33020 State Route 20 #1-14, Oak Harbor, WA 98277
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: jason mcfadyen
Office: windermere/whidbey mgmt serv.
MLS#:2531319
Source:NWMLS
33020 State Route 20 #1-14,Oak Harbor, WA 98277
$2,000,000
- - Beds
- - Baths
- 7,295 sq. ft.
- Multi-family
- Active
Price summary
- Price:$2,000,000
- Price per sq. ft.:$274.16
About this home
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.
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Home facts
- Year built:1959
- Subdivision & Development:City Of Oak Harbor
- Listing ID #:2531319
- Updated:October 28, 2026 at 12:22 AM
Rooms and interior
- Flooring:Carpet, Laminate, Vinyl Plank
- Living area:7,295 sq. ft.
Heating and cooling
- Heating:Baseboard, Forced Air
Structure and exterior
- Roof:Composition, Flat Roof, Torch Down
- Year built:1959
- Building area:7,295 sq. ft.
- Lot area:1.45 Acres
- Lot Features:Paved
- Construction Materials:Cement/Concrete Exterior Finish, Wood Exterior Finish
Schools
- High school:Buyer To Verify
- Middle school:Buyer To Verify
- Elementary school:Buyer To Verify
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$2,000,000
- Price per sq. ft.:$274.16
- Tax amount:$12,736 (2026)
Parking
- Total parking spaces:23
- Garage:Yes
- Garage spaces:1
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