$2,949,950
2938 E Walnut Street, Port Angeles, WA 98362
9,612 Sq Ft
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MLS #2535283 / Listing provided by NWMLS & Keller Williams Olympic.

$2,949,950

2938 E Walnut Street
Port Angeles, WA 98362

Active 23 hours ago
9,612
Sq Ft
$307
Per Sq Ft
1972
Year Built

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 waterfront, downtown dining, and the Coho Ferry to Victoria, BC. Strong rental demand driven by tourism, healthcare, and a growing remote workforce makes this a high-visibility rental market with lasting fundamentals. Stabilized asset. Fully occupied. Renovation complete. Room to grow.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 0
  • Parking Total: 29
  • Total Uncovered Parking Spaces: 20

Structure

  • Roof: Composition
  • Exterior Features: Wood Products
  • Foundation: Concrete Ribbon

Lot Details

  • Acres: 0.8192
  • Foundation: Concrete Ribbon
Area Features

Schools

  • High School District: Port Angeles
  • High School: Buyer To Verify
  • Middle School: Buyer To Verify
  • Elementary School: Buyer To Verify

Lot Details

  • Acres: 0.8192
  • Foundation: Concrete Ribbon
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 9239
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