Property Details
1475 SE 9th Avenue
Oak Harbor, WA 98277
$1,450,000
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Property Overview
GREAT! Location and investment property with views of Oak Harbor Bay. 8-unit Twin Oaks apartment building located in the heart of Oak Harbor. Fully leased building with great rental history. Private on-site parking. Two-level apartment complex features include one-bedroom one bath units. Easy access to transit lines, schools, the College, shopping, local parks, trails, City Beach and NAS Whidbey. Currently rented below market value. 1% vacancy rate over the last 3 years.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Island
Neighborhood
City Of Oak Harbor
Listed
Feb 24, 2026
Financial Summary
Cap Rate
4.50%
Net Operating Income
$65,185
Gross Scheduled Income
$91,860
Gross Rent Multiplier
14.53
Total Expenses
$25,025
Building & Use
Building Sq Ft
4,704
Leasable Area
4,704 sqft
Total Units
8
Zoning
Residential
Possible Use
Residential
Lot Size
7,475 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.17 sqft
Year Built
1976
Garage
12 spaces
Exterior Materials
Cement Plank, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved, Sidewalk
Exterior Features
Cement Planked, Wood
Location
City
Oak Harbor
County
Island
Coordinates
48.29059, -122.64004
Additional Information
Tax Year
2025
Annual Taxes
$4,619
Possession
Array
Based on information submitted to the MLS GRID as of May 5, 2026 6:45 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.
