1215 Burwell Street, Bremerton, WA 98337

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.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 12:22AM

Listing Office:

REally Properties Inc : 360-769-3333

Listing Agent:

Dennis Balduf : 360-769-3333

MLS ID:

2520059

Interior

• Flooring: Ceramic TileHardwoodLaminateVinylCarpet
• A/C: DuctlessNone
• Heating: BaseboardDuctlessForced AirWall Furnace
• Fireplace: Fireplaces: 0
• Eco/Green Feature: Thermal Windows

Exterior

• General: Cement PlankedWood
• Parking: Parking spaces: 11

Construction

• Roofing: Composition
• General: 56 - 10+ UnitsPoured Concrete

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Bremerton #100c
• County: Kitsap

Lot

• Zoning: 37850020200007

Utilities

• Water: Public
• Sewer: Sewer Connected

Financial

• Source: nwmls