Listed by Torre Realty
$1,685,000
$6K PRICE DROP

131 Barnacle St Unit 1-8 Ocean City, WA 98569

Estimated payment $9,826/month

Total Views 916
8 Beds
8 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Here is your chance to own the most popular short term rentals in the heart of Ocean Shores! This turnkey business has exceptional occupancy rates and glowing reviews, making it a stellar investment. Nestled amidst popular restaurants, diverse shopping, and just a 10-minute walk from the beach and the Convention Center, this property is perfectly situated to attract a steady stream of guests. Each of the 8 charming cottages features an efficient floor plan with a loft bedroom, a full kitchen, and a bathroom. Zoned Commercial B-1, the property is approved for nightly rentals. Additionally, condominium bylaws are in place, allowing the units to be sold separately (buyer to verify).

Listing Agent

Elena Karpova

Torre Realty License #120518 Listed on: 04/27/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2366337

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,267

Year Built

  • Built in 2013

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 70 x 200
  • 110100000200,110100000300,110100000400,110100000500,110100000600,110100000700,110100000800,C063086
  • Property is in good condition

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 2-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Schools

  • Ocean Shores Elementary School
  • North Beach Mid Middle School
  • North Beach High School

Community Details

  • No Home Owners Association
  • Ocean Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 110100000100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,267

Year Built

Built in 2013

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 2013
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 53

Interior Features

  • Possible Use: Commercial
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: Other – See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • PowerCompany: Grays Harbor PUD
  • SewerCompany: City of Ocean Shores
  • WaterCompany: City of Ocean Shores
  • WaterSewerGarbage: 19410

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 6000
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: North Beach
  • High School: North Beach High
  • Middle Or Junior School: North Beach Mid

Lot Info

  • Parcel Number: 110100000100
  • Lot Size Acres: 0.3214
  • Lot Size: 70 x 200
  • Lot Size Sq Ft: 14000
  • Additional Parcels Description: 110100000200,110100000300,110100000400,110100000500,110100000600,110100000700,110100000800,C063086
  • Zoning Description: Commercial
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: plat map
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 3.34
  • LeasedItems: None
  • TotalMonthlyIncome: 32000

Multi Family

  • Gross Scheduled Income: 424221
  • Net Operating Income: 102642
  • Number Of Units Total: 8
  • Electric Expense: 7000
  • Insurance Expense: 4450
  • Leasable Area: 3456
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 20

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5267

MLS Schools

  • Elementary School: Ocean Shores Elem

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $685 $108,185 -- $108,185
2023 $680 $98,329 $0 $98,329
2022 $488 $57,750 $0 $57,750
2021 $835 $57,750 $0 $57,750
2019 -- $80,850 $0 $80,850
2018 -- $80,850 $0 $80,850
2017 -- $77,000 $0 $77,000
2016 -- $77,405 $2,250 $75,155
2014 -- $125,000 $3,125 $121,875
2013 -- $125,000 $3,125 $121,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2025 05/26/25 Price Changed $1,685,000 -0.4% --
04/27/2025 04/27/25 For Sale $1,690,960 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $490,000 New Conventional
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2366337

Northwest Multiple Listing Service (NWMLS)

APN: 110100000100