2938 E Walnut Street, Port Angeles, WA 98362

Port Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
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...

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Home facts

  • Year built:1972
  • Subdivision & Development:Northeast Port Angeles
  • Listing ID #:2535283
  • Updated:August 07, 2026 at 11:19 AM

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
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