2938 E Walnut ST, Port Angeles, WA 98362
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2938 E Walnut ST, Port Angeles, WA 98362
2938 E Walnut ST, Port Angeles, WA 98362
2938 E Walnut ST, Port Angeles, WA 98362
2938 E Walnut ST, Port Angeles, WA 98362
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John Durham

John Durham

+1(509) 705-5278
Listed by:Ideal Real Estate • Joanne Soderlind
$ 2,949,950
Est. payment /mo
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2938 E Walnut ST Port Angeles, WA 98362

24 Beds

14 Baths

9,612 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,612 sqft

Price per Sqft $306

Subdivision Northeast Port Angeles

MLS Listing ID 2535283

Style 56 - 10+ Units

Bedrooms 24

Year Built 1972

Annual Tax Amount $19,657

Lot Size 0.819 Acres

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Clallam

Area 918 - E Of Port Angeles N

Interior

Flooring Vinyl Plank

Fireplace false

Exterior

Exterior Feature Wood Products

View Y/N Yes

View Mountains

Roof Type Composition

Building

Sewer Sewer Connected

Water Public

New Construction No

Schools

Elementary Schools Buyer To Verify

Middle Schools Buyer To Verify

High Schools Buyer To Verify

School District Port Angeles

Others

Senior Community No

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

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John Durham

John Durham

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+1(509) 705-5278

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2938 E Walnut ST