Property Details

971 Point Brown Avenue SE
Ocean Shores, WA 98569
$499,900
MLS# 2458061 courtesy of NWMLS Listing firm: First Harbor Real Estate, Inc.

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971 Point Brown Avenue SE, Ocean Shores, WA 98569, Ocean Shores

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971 Point Brown Avenue SE, Ocean Shores, WA 98569, Ocean Shores

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Multi-Family
Property Type
2,132
Bldg Sq Ft
2
Units
6.07%
Cap Rate
1984
Year Built

Property Overview

*Priced below recent appraised value* Great Well maintained duplex by the sea in B-1 Retail Commercial zoning, where short-term rentals are allowed. Upper 4-bed/2-bath unit is 1,246 sq ft with an indoor sitting porch and sunset views from the kitchen, a free-stand wood stove, single garage, and updated windows. Rented at $1,880. Lower 2-bed/1.5-bath unit is 1,066 sq ft with its own carport, fresh paint, and new flooring. Rented at $1,430. New roof 2023. Convenient location near beach, lakes, and parks. Ideal for owner-occupancy, long-term income, or potential nightly rental use.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Grays Harbor
Neighborhood Ocean Shores
Listed Dec 1, 2025
Original Price $569,900

Financial Summary

Cap Rate 6.07%
Net Operating Income $34,592
Gross Scheduled Income $39,720
Gross Rent Multiplier 14.35
Total Expenses $5,128

Building & Use

Building Sq Ft 2,132
Leasable Area 2,372 sqft
Total Units 2
Zoning Commercial,Retail,See Remarks
Possible Use Commercial, Retail, See Remarks
Lot Size 8,276 sqft
Year Built 1984

Exterior & Lot

Lot Size 0.19 sqft
Year Built 1984
Garage 1 spaces
Exterior Materials Wood
Sewer Sewer Connected
Water Source Public
Lot Features Corner Lot, Paved
Exterior Features Wood

Location

City Ocean Shores
County Grays Harbor
Coordinates 46.95181, -124.14000

Additional Information

Tax Year 2025
Annual Taxes $1,741
Possession Array
Listed By
Kristi Norberg
First Harbor Real Estate, Inc.

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