$2,000,000
33020 State Route 20 #1-14
Oak Harbor, WA 98277
Beds
—
Baths
—
Sq Ft
—
Lot
1.45 ac
Year built
1959
Type
Residential Income
Days listed
118
MLS #
2531319
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.
Exterior features
Schools
Elementary
Buyer To Verify
Middle
Buyer To Verify
High
Buyer To Verify
Property details
- Heating
- Baseboard, Forced Air, Wall Furnace
- Cooling
- None
- Flooring
- Laminate, Vinyl Plank, Carpet
- Lot
- Paved
- Water source
- Public
- Sewer
- Sewer Connected
Costs
- Annual taxes
- $12,736 (2026)
Estimate your monthly payment
$11,174/mo
- Principal & interest
- $10,113
- Property taxes
- $1,061
Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.
Location
Oak Harbor, WA 98277
Approximate location. Contact us to confirm the exact address.
Listing courtesy of Windermere/Whidbey Mgmt Serv.— Jason McFadyen.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.
Interested in this home?
Request a private tour or ask a question — a local agent will respond personally.