Turnkey multifamily investment opportunity in Port Angeles 14 units across two tax parcels, 100% leased with zero vacancies, delivering immediate cash flow from day one. The 12-unit apartment building has had 8 of the units fully refreshed throughout, updated and move-in ready. A brand new roof was installed in 2024, protecting your investment from day one. A second parcel adds a single-family home and single-wide manufactured home, rounding out a diversified income portfolio. Several units are currently below market rent, offering strong upside potential through natural turnover ideal for investors seeking a value-add play or 1031 exchange opportunity. The second parcel also carries potential for up to 7 additional units, subject to buyer verification with Clallam County, making this a compelling development opportunity in a supply-constrained market. Located in the heart of Port Angeles gateway to Olympic National Park, minutes from the Strait of Juan de Fuca waterfront, downtown dining, and the Coho Ferry to Victoria, BC. Strong rental demand driven by tourism, healthcare, and a growing remote workforce makes this a high-visibility rental market with lasting fundamentals. Stabilized asset. Fully occupied. Renovation complete. Room to grow.
| MLS # | 2535283 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 96 |
| Listing Provided By | Ideal Real Estate | Joanne Soderlind |
| SQ Feet | 9,612 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 14 |
| Zoning | Multi-Family,Residential |
| Acreage | 0.82 |
| Property View | Yes |
| Property | 19657 |
|---|
| State | WA |
|---|---|
| County | Clallam |
| City | Port Angeles |
| Zip Code | 98362 |
| Area | 918 E of Port Angeles N |
| Community Name | Northeast Port Angeles |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Northeast Port Angeles) | |
Price: $2,949,950 low | high Med: $492,500 sqft: 9,612 low | high Med: 1,342 $ / sqft: $307 low | high Med: $378 On site: 96 low | high Med: 57 | |
| State | WA |
|---|---|
| County | Clallam |
| City | Port Angeles |
| Zip Code | 98362 |
| Area | 918 E of Port Angeles N |
| Community Name | Northeast Port Angeles |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Northeast Port Angeles) | |
Price: $2,949,950 low | high Med: $492,500 sqft: 9,612 low | high Med: 1,342 $ / sqft: $307 low | high Med: $378 On site: 96 low | high Med: 57 | |