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2938 E Walnut Street, Port Angeles, WA 98362

Port Angeles
Local realty services provided by:CENTURY 21 Real Estate Center
Listed by: joanne soderlind, rod dirks
Office: ideal real estate360-504-3200
MLS#:2535283
Source:NWMLS
2938 E Walnut Street,Port Angeles, WA 98362
$2,949,950
  • - Beds
  • - Baths
  • 9,612 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,949,950
  • Price per sq. ft.:$306.9

About this home

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...

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Home facts

  • Year built:1972
  • Subdivision & Development:Northeast Port Angeles
  • Listing ID #:2535283
  • Updated:October 31, 2026 at 03:11 PM

Rooms and interior

  • Flooring:Vinyl Plank
  • Living area:9,612 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Composition
  • Year built:1972
  • Building area:9,612 sq. ft.
  • Lot area:0.82 Acres
  • Construction Materials:Wood Products 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:$2,949,950
  • Price per sq. ft.:$306.9
  • Tax amount:$19,657 (2026)

Parking

  • Total parking spaces:29
  • Carport spaces:9
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 31, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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