MLS #2531319 / Listing provided by NWMLS .
$2,000,000
33020 State Route 20
Unit 1-14
Oak Harbor,
WA
98277
Sq Ft
Per Sq Ft
Year Built
Oak Harbor Terrace, a 14-unit multifamily investment opportunity located in Oak Harbor. The property offers investors an attractive combination of stable in-place cash flow and clear upside potential in a supply-constrained rental market supported by Naval Air Station Whidbey Island. Originally constructed in 1959, the property includes approximately 7,295 square feet of net rentable area across three buildings: a fourplex with a ground-floor commercial space, a nine-unit apartment building, and a single-family residence. The efficient unit layouts are well suited to local workforce housing demand. The asset provides meaningful opportunity to enhance income through rental rate growth, utility reimbursement optimization, and operational improvements.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Garage Spaces: 1
- Parking Total: 23
- Total Uncovered Parking Spaces: 22
Structure
- Roof: Composition, Flat, Torch Down
- Exterior Features: Cement/Concrete, Wood
- Foundation: Block, Slab
Lot Details
- Lot Features: Paved
- Acres: 1.4463
- Foundation: Block, Slab
Schools
- High School District: Oak Harbor
- High School: Buyer To Verify
- Middle School: Buyer To Verify
- Elementary School: Buyer To Verify
Lot Details
- Lot Features: Paved
- Acres: 1.4463
- Foundation: Block, Slab
Power
- Energy Source: Electric
- Power Company: PSE
Water, Sewer, and Garbage
- Sewer Company: City
- Sewer: Sewer Connected
- Water Company: City
- Water Source: Public
- Water, Sewer, and Garbage: 10000
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