Property Details
1536 Pennsylvania Avenue
Bremerton, WA 98337
$585,000
Active
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Property Overview
Great opportunity for owner-occupied living with rental income potential or an excellent investment opportunity! Live in the spacious upper unit while the lower unit helps offset your mortgage and may assist with loan qualification. The upper unit, addressed as 1536, offers approximately 1,624 square feet with 4 bedrooms and 1 1/2 baths. The main level features a bright and inviting kitchen, cozy living room with fireplace, 2 bedrooms, and a full bath. Upstairs includes 2 additional bedrooms and another half bath, providing flexible space for guests, a home office, or hobbies. The upper unit is currently rented for $2,515 per month through July 5, 2026, creating immediate income potential with future flexibility for owner occupancy or continued investment use. The lower unit, addressed as 1538, offers approximately 900 square feet and is currently rented for $1,485 per month with a lease in place through March 31, 2027, providing steady rental income. Please note: the downstairs unit has interior cameras, as tenants are concerned about their cat getting out. Convenient Bremerton location close to the ferry, naval shipyard, shopping, restaurants, parks, and downtown amenities. Excellent opportunity for investors or buyers seeking multi-generational living or rental income potential. Please do not let the cat out, his name is Scotty!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Kitsap
Neighborhood
West Bremerton
Listed
May 15, 2026
Financial Summary
Cap Rate
6.63%
Net Operating Income
$38,776
Gross Scheduled Income
$48,000
Total Expenses
$9,224
Building & Use
Building Sq Ft
2,558
Leasable Area
2,524 sqft
Total Units
3
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
13,504 sqft
Year Built
1948
Exterior & Lot
Lot Size
0.31 sqft
Year Built
1948
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street, Paved
Exterior Features
Wood, Wood Products
Location
City
Bremerton
County
Kitsap
Coordinates
47.57592, -122.64174
Additional Information
Tax Year
2026
Annual Taxes
$4,184
Possession
Array
