726 E Whidbey Avenue, Oak Harbor, WA 98277

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Listing Broker: Acorn Properties, Inc; Kathi Phillips; ; Selling Office: Coldwell Banker 360 Team.

Sold Price
$2,384,000
List Price
$2,500,000
Status
SOLD
MLS#
2409842
Closing Date
Nov 06, 2025
Days on Market
9
Style
56 - 10+ Units
Finished SqFt
10,947
Area Total SqFt
10947
Annual Tax Ammount
13396
Internet Provider
Xfinity Comcast
Lot Size (sq ft)
22,651
Sewer
Sewer Connected

Property Description

12 unit Harbor Oaks apartment building located in the heart of Oak Harbor. Fully leased complex with great rental history. Several units have been updated. Parking lot newly resurfaced and new stripping including handicap parking. Three level apartment complex features include two bedroom 1-1.5 bath units, with laundry hookups in all units. Easy access to transit lines, schools, shopping, local parks, trails, city beach and NAS Whidbey.

Additional Information

List Date
2025-10-28 00:00:00
Community
Oak Harbor
Net Operating Income
$111,467
Gross Adjusted Income
$194,433
Gross Scheduled Income
$196,397
Total Monthly Income
$196,397
Insurance Expenses
$17,805
Water/Sewer/Garbage Expenses
$23,129
Gross Rent Multiplier
12
Total Expenses
$82,966
Cap Rate
5
Vacancy Rate
1
Total Number of Units
12
Unit Name
726
Potential Terms
Cash Out, Conventional
Year Built
1987
View
Territorial
Roof
Composition
Site Features
Deck, High Speed Internet, Patio
Electric Expenses
261
Other Expenses
28375
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
$196,397
Gross Scheduled Income
$196,397
Vacancy Rate
1
Gross Adjusted Income
$194,433
Tax Year
2024
Insurance Expense
$17,805
W/S/G Expenses
$23,129
Total Expenses
$82,966
Net Operating Income
$111,467
Gross Rent Multiplier
12
Cap Rate
5
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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