Property Details
665 Sunset Avenue
Ocean Shores, WA 98569
$770,000
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Property Overview
Multi Family Investment property in Ocean Shores! Exciting opportunity on this popular townhome style 4 unit building with room to expand. 3 of the 4 units have been beautifully remodeled. 2 of the units are now 3 bed/2 bath and the other 2 units are 2 bed/2 bath w/ garages. This will be a good way to increase the value & add to the already solid monthly income. Two story units kitchen/living/1.5 bath on main floor & bedrooms/full bath/laundry own the second floor. All units are rented & many updates have been done to make these wonderful homes attractive. Downtown amenities are within walking distance as well as the beach, canals & lakes. All great attractions to Ocean Shores!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Grays Harbor
Neighborhood
Ocean Shores
Listed
Mar 10, 2024
Original Price
$765,000
Financial Summary
Cap Rate
5.80%
Net Operating Income
$44,922
Gross Scheduled Income
$55,800
Gross Rent Multiplier
13.70
Total Expenses
$10,878
Building & Use
Building Sq Ft
4,084
Leasable Area
4,084 sqft
Total Units
4
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
10,001 sqft
Year Built
1979
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1979
Exterior Materials
Metal/Vinyl, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Paved
Exterior Features
Metal/Vinyl, Wood Products
Location
City
Ocean Shores
County
Grays Harbor
Coordinates
47.00567, -124.15521
Additional Information
Tax Year
2024
Annual Taxes
$3,193
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.
