Listed by Better Homes&Gardens McKenzie, Bought with Dale Walters Real Estate
NOT LISTED FOR SALE

395 S Oak Harbor St Oak Harbor, WA 98277

-- Bed
-- Bath
17,830 Sq Ft
1.62 Acres

Last Sold August 15, 2023

Last sale price $3,750,000 $210 Per Sq Ft

34 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • Broadview Elementary School Rated A-
  • Thermal Windows
  • High Speed Internet

About This Home

As of August 2023

First time on market! This great 20-unit multifamily property is in the heart of Oak Harbor with a superior rental history. Both buildings are cement plank sided and in great condition. Very low occupancy rates due to the quality of construction and location close to grocery, shopping and base. Each unit has a fireplace and one covered and one uncovered parking stall along with a storage unit. Each apartment also has its own laundry hookups and could easily be converted to condos. Oversized lot has area for possible additional units to be built. This is an outstanding performing property. All units are currently leased. Don't miss out on this opportunity.

Last Agent to Sell the Property

Jim Woessner

Better Homes&Gardens McKenzie License #27193 Listed on: 05/11/2023

Better Homes&Gardens McKenzie

Last Buyer's Agent

Robert Meunier

Dale Walters Real Estate License #107531

Dale Walters Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2065566

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,321

Year Built

  • Built in 1977

Lot Details

  • 1.62 Acre Lot
  • Street terminates at a dead end

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 17,830 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 42 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Oak Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number R132024780070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,321

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1977
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 17830
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 398

Interior Features

  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: See Remarks,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 20
  • Carport Y N: No
  • Open Parking Spaces: 22
  • Open Parking: Yes
  • Total Parking Spaces: 42
  • ParkingUncoveredSpaces: 22

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: PSE
  • SewerCompany: City of Oak Harbor
  • WaterCompany: City of Oak Harbor
  • WaterSewerGarbage: 38091

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Oak Harbor
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: R132024780070
  • Lot Size Acres: 1.62
  • Lot Size Sq Ft: 70567
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet
  • MLSLotSizeSource: Public Records

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.6
  • LeasedItems: None
  • TotalMonthlyIncome: 27910

Multi Family

  • Gross Scheduled Income: 334156
  • Net Operating Income: 230568
  • Number Of Units Total: 20
  • Insurance Expense: 7772
  • Leasable Area: 21400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 20
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 33321

MLS Schools

  • Elementary School: Buyer To Verify

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

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $3,750,000 -10.7% $210 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $4,200,000 -- $236 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Woessner

    Seller's Agent in 2023

    Jim Woessner

    Better Homes&Gardens McKenzie

    (360) 929-2302

    312 Total Sales

    Jim Woessner
    Section Image
  • Robert Meunier

    Buyer's Agent in 2023

    Robert Meunier

    Dale Walters Real Estate

    (206) 849-9999

    3 Total Sales

    Robert Meunier
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2065566

Northwest Multiple Listing Service (NWMLS)
Washington Island County Oak Harbor 98277

395 S Oak Harbor St, Oak Harbor, WA

This home is located at 395 S Oak Harbor St, Oak Harbor, WA 98277 since 11 May 2023. This property was built in 1977. 395 S Oak Harbor St is a home located in Island County with nearby schools including Broadview Elementary School, Oak Harbor Middle School, and Oak Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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 by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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