Property Details
1042 Point Brown Avenue SE #A & B
Ocean Shores, WA 98569
$798,000
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Property Overview
Incredible investment opportunity in a Qualified Business Opportunity Zone! Talk to your CPA about potential tax benefits! This duplex was fully remodeled inside and out in 2023! New roof, siding, paint, fire sprinkler system, 208 sq. ft. private dock, and full interior remodel! The property is zoned commercial so the options are endless. Currently in use as an Airbnb with 5* ratings over the past two years! Or use one unit as a primary residence & the other as a rental. Also ideal for live/work space. Live in one unit and convert the other unit to business space. The ideas for use are abundant for this property! This duplex is canal front on the Grand Canal, with access to 23 miles of fresh waterways. Location is close to the Fish Hook Canal, leading to Duck Lake. Walk into a new home, a business opportunity, or both. High quality finishes throughout both units. Quartz countertops, beautiful cabinetry, custom tile work in kitchens and bathrooms, ductless heat and A/C in Unit B, and both units have laundry facilities. No detail was missed in the remodel. Both units have canal views. There are also ocean views in the upper unit. Game room in lower unit. Unit A also has an EV charger. Parking is ample. The back yard is mostly fenced, offering privacy from neighbors. Hot tub pads have been poured and electrical disconnects are on the rear of the structure, ready to go. Too much to mention. Take the virtual tour to see more of this amazing property!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Ocean Shores
Listed
May 6, 2026
Financial Summary
Cap Rate
17.77%
Net Operating Income
$141,838
Gross Scheduled Income
$182,500
Gross Rent Multiplier
4.30
Total Expenses
$13,287
Vacancy Rate
85.0%
Building & Use
Building Sq Ft
3,192
Leasable Area
3,192 sqft
Total Units
2
Zoning
Business,Commercial,Multi-Family,Office,Residential,Retail
Possible Use
Business, Commercial, Multi-Family, Office, Residential, Retail
Lot Size
9,148 sqft
Year Built
1988
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1988
Exterior Materials
Cement Plank, Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Cement Planked, Wood
Location
City
Ocean Shores
County
Grays Harbor
Coordinates
46.95062, -124.13337
Additional Information
Tax Year
2026
Annual Taxes
$3,666
Possession
Array
Based on information submitted to the MLS GRID as of May 6, 2026 9:45 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
