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Listing courtesy of NWMLS / Better Properties NW

2938 2934 E Walnut Street

Port Angeles, WA 98362

– beds
– baths
11,320 sqft
~3/4 acre lot
$181 per sqft
1972 build
– on site

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Rare 14-unit complex in Port Angeles. Extremely low vacancy rate in port Angeles makes this property a prime investment opportunity! This property consists of two 6-unit buildings, one house, and one mobile. Sits at a 7.6 cap and is below market rents can easily be pushed to an 8-cap property! Over 200k spend hooking up all 4 structures to sewer, 3 new sewer connections with an increased size connection of the sewer to the manufactured home to allow for a 4 plex. The house has recently been remodeled with new windows, new paint, new kitchen cabinets and counters, flooring. 7 units have been updated and the remaining 5 were lightly refreshed. The vacancy rate is very low and these units are hardly ever empty. Onsite coin op laundry.

Listing courtesy of NWMLS / Better Properties NW

Last checked: Checking… • Last updated Oct 26, 2023 •

MLS# 2051037 —

The Building

Year Built:

1972
Year Built:

1972
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Multi Family
Exterior Features:

Wood, Wood Products
Roof:

Composition
Units In Building Total:

14
Foundation Details:

Post & Pillar, Poured Concrete
# of Units Total:

14
Stories Total:

2
Building Area Total:

11320
Building Area Units:

Square Feet
Calculated SqFt:

11320

Interior

Interior Features:

Wall to Wall Carpet
Furnished:

Unfurnished
Flooring:

Vinyl, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing
Buyer Financing:

Conventional

Location

Latitude:

48.105508
Longitude:

-123.373813
Directions:

Highway 101, North on Larch, Left on Walnut to address on left.

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Good
Parcel Number:

0530075410800000
Lot Features:

Dead End Street, Paved, Secluded, Value In Land
Lot Size Units:

Square Feet
Lot Size Dimensions:

35683
Lot Size Acres:

0.8192
Lot Size SqFt:

35683
Lot Size Source:

Public Records
Zoning Class:

Multi-Family
Zoning Jurisdiction:

County
View:

false
Waterfront:

false
Possible Use:

Multi-Family
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2022
Tax Annual Amount:

7438

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Wall Unit(s)

Utilities

Water Company:

City Of Port
Water Source:

Public
Sewer:

Sewer Connected
Sewer Company:

City Of Port Angeles
Power Company:

City Of Port

Schools

Elementary School:

Buyer To Verify
Middle Or Junior School:

Stevens Mid
High School:

Port Angeles High
High School District:

Port Angeles

The Community

Subdivision Name:

Northeast Port Angeles
Amenities:

Coin Op Laundry,Storage
Senior Community:

false
Association:

false

Parking

Parking Total:

17
Parking Uncovered Spaces:

11
Open Parking:

true
Open Parking Spaces:

11
Carport Spaces:

6
Carport:

false

Listing courtesy of NWMLS / Better Properties NW

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Sale history

Date	Event	Source	Price	% Change
10/26/23 Oct 26, 2023	Sold	NWMLS	$2,050,000	-4.7%
7/26/23 Jul 26, 2023	Pending	NWMLS	$2,150,000
6/13/23 Jun 13, 2023	Price Changed	NWMLS	$2,150,000	-2.3%

Multifamily Sold on 10/26/2023

$2,050,000

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Listing courtesy of NWMLS / Better Properties NW

Disclaimer: The information contained in this listing has not been verified by Better Properties NW and should be verified by the buyer.

2938 2934 E Walnut Street

Port Angeles, WA 98362