33020 State Route 20 #1-14, Oak Harbor, WA 98277

Oak Harbor
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: jason mcfadyen
Office: windermere/whidbey mgmt serv.360-675-3329
MLS#:2531319
Source:NWMLS
33020 State Route 20 #1-14,Oak Harbor, WA 98277
$2,000,000
  • - Beds
  • - Baths
  • 7,295 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$2,000,000
  • Price per sq. ft.:$274.16

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.

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Home facts

  • Year built:1959
  • Subdivision & Development:City Of Oak Harbor
  • Listing ID #:2531319
  • Updated:November 13, 2026 at 01:28 AM

Rooms and interior

  • Flooring:Carpet, Laminate, Vinyl Plank
  • Living area:7,295 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Roof:Composition, Flat Roof, Torch Down
  • Year built:1959
  • Building area:7,295 sq. ft.
  • Lot area:1.45 Acres
  • Lot Features:Paved
  • Construction Materials:Cement/Concrete Exterior Finish, Wood 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:$2,000,000
  • Price per sq. ft.:$274.16
  • Tax amount:$12,736 (2026)

Parking

  • Total parking spaces:23
  • Garage:Yes
  • Garage spaces:1
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of November 13, 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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