1475 SE 9th Avenue, Oak Harbor, WA 98277

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Listing Broker: Coldwell Banker 360 Team; Alexander Pfeiffer; 360-632-4952; alex.p@cb360team.com

List Price
$1,450,000
Status
PENDING
MLS#
2483626
Days on Market
230
Style
55 - 5-9 Units
Building Condition
Good
Finished SqFt
4,704
Area Total SqFt
4704
Lot Size (sq ft)
7,475

Property Description

GREAT! Location and investment property with views of Oak Harbor Bay. 8-unit Twin Oaks apartment building located in the heart of Oak Harbor. Fully leased building with great rental history. Private on-site parking. Two-level apartment complex features include one-bedroom one bath units. Easy access to transit lines, schools, the College, shopping, local parks, trails, City Beach and NAS Whidbey. Currently rented below market value. 1% vacancy rate over the last 3 years.

Additional Information

List Date
2026-02-09 02:23:16
Community
City Of Oak Harbor
Net Operating Income
$65,185
Gross Adjusted Income
$90,210
Gross Scheduled Income
$91,860
Total Monthly Income
$7,655
Insurance Expenses
$5,763
Water/Sewer/Garbage Expenses
$10,885
Gross Rent Multiplier
14.53
Total Expenses
$25,025
Cap Rate
4.5
Total Number of Units
8
Unit Name
1475
Potential Terms
Cash, Conventional, USDA Loan
Year Built
1976
View
Bay, Territorial
Roof
Composition
Site Features
Cable TV, High Speed Internet, Patio
Electric Expenses
328
Other Expenses
3430
Energy Source
Electric
School District
Oak Harbor
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$7,655
Gross Scheduled Income
$91,860
Gross Adjusted Income
$90,210
Tax Year
2025
Insurance Expense
$5,763
W/S/G Expenses
$10,885
Total Expenses
$25,025
Net Operating Income
$65,185
Gross Rent Multiplier
14.53
Cap Rate
4.5
Based on information submitted to the MLS GRID as of . 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.

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