$ 2,000,000
-
$2,000,000
Price -
7
Bed -
14
Bath -
6,500
SqFt
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About the Listing 6870 - 31684
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.
Listing Highlights
Interior Details
- Bedrooms: 7
- Bathrooms: 14 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Forced Air,Wall Furnace
- Fireplaces: 0
- Floor: Laminate,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City
Exterior Details
- Lot Description: Paved,Zoning: Commercial,Multi-Family
- Garage Capacity: 1 car
- Parking Spaces: 23
- Zoning: Commercial,Multi-Family
- Roof: Composition,Flat,Torch Down
- Others: Cement/Concrete,Wood,Good
- Sewer: City
Financial Details
- Tax Amount: $12,736
- Taxes w/Assessments: N/A
- Tax/Property ID: R133353674010
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
33020 State Route 20 1-14 Oak Harbor, WA 98277
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