256 Burwell Street
256 Burwell Street
Bremerton, WA 98337
$1,800,000
Price
9
Beds
9
Baths
7,452 Sq. Ft.
$242 / Sq. Ft.
7,452
Sq. Ft.
$242
per Sq. Ft.
Listing provided courtesy of Reid Property Management LLC
Description
Rare opportunity to own a Historic building in downtown Bremerton. The Castle Park Apartments have been a part of downtown Bremerton for decades. Walking distance to PSNS, ferry, restaurants, movie theater, and parks. This nine-unit apartment complex has alley carport parking. The Castle Park Apartments have been professionally managed for years with a 0% vacancy rate, and rents that would be easy to increase. Last year a new TPO Roof was installed with a 20-year warranty.Rare opportunity to own a Historic building in downtown Bremerton. The Castle Park Apartments have been a part of downtown Bremerton for decades. Walking distance to PSNS, ferry, restaurants, movie theater, and parks. This nine-unit apartment complex has alley carport parking. The Castle Park Apartments have been professionally managed for years with a 0% vacancy rate, and rents that would be easy to increase. Last year a new TPO Roof was installed with a 20-year warranty.
- Listed by Matthew R. Berg • Reid Property Management LLC
Property Details for 256 Burwell Street
Community Name
Bremerton
School DistrictBremerton #100c
ViewCity
Number of Assigned Spaces7
Total Covered Parking0
Entry Date12-28-2023
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of Reid Property Management LLC![]()
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LISTING UPDATED: 04/15/2024 02:12 PM
Property Details for 256 Burwell Street
| Status | Active |
|---|---|
| MLS # | 2187494 |
| Days on Market | 123 |
| Cumulative Days on Market | 122 |
| Taxes | $11,654 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1933 |
| Lot Size | 0.16 AC / 6,970 SF |
| County | Kitsap County |
Location
Listing Courtesy of Reid Property Management LLC![]()
Add your commute
Building Information for 256 Burwell Street
Stories3Residences9Year Built1933Building Size-Lot Size0.16 AC / 6,970 SF
Payment Calculator
$10,795 per month
30 year fixed, 7.25% Interest
Principal and Interest
$9,823
Property Taxes
$971
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 256 Burwell Street
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Cable TV, Fenced-Partially, Gas Available
- Area: 148 - West Bremerton
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: HWY 3 to West on Kitsap Way, Kitsap Way turns into 6th, Right on Warren Ave. Left / West on Burwell St. to address on the left, (Brick Building).
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2023
Parking
- Number of Carport Spaces: 7.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Interior Features
- Floor Covering: Hardwood, Laminate, Vinyl
- Features: Hardwood, Laminate Tile
- Amenities: Basement,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Stove/Free Standing
- FIRPTA: No
Exterior Features
- Exterior: Brick, Wood
- Roof: See Remarks
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 6940
- Power Company: PSE
- Sewer Company: City of Bremerton
- Water Company: City of Bremerton
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Block
- Zoning Class: Multi-Family,See Remarks
- Construction Methods: Post & Beam,Standard Frame
- First Right Of Refusal: false
- Possible Use: Multi-Family, See Remarks
- MLS Square Footage Source: County
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 10
Lot Information
- Lot Details: Alley, Curbs, Paved, Sidewalk
- Lot Size Source: County
- Parcel Number Free Text: 37180070070-05
- Building Condition: Good
- Calculated Square Footage: 7452
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 7452.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 9
- Units Below Grade: true
- Units In Building Total: 9
Financing / Income and Expenses
- Electric Expense: $918
- Total Expenses: 70752
- Gross Adjusted Income: 134880
- Gross Rent Multiplier: 13.35
- Gross Scheduled Income: $134,880
- Insurance Expense: $10,237
- Net Operating Income: $64,128
- Other Expenses: $38,551
- Total Monthly Income: 10580
- Fuel Expense: $2,452
Unit 1
- Name Unit 1: 101
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Rent Unit 1: $1,050.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 102
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Rent Unit 2: $1,050.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 201
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Rent Unit 3: $1,375.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 202
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Rent Unit 4: $750.00
- Bedrooms Unit 4: 0
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: 203
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Rent Unit 5: $1,060.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 1
- Bathrooms Unit 5: 1
Unit 6
- Name Unit 6: 301
- Range/Oven Unit 6: true
- Refrigerator Unit 6: true
- Dishwasher Unit 6: false
- Rent Unit 6: $1,120.00
- Bedrooms Unit 6: 1
- Fireplaces Unit 6: 1
- Bathrooms Unit 6: 1
Unit 7
- Name Unit 7: 302
- Range/Oven Unit 7: true
- Refrigerator Unit 7: true
- Dishwasher Unit 7: false
- Rent Unit 7: $1,170.00
- Bedrooms Unit 7: 1
- Fireplaces Unit 7: 1
- Bathrooms Unit 7: 1
Unit 8
- Name Unit 8: 303
- Range/Oven Unit 8: true
- Refrigerator Unit 8: true
- Dishwasher Unit 8: false
- Rent Unit 8: $1,100.00
- Bedrooms Unit 8: 1
- Fireplaces Unit 8: 1
- Bathrooms Unit 8: 1
Unit 9
- Name Unit 9: 304
- Range/Oven Unit 9: true
- Refrigerator Unit 9: true
- Dishwasher Unit 9: false
- Rent Unit 9: $1,120.00
- Bedrooms Unit 9: 1
- Fireplaces Unit 9: 1
- Bathrooms Unit 9: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 7452.0
- Leasable Area Units: Square Feet
Property History for 256 Burwell Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 256 Burwell Street
Taxable ValueLand$107,050Additions$1,218,210Total$1,325,260
Tax Record2024$11,275 ($940 / month)
Home Facts
Baths8Total Finished SqFt4,968 SqFtAbove Ground SqFt4,968 SqFtStories2Lot Size6,970 SqFtStyleMulti-Family Dwelling (2-4)Year Built1933ZoningCITYCountyKITSAPAPN3718-007-007-0005
Schools near 256 Burwell Street
This home is within Bremerton School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 3 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 10 to 12 |
Rating | School | Distance |
|---|---|---|
Naval Avenue Elementary School PublicPK to 3 | ||
Mountain View Middle School Public6 to 8 | ||
Bremerton High School Public9 to 12 | ||
Morgan Center School Public10 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Reid Property Management LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.