Property Details
527 E First Street
Port Angeles, WA 98362
$1,525,000
Active
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Property Overview
The Morning Apartments is a 12-unit community located in Downtown Port Angeles. Originally built in 1953, significant improvements have been made on the property in order for it to perform as well as it does. Units have all been freshly renovated while preserving the historic charm of wood cabinetry & hardwood floors. Morning Glory consists of nine one-bedroom,one-bathroom units averaging ±711 square feet & two two-bedroom, one-bathroom units averaging ±988 square feet, and one three bedroom, one-bathroom unit of approximately 968 square feet. The apartment has two shared washers and two shared dryers. At a purchase price of $1,600,000, Morning Glory offers great value to a buyer at $133,333 per unit, $171 per foot, with solid operations.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Clallam
Neighborhood
Port Angeles
Listed
Dec 16, 2025
Original Price
$1,600,000
Financial Summary
Cap Rate
8.91%
Net Operating Income
$142,577
Gross Scheduled Income
$199,380
Gross Rent Multiplier
8.02
Total Expenses
$76,483
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
9,340
Leasable Area
9,340 sqft
Total Units
12
Lot Size
7,000 sqft
Year Built
1953
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1953
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved
Exterior Features
Wood
Location
City
Port Angeles
County
Clallam
Coordinates
48.11577, -123.42472
Additional Information
Tax Year
2025
Annual Taxes
$7,182
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
