Listed by Paramount Real Estate Group
$655,000
$45K PRICE DROP

1946 & 1948 Rainier Ave Bremerton, WA 98312

Estimated payment $3,926/month

Total Views 19,779
4 Beds
3 Baths
2,838 Sq Ft
$231 Price per Sq Ft

Highlights

  • Hot Property
  • Deck
  • No HOA
  • Views of a Sound
  • Wood Flooring
  • 4-minute walk to Lillian A. & James Walker Park

About This Home

Turn key Bremerton classic - Currently being used as a fully furnished short tern rental. Always occupied, shared laundry in garage, beautiful patio area in back yard - truly a special place for those who stay here, Upstairs unit is 2BD/1.75 BTH/LR/DM/Eat in kitchen w/deck with a view of Port Washington Narrows, hardwood floors, renovated 3/4 bath, great storage, mini splits for each unit. Downstairs unit 2BD/1 BTH full kitchen, island, pantry, great closets. Once car garage with secure storage area. Driveway and off street parking available for 4+ cars.

Listing Agent

Annette Nitz

Paramount Real Estate Group License #11268 Listed on: 07/01/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2402170

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,075

Year Built

  • Built in 1943

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 65 x 164
  • Partially Fenced Property
  • Property is in very good condition

Property Views

  • Views of a Sound
  • Territorial Views

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof

Interior Spaces

  • 2,838 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Parking

  • 2 Parking Spaces
  • 1 Covered Space
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Bremerton Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 11240130432007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,075

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1943
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 2838
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 43

Interior Features

  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Concrete, Hardwood, Vinyl, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Sound, Territorial
  • Lot Features: Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Concrete
  • Exterior Features: Cement/Concrete
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Partially Fenced
  • Cooling: Ductless
  • Cooling Y N: Yes
  • Heating: Ductless
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Bremerton
  • WaterCompany: City of Bremerton
  • WaterSewerGarbage: 756

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bremerton #100c
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 11240130432007
  • Lot Size Acres: 0.25
  • Lot Size: 65 x 164
  • Lot Size Sq Ft: 10890
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,Patio
  • MLSLotSizeSource: Sentry
  • MLSSquareFootageSource: Sentry
  • ZoningJurisdiction: City
  • LotNumber: 6

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.8
  • LeasedItems: None
  • TotalMonthlyIncome: 4725

Multi Family

  • Gross Scheduled Income: 59400
  • Net Operating Income: 50773
  • Number Of Units Total: 2
  • Electric Expense: 2280
  • Insurance Expense: 1516
  • Leasable Area: 2334
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 4075

MLS Schools

  • Elementary School: Buyer To Verify

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,075 $461,940 $90,660 $371,280
2024 $3,776 $385,510 $90,660 $294,850
2023 $3,392 $385,510 $90,660 $294,850
2022 $3,151 $321,970 $75,550 $246,420
2021 $2,468 $230,790 $56,780 $174,010
2020 $2,290 $213,940 $52,550 $161,390
2019 $1,975 $191,170 $46,910 $144,260
2018 $2,941 $186,470 $35,270 $151,200
2017 $2,441 $186,470 $35,270 $151,200
2016 $2,278 $164,650 $30,940 $133,710
2015 $2,246 $161,580 $34,650 $126,930
2014 -- $154,110 $34,650 $119,460
2013 -- $164,740 $36,570 $128,170
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Price Changed $655,000 -6.4% $231 / Sq Ft
07/01/2025 07/01/25 For Sale $700,000 -- $247 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $375,000 Land Title Co Silverdale
Quit Claim Deed $313 None Listed On Document
Warranty Deed $200,000 Attorneys Title Of Kitsap
Warranty Deed $198,280 Land Title Company
Warranty Deed $96,900 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $408,500 New Conventional
Closed $420,000 Stand Alone Second
Previous Owner $111,800 New Conventional
Previous Owner $114,000 Unknown
Previous Owner $50,500 Fannie Mae Freddie Mac
Previous Owner $98,800 VA
Source: Public Records

About the Listing Agent

Annette Nitz

Paramount Real Estate Group

(360) 800-4628

Section Image

Call me at 360-620-1076 to put my expertise to work for you! My goal is what your goal is. Nothing else matters.

Whether it is buying or selling, the bottom line is to facilitate your purchase or sale with as little hassle and stress as possible.

Buying Information

First step has always been and always will be, talk to a lender and get prequalifed. There has been many many changes to mortgage lending over the past few years. FHA, VA, USDA, and Conventional loans are

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2402170

Northwest Multiple Listing Service (NWMLS)

APN: 112401-3-043-2007