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$1,950,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Car Garage
  • Updated 18 hours ago

Listed by Dennis Balduf | REally Properties Inc | (360) 769-3333

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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.

Full Property Details for 1215 Burwell St

General

  • Price: $1,950,000
  • Taxes: $14,779 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2520059
  • Updated: 5/8/2026
  • Added to Site: 3 day(s) ago

Interior

  • Flooring: Ceramic Tile, Hardwood, Laminate, Vinyl, Carpet

Additional Information

  • Amenities: Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
  • Security/Safety: Partially Fenced

Parking

  • Garage Spaces: 5
  • Covered Spaces: 5
  • Uncovered Spaces: 6

Location

  • Area: 148 - West Bremerton
  • County: Kitsap
  • Subdivision: Bremerton
  • Driving Directions: From Hwy 3: Kitsap Way to 6th Street; Right on N Callow, Left on Burwell/304; Right on State Ave, Left into alley between Burwell and Gregory. Property/parking on left. No street parking on Burwell.

School Information

  • High School District: Bremerton #100c

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ductless, None
  • Heating Type: Baseboard, Ductless, Forced Air, Wall Furnace

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Multi Family
  • Exterior Const.: Cement Planked, Wood
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 8,602
  • Year Built: 1908
  • Property Condition: Good

Unit Information

  • Units in Building: 11

Lot Features

  • Lot Size (Acres): 0.29
  • Lot Size (Sq. Ft.): 12,632
  • Lot Size Source: Tax Records
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • Zoning: Multi-Family, Residential

Green Features

  • Energy Efficient: Thermal Windows

Financial Considerations

  • Tax Amount: $14,779
  • Tax Year: 2026
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 37850020200007

Listed by Dennis Balduf | REally Properties Inc | (360) 769-3333

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NMLS#: 1598647

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Schools serving 1215 Burwell St

School District:Bremerton School District
NameGradesDistance
Naval Avenue Elementary School
900 Olympic Avenue, Bremerton, WA 98312
PK-50.7 mi
Mountain View Middle School, Bremerton, WA
2400 Perry Avenue, Bremerton, WA 98310
6-81.5 mi
Bremerton High School
1500 13th Street, Bremerton, WA 98337
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1215 Burwell St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/07/2026
Listed
$1,950,000
95%
MLS
7/25/2016
Sold
$1,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1215 Burwell St

Year
Property Taxes
Change
Tax Assessment
Change
2026
$8,260
1%
$932,180
1%
2025
$8,148
4%
$924,170
—
2024
$7,863
-2%
$924,170
1%
2023
$8,059
—
$916,410
29%
2023
$8,061
25%
$707,670
18%
2021
$6,437
—
$602,240
17%
2021
$6,437
17%
$515,940
5%
2020
$5,520
9%
$491,940
24%
2019
$5,079
-2%
$395,360
21%
2018
$5,201
21%
$327,320
13%
2017
$4,284
7%
$288,940
46%
2016
$3,996
46%
$197,310
5%
2015
$2,743
2%
$187,400
—
2014
$2,686
—
$187,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Dennis Balduf | REally Properties Inc | (360) 769-3333

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1215 Burwell Street, Bremerton, WA 98337 (MLS# 2520059) is a Multi-Family property with 11 units containing 0 bedrooms and 0 full bathrooms. 1215 Burwell Street is currently listed for $1,950,000 and was received on May 07, 2026. Want to learn more about 1215 Burwell Street? Do you have questions about finding other Multi-Family real estate for sale in Charleston? You can browse all Charleston real estate or contact a Coldwell Banker agent to request more information.

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