Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 
Listing provided courtesy of Windermere/Whidbey Mgmt Serv.NWMLSMLS# NWM2531319MLS Provider
  • 0 views

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.

Source: NWMLS, MLS#: NWM2531319

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
  • Property Type
    Residential Income
  • Lot
    1.45 acres

Get in Contact

Would you like to know more about this property? We're here to help! Let's connect and find what you're looking for.

Create a profile so you can receive updates on this property as soon as they happen!

  • Median Age
    34
  • Population Density
    546
  • College Educated
    40%
  • Estimated Median Income
    $61,373
  • Estimated Total Home Owners
    8,798
  • Estimated Total Renters
    7,177
  • Owner / Renter Divide
    55% / 45%
  • Estimated Average Household Size
    2
  • Total Population
    38,844
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 33020 State Route 20 #1-14

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/4/2026Source: NWMLS Added to Database
June 04, 2026