Property Details
6305 Bob Galbreath Road
Clinton, WA 98236
$925,000
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Property Overview
A rare investment opportunity on South Whidbey–this fully occupied 4-plex offers immediate cash flow and long-term upside in one of the areas most convenient locations. Just minutes from the Clinton Ferry and steps from the bus line, the property attracts commuters and locals alike, keeping demand strong year-round. All four units are leased to reliable tenants and professionally managed by Windermere Property Management (management fees not included in current expenses). Rents are currently below market, leaving meaningful room for growth as a new owner brings units to market rate over time. Set on a generous 1.15 acres, the property offers ample parking and yard space for tenants to enjoy. The large grassy area adjacent to the parking serves as the drainfield, with additional offsite drainfield capacity supporting the commercial building across the street. Whether you're expanding a portfolio or stepping into your first multi-family investment, this is a turnkey property with stable income, built-in upside, and a location that consistently performs.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Island
Neighborhood
Clinton
Listed
Apr 30, 2026
Structure Type
Quadruplex
Parcel Number
R329241404060
Tax & HOA
Annual Property Tax
$4,632 (2026)
Est. Monthly Tax
$386/mo
Financial Summary
Cap Rate
6.00%
Net Operating Income
$56,086
Gross Scheduled Income
$67,311
Gross Rent Multiplier
14.00
Total Expenses
$11,225
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,920
Leasable Area
3,920 sqft
Total Units
4
Lot Size
1.15 acres
Year Built
1994
Exterior & Lot
Lot Size
1.15 sqft
Year Built
1994
Garage
4 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Community
Lot Features
Paved
Exterior Features
Wood
Community & Access
Directions
From Clinton ferry, Hwy 525 N to Right on Bob Galbreath Road, approximately 500 ft to sign on Right.
Location
City
Clinton
County
Island
Coordinates
47.98129, -122.35961
Additional Information
Tax Year
2026
Annual Taxes
$4,632
Possession
Array
Based on information submitted to the MLS GRID as of June 11, 2026 7:15 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.
