1380 SW Swantown Avenue, Oak Harbor, WA 98277

$4,450,000
17,976
SqFt

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Listing Broker: Oak Harbor Real Estate; Brian Wasinger; ; Selling Office: GPS Renting LLC.

Sold Price
$4,450,000
List Price
$4,700,000
Status
SOLD
MLS#
2414955
Closing Date
Dec 30, 2025
Days on Market
68
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
17,976
Area Total SqFt
17976
Annual Tax Ammount
24331
Internet Provider
Buyer to Verify
Lot Size (sq ft)
300,128
Sewer
Sewer Connected

Property Description

Incredible future redevelopment opportunity with existing multi-family income! 23 units located on 6.9 acres within Oak Harbor City Limits consisting of 11 duplexes and a single-family home. Buyer to verify zoning for potential higher intensity residential redevelopment. Ideally located on corner of Swantown Ave and Heller St. Recent exterior improvements include numerous roof replacements, exterior paint, and new windows. A majority of units have been updated with flooring, paint, heaters, and lighting. Duplexes feature connected carports with large storage closets. Unit #G is a recently updated stand-alone home with detached storage/garage. Laundry hookups in all units. Close proximity to NAS Whidbey and downtown Oak Harbor.

Additional Information

List Date
2025-10-23 00:00:00
Community
City Of Oak Harbor
Net Operating Income
$287,355
Gross Adjusted Income
$287,355
Gross Scheduled Income
$432,259
Total Monthly Income
$34,550
Insurance Expenses
$9,642
Water/Sewer/Garbage Expenses
$38,796
Gross Rent Multiplier
10.87
Total Expenses
$144,904
Cap Rate
6.11
Vacancy Rate
6
Total Number of Units
23
Unit Name
1380
Potential Terms
Cash Out, Conventional
Year Built
1960
Roof
Composition
Electric Expenses
2302
Other Expenses
69833
Energy Source
Electric
School District
Oak Harbor
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Oak Harbor High
Total Monthly Income
$34,550
Gross Scheduled Income
$432,259
Vacancy Rate
6
Gross Adjusted Income
$287,355
Tax Year
2025
Insurance Expense
$9,642
W/S/G Expenses
$38,796
Total Expenses
$144,904
Net Operating Income
$287,355
Gross Rent Multiplier
10.87
Cap Rate
6.11
Based on information submitted to the MLS GRID as of . 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.
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