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.
Active
Listed by: REally Properties Inc • Dennis Balduf
$1,950,000
1215 Burwell Street, Bremerton, WA 98337
13beds
12baths
8,602sqft
:
Get pre-qualified$12,159/mo
Multi Family
Built in 1908
-- sqft lot
$-- Zestimate®
$227/sqft
$-- HOA
What's special
- 87 days |
- 289 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Dennis Balduf,
REally Properties Inc
Source: NWMLS as distributed by MLS GRID,MLS#: 2520059
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 13
- Bathrooms: 12
Heating
- Baseboard, Ductless, Forced Air, Wall Furnace, Electric, Natural Gas
Cooling
- Ductless, None
Features
- Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 8,602
- Total interior livable area: 8,602 sqft
Property
Parking
- Total spaces: 11
- Parking features: Garage
- Garage spaces: 5
- Uncovered spaces: 6
Lot
- Size: 0.29 Acres
- Features: Curbs, Paved, Sidewalk, Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
Details
- Parcel number: 37850020200007
- Zoning description: Multi-Family,Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Cement Planked, Wood Siding, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Good
- Year built: 1908
Utilities & green energy
- Electric: Company: Puget Sound Energy
- Sewer: Sewer Connected, Company: City of Bremerton
- Water: Public, Company: City of Bremerton
- Utilities for property: Comcast, Xfinity
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Bremerton
Location
- Region: Bremerton
Financial & listing details
- Price per square foot: $227/sqft
- Tax assessed value: $932,180
- Annual tax amount: $14,779
- Date on market: 5/6/2026
- Cumulative days on market: 90 days
- Listing terms: Conventional
Estimated market value
Not available
Estimated sales range
Not available
$2,553/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $1,950,000+95%$227/sqft |
Source:  NWMLS as distributed by MLS GRID #2520059 Report a problem | ||
| 1/8/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/28/2023 | Listed for rent | $1,750 |
Source: Zillow Rentals Report a problem | ||
| 12/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/28/2023 | Price change | $1,750-2.8% |
Source: Zillow Rentals Report a problem | ||
| 11/19/2023 | Price change | $1,800-5.3% |
Source: Zillow Rentals Report a problem | ||
| 11/16/2023 | Listed for rent | $1,900 |
Source: Zillow Rentals Report a problem | ||
| 11/6/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/3/2023 | Price change | $1,900+5.6% |
Source: Zillow Rentals Report a problem | ||
| 10/26/2023 | Price change | $1,800-5.3% |
Source: Zillow Rentals Report a problem | ||
| 10/18/2023 | Price change | $1,900-2.6% |
Source: Zillow Rentals Report a problem | ||
| 10/14/2023 | Price change | $1,950-7.1% |
Source: Zillow Rentals Report a problem | ||
| 10/12/2023 | Listed for rent | $2,100 |
Source: Zillow Rentals Report a problem | ||
| 9/28/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 9/25/2023 | Listed for rent | $2,100 |
Source: Zillow Rentals Report a problem | ||
| 4/20/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 3/13/2023 | Price change | $2,100-4.5% |
Source: Zillow Rentals Report a problem | ||
| 3/1/2023 | Price change | $2,200+2100% |
Source: Zillow Rentals Report a problem | ||
| 2/26/2023 | Price change | $100-95.7% |
Source: Zillow Rentals Report a problem | ||
| 2/13/2023 | Price change | $2,300-8% |
Source: Zillow Rentals Report a problem | ||
| 1/18/2023 | Listed for rent | $2,500+42.9% |
Source: Zillow Rentals Report a problem | ||
| 5/11/2022 | Listing removed | -- |
Source: Zillow Rental Network_1 Report a problem | ||
| 5/4/2022 | Listed for rent | $1,750 |
Source: Zillow Rental Network_1 Report a problem | ||
| 7/29/2016 | Sold | $1,000,000+557.9%$116/sqft |
Source: NWMLS as distributed by MLS GRID #905732 Report a problem | ||
| 1/12/2001 | Sold | $152,000-15.3%$18/sqft |
Source: NWMLS as distributed by MLS GRID #20136104 Report a problem | ||
| 10/13/1999 | Sold | $179,520+79.5%$21/sqft |
Source: Public Record Report a problem | ||
| 11/16/1994 | Sold | $100,000$12/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,260 +1.4% | $932,180 +0.9% |
| 2024 | $8,148 +3.6% | $924,170 |
| 2023 | $7,863 -2.4% | $924,170 +0.8% |
| 2022 | $8,059 +16.4% | $916,410 +29.5% |
| 2021 | $6,922 +7.6% | $707,670 +17.5% |
| 2020 | $6,435 +26.8% | $602,240 +22.4% |
| 2019 | $5,077 -2.4% | $491,940 +50.3% |
| 2018 | $5,201 | $327,320 |
| 2017 | $5,201 +21.4% | $327,320 +13.3% |
| 2016 | $4,284 +7.2% | $288,940 +46.4% |
| 2015 | $3,996 | $197,310 +5.3% |
| 2014 | $3,996 +45.7% | $187,400 -9% |
| 2013 | $2,743 -46.2% | $205,840 -48.2% |
| 2012 | $5,096 +58.1% | $397,660 +19% |
| 2008 | $3,223 +0.7% | $334,280 +11% |
| 2007 | $3,202 +19% | $301,150 +49.9% |
| 2005 | $2,689 | $200,960 +60.6% |
| 2002 | -- | $125,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98337
Nearby schools
GreatSchools rating
- 5/10Naval Avenue Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 3/10Mountain View Middle SchoolGrades: 6-8Distance: 1.6 mi
- 4/10Bremerton High SchoolGrades: 9-12Distance: 0.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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