$1,500,000 Price Analysis    ♡   Bremerton, WA 98337 Unknown bed None bath 7,452 SqFt ($201/SqFt) 6,970SqFt lot. Built 1933 Listed 2023-12-28, Taxes $11,655 | Ⓧ USDA Ineligible due to price & location near Bremerton |
Motivated huge price reduction.
The Castle Park Apartments have been a part of downtown Bremerton for decades. Walking distance t 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.
Presented by Matthew R. Berg at
Reid Property Management LLC.
Property MLS #2187494 from NWMLS
Hardwood
Laminate Tile
Flooring: Hardwood, Laminate Tile, Vinyl
Laminate Tile
Flooring: Hardwood, Laminate Tile, Vinyl
Fuel Expense: 2452
Heating Features: Stove/Free Standing
Heating Fuel: Electric, Natural Gas
Heating: Yes
Heating Features: Stove/Free Standing
Heating Fuel: Electric, Natural Gas
Heating: Yes
Brick
Wood
Wood
Carport Spaces: 7
Parking Total: 7
Parking Total: 7
Lot Description: Alley, Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.1600092
Lot Size Square Feet: 6970
Lot Size Acres: 0.1600092
Lot Size Square Feet: 6970
View: City
Security Features: FullyFenced
Security Features: FullyFenced
Basement
Storage
Storage
Elementary School: Buyer To Verify
High School: Buyer To Verify
High School District: Bremerton #100c
Middle School: Buyer To Verify
High School: Buyer To Verify
High School District: Bremerton #100c
Middle School: Buyer To Verify
Bremerton High School is a public high school located approximately 0.9 miles away.
Map directions
Map directionsNaval Avenue Elementary School is a public elementary school located approximately 1.1 miles away.
Map directions
Map directionsMountain View Middle School is a public middle school located approximately 1.3 miles away.
Map directions
Map directionsAlta Vista School is a private middle and high school located approximately 0 miles away.
Map directions
Map directionsGross Scheduled Income: 134880
Leasable Area: 7452
Leasable Area Units: Square Feet
Leasable Area: 7452
Leasable Area Units: Square Feet
Number of Units: 9
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Unit-1 Description: 101
Unit-2 Description: 102
Unit-3 Description: 201
Unit-4 Description: 202
Unit-5 Description: 203
Unit-6 Description: 301
Unit-7 Description: 302
Unit-8 Description: 303
Unit-9 Description: 304
Unit 1 Total Actual Rent: 1050
Unit 2 Total Actual Rent: 1050
Unit 3 Total Actual Rent: 1375
Unit 4 Total Actual Rent: 750
Unit 5 Total Actual Rent: 1060
Unit 6 Total Actual Rent: 1120
Unit 7 Total Actual Rent: 1170
Unit 8 Total Actual Rent: 1100
Unit 9 Total Actual Rent: 1120
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Unit-1 Description: 101
Unit-2 Description: 102
Unit-3 Description: 201
Unit-4 Description: 202
Unit-5 Description: 203
Unit-6 Description: 301
Unit-7 Description: 302
Unit-8 Description: 303
Unit-9 Description: 304
Unit 1 Total Actual Rent: 1050
Unit 2 Total Actual Rent: 1050
Unit 3 Total Actual Rent: 1375
Unit 4 Total Actual Rent: 750
Unit 5 Total Actual Rent: 1060
Unit 6 Total Actual Rent: 1120
Unit 7 Total Actual Rent: 1170
Unit 8 Total Actual Rent: 1100
Unit 9 Total Actual Rent: 1120
Calculated Total Monthly Association Fees: 0
Annual Tax Amount: 11654
Source Listing Status: Active
Country Region: US
County: Kitsap
Cap Rate: 4.3
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).
Tax Year: 2023
Other Expense: 38551
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 10237
Area: 148 - West Bremerton
List Development Name: Bremerton
Source Neighborhood: Bremerton
Parcel Number: 37180070070-05
Street Suffix Modifier: Street
Subdivision: Bremerton
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2
Source Listing Status: Active
Country Region: US
County: Kitsap
Cap Rate: 4.3
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).
Tax Year: 2023
Other Expense: 38551
Source Property Type: Multi-Family
Possible Use: Multi-Family
Insurance Expense: 10237
Area: 148 - West Bremerton
List Development Name: Bremerton
Source Neighborhood: Bremerton
Parcel Number: 37180070070-05
Street Suffix Modifier: Street
Subdivision: Bremerton
Zoning: MultiFamily
Source System Name: C2C
Buyer Agent Commission: 2
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $891,560 + $107,050 $998,610 | $11,655 |
| 2022 | $640,730 + $95,140 $735,870 | $9,769 |
| 2021 | $495,380 + $95,140 $590,520 | $7,865 |
| 2020 | $464,260 + $95,140 $559,400 | $6,317 |
| 2019 | $372,240 + $95,140 $467,380 | $5,775 |
| 2018 | $206,790 + $86,490 $293,280 | $6,148 |
| 2017 | $206,790 + $86,490 $293,280 | $3,838 |
| 2016 | $194,810 + $142,160 $336,970 | $4,056 |
| 2015 | $208,020 + $149,450 $357,470 | $4,682 |
| 2014 | $208,020 + $149,450 $357,470 | $5,122 |
| 2012 | $164,340 + $164,030 $328,370 | $4,208 |
| 2011 | $181,230 + $164,030 $345,260 | $4,117 |
| 2010 | $181,310 + $182,250 $363,560 | $4,006 |
| 2009 | $302,750 + $97,900 $400,650 | $4,074 |
| 2008 | $302,750 + $97,900 $400,650 | $3,862 |
Price Changed 2024-07-03
$1,500,000
NWMLS
Price Changed 2024-01-16
$1,800,000
NWMLS
Listed 2023-12-28
$1,950,000
NWMLS
Sold 2007-09-26
$725,000
Public Record
Sold 2004-05-12
$165,000
Public Record
Sold 1985-09-03
$173,000
Public Record
$1,500,000
NWMLS
Price Changed 2024-01-16
$1,800,000
NWMLS
Listed 2023-12-28
$1,950,000
NWMLS
Sold 2007-09-26
$725,000
Public Record
Sold 2004-05-12
$165,000
Public Record
Sold 1985-09-03
$173,000
Public Record
Net Operating Income: 64128
Operating Expense: 70752
Operating Expense: 70752
Electric Expense: 918
Power Production Type: Electric, NaturalGas
Sewer: Sewer Connected
Water Source: Public
Power Production Type: Electric, NaturalGas
Sewer: Sewer Connected
Water Source: Public
Building Area Total: 7452
Building Area Units: Square Feet
Construction Materials: PostBeam, StandardFrame
Foundation Details: Concrete Block
Living Area Units: Square Feet
Property Age: 91
Property Condition: Good
Building Total Stories: 3
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
Building Area Units: Square Feet
Construction Materials: PostBeam, StandardFrame
Foundation Details: Concrete Block
Living Area Units: Square Feet
Property Age: 91
Property Condition: Good
Building Total Stories: 3
Structure Type: Multi Family
House Style: 5-9 Units
Elevation Units: Feet
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.