2938 E Walnut Street, Port Angeles, WA 98362
Local realty services provided by:CENTURY 21 Lund, Realtors
Listed by: joanne soderlind, rod dirks
Office: ideal real estate
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 waterfront, downtown dining, and the Coho Ferry to Victoria, BC. Strong rental demand driven by tourism, healthcare, and a growing remote workforce makes this a high-visibility rental market with lasting fundamentals. Stabilized asset. Fully occupied. Renovation complete. Room to grow....
Contact an agent
Home facts
- Year built:1972
- Listing ID #:2535283
- Updated:June 08, 2026 at 06:13 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
New listings near 2938 E Walnut Street
- New
$799,000Active4 beds 3 baths3,449 sq. ft.492 Walkabout Way, Port Angeles, WA 98363
MLS# 2536515Listed by: DESIGNED REAL ESTATE - New
$399,000Active4 beds 2 baths1,376 sq. ft.616 E Lauridsen Boulevard, Port Angeles, WA 98362
MLS# 2534533Listed by: PROFESSIONAL RLTY SRVCS SEQUIM - New
$124,500Active0.2 Acres1412 Discovery Loop #31, Port Angeles, WA 98363
MLS# 2534641Listed by: WINDERMERE R.E. PORT ANGELES - New
$849,900Active3 beds 3 baths3,098 sq. ft.200 Gehrke Road, Port Angeles, WA 98362
MLS# 2534724Listed by: P A REALTY
$587,900Pending3 beds 3 baths1,817 sq. ft.1356 E 8th Street, Port Angeles, WA 98362
MLS# 2535415Listed by: P A REALTY- New
$389,000Active2 beds 1 baths1,977 sq. ft.1205 S Cherry Street, Port Angeles, WA 98362
MLS# 2532578Listed by: RE/MAX PRIME - New
$1,150,000Active2 beds 3 baths1,248 sq. ft.1648 Township Line Road, Port Angeles, WA 98362
MLS# 2528594Listed by: RE/MAX PRIME - New
$399,000Active2 beds 2 baths1,300 sq. ft.2603 Plum Court #A, Port Angeles, WA 98363
MLS# 2529560Listed by: P A REALTY - New
$599,000Active4 beds 2 baths2,333 sq. ft.1603 E 5th Street, Port Angeles, WA 98362
MLS# 2534194Listed by: REAL BROKER LLC