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No HOA
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Listed by: Jason McFadyen (360) 672-0695 | Windermere/Whidbey Mgmt Serv. (360) 675-3329
$2,000,000
Monthly Est:$9,955
7 Beds
14 Baths
7,295sqft
33020 State Route 20 #1-14, Oak Harbor, WA 98277
$2,000,000
$9,955/moEst:
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Multi Family
Built in 1959
$-- HOA
1.45 acres lot
$274/sq.ft
Description
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.
- Houzeo last checked: 12 hours ago
- Listing updated: September 21, 2026 at 4:31 pm
- Source: Northwest Multiple Listing Service | MLS#: NWM2531319
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1959
HOA Fees
-
Finished Area
7,295 sqft
Lot Size
1.45 acres lot
Basement Area
- sqft
MLS Name
Northwest Multiple Listing Service
MLS Number
NWM2531319
MLS Status
Active
Days on Market
121
Cumulative Days on Market
120
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 14
Interior
Exterior Features
Cement/concrete, Wood
Heating
Baseboard, Forced Air, Wall Furnace
Sewer
Sewer Connected
Cooling
None
Flooring
Laminate, Vinyl Plank, Carpet
Construction
Year Built
Year Built: 1959
Home type
Multi Family
Construction Materials
Cement, Wood
Foundation Details
Block, Slab
Property Condition
Good
Roof
Composition, Flat, Torch Down
Utilities & Energy
Water Source
Public
Other Features
Lot Features
Paved
Subdivision Name
City Of Oak Harbor
Price History
| Date | Event | Price |
|---|---|---|
06/04/2026 Source: | Listed for Sale | $2,000,000 $274/sqft |
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Based on information submitted to the MLS GRID by Northwest Multiple Listing Service as of Oct 02, 2026, 09:01AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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