Property Details

1536 Pennsylvania Avenue
Bremerton, WA 98337
$585,000
MLS# 2523200 courtesy of NWMLS Listing firm: 360 Real Estate Group

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1536 Pennsylvania Avenue , Bremerton, WA 98337, Bremerton

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1536 Pennsylvania Avenue , Bremerton, WA 98337, Bremerton

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Multi-Family
Property Type
2,558
Bldg Sq Ft
3
Units
6.63%
Cap Rate
1948
Year Built

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
Listed By
Jenny Olson
360 Real Estate Group

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