Property Details

Opportunity to acquire 402 South Laurel Street, a value-add apartment community located in Port Angeles, Washington.Built in 1962, 402 South Laurel Street (the “Property” or “Subject”) is a 12-unit low-rise property located in Port Angeles, Washington. The Property consists of eight 1-bedroom 1-bathroom units and four 2-bedroom 1-bathroom units. The property features several recent improvements, including new electrical panels, fresh exterior paint, updated vinyl windows, parking lot repaving completed in 2022, and a roof replacement in 2013.Located just minutes from Port Angeles’ vibrant downtown, the Property is surrounded by a significant retail presence. The Property benefits from Port Angeles’ role as the gateway to the Olympic Peninsula and its position as Clallam County’s largest city and economic hub. With close proximity to the Port Angeles ferry terminal providing direct service to Victoria, BC, and convenient access to Highway 101, the Property offers excellent connectivity to both regional markets and key Pacific Northwest destinations along the northern Olympic Peninsula.