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

1948 N Rainier Ave Bremerton, WA 98312

Estimated payment $3,968/month

Total Views 2,207
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: 17

Interior Features

  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Ceramic Tile, Concrete, Hardwood, Vinyl, Carpet
  • Interior Amenities: Ceramic Tile, Concrete
  • 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% $281 / Sq Ft
07/01/2025 07/01/25 For Sale $700,000 +86.7% $300 / Sq Ft
09/24/2021 09/24/21 Sold $375,000 +5.6% $264 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $355,000 +77.5% $250 / Sq Ft
08/21/2017 08/21/17 Sold $200,000 -3.4% $141 / Sq Ft
05/18/2017 05/18/17 Pending -- -- --
05/17/2017 05/17/17 For Sale $207,000 +3.5% $146 / Sq Ft
05/08/2017 05/08/17 Off Market $200,000 -- --
04/10/2017 04/10/17 Price Changed $207,000 -3.7% $146 / Sq Ft
03/28/2017 03/28/17 For Sale $215,000 0.0% $152 / Sq Ft
03/21/2017 03/21/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $215,000 -- $152 / 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

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2402170

Northwest Multiple Listing Service (NWMLS)

APN: 112401-3-043-2007