Lake
- Oyster Bay
- Phinney Bay
- Port Orchard
- Ridgetop
- Rocky Point
- Seabeck
- Sheridan Park
- Sherman Heights
- Silverdale
- South Kitsap
- Tracyton
- West Bremerton
- West Hills
- Wildcat Lake
Market Summary
Current real estate data for Multi Family in Bremerton as of May 10, 2026
26
Multi Family Listed
81
Avg DOM
274
Avg $ / SqFt
$939,871
Avg List Price
Property Summary
- Located in the Bremerton subdivision, 1215 Burwell Street Bremerton WA is a Multi Family for sale in Bremerton, WA, 98337. It is listed for $1,950,000 To schedule a showing of MLS#nwm2520059 at 1215 Burwell Street in Bremerton, WA, contact your The Agency Bainbridge Island agent at 2068668002.
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Courtesy of REally Properties Inc. Disclaimer: Based on information submitted to the MLS GRID as of May-10-2026 3:37:49 pm. 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.Copyright 2026. All rights reserved.
1215 Burwell Street
Bremerton, WA

