$750,000
Est. $4,154/moPrice reduced $48,000 from the original $798,000 asking price
3,192 sq ft
1042 Point Brown Avenue SE #A & B, Ocean Shores, WA 98569
• Listed May 6, 2026•156 days active · 156 cumulative
Listing Broker: Windermere R.E. Ocean Shores; Dina Knaak; 425-359-6668; dinak@windermere.com
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Listing Broker: Windermere R.E. Ocean Shores; Dina Knaak; 425-359-6668; dinak@windermere.com
About this home
Incredible investment opportunity in a Qualified Business Opportunity Zone! Talk to your CPA about potential tax benefits! This duplex was fully remodeled inside and out in 2023! New roof, siding, paint, fire sprinkler system, 208 sq. ft. private dock, and full interior remodel! The property is zoned commercial so the options are endless. Currently in use as an Airbnb with 5* ratings over the past two years! Or use one unit as a primary residence & the other as a rental. Also ideal for live/work space. Live in one unit and convert the other unit to business space. The ideas for use are abundant for this property! This duplex is canal front on the Grand Canal, with access to 23 miles of fresh waterways. Location is close to the Fish Hook Canal, leading to Duck Lake. Walk into a new home, a business opportunity, or both. High quality finishes throughout both units. Quartz countertops, beautiful cabinetry, custom tile work in kitchens and bathrooms, ductless heat and A/C in Unit B, and both units have laundry facilities. No detail was missed in the remodel. Both units have canal views. There are also ocean views in the upper unit. Game room in lower unit. Unit A also has an EV charger. Parking is ample. The back yard is mostly fenced, offering privacy from neighbors. Hot tub pads have been poured and electrical disconnects are on the rear of the structure, ready to go. Too much to mention. Take the virtual tour to see more of this amazing property!
Listed by Dina Knaak • Windermere R.E. Ocean Shores
Listing updated: October 7, 2026 at 10:43am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2517765
Around this home
How much should you offer?
1042 Point Brown Avenue SE #A & B, Ocean Shores, WA 98569
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- Duplex
Flooring
- Ceramic Tile
- Vinyl Plank
Heating & cooling
- Ductless heating
- Wall Furnace heating
- Ductless cooling
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 2
- Units in building
- 2
- Units below grade
- false
- Building square feet
- 3,192 sq ft
Income & expenses
- Gross scheduled income
- $60,000
- Total monthly income
- $5,000
- Gross adjusted income
- $60,000
- Net operating income
- $40,000
- Cap rate
- 1%
- Gross rent multiplier
- 12.5
- Vacancy rate
- 85%
- Total expenses
- $19,622
- Insurance
- $2,400
- Electric
- $1,819
- Other expenses
- $8,713
- Water / sewer / garbage paid by
- 3025
Parking & storage
- Parking spaces
- 8
- Uncovered parking
- 8
- Parking type
- RV Parking
Taxes & assessment
- Annual taxes
- $3,666
- Tax year
- 2026
- Financing
- Cash, Conventional, FHA
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Schools
Ratings via SchoolDiggerNorth Beach School District
- Ocean Shores ElementaryPublic · Grades PK-6 · State rank 552 of 1,1386/10
- North Beach MidPublic · Grades Middle—
- North Beach Senior High SchoolPublic · Grades 9-12 · State rank 253 of 3964/10
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$4,647 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: Windermere R.E. Ocean Shores; Dina Knaak; 425-359-6668; dinak@windermere.com
Market pulse
Ocean Shores is a buyer's market.
Inventory is rising and homes are sitting longer. Buyers have room to negotiate.
Offer insight: Sellers are often willing to negotiate on price and terms.
List to sale price: The average home sells for about 3% below list price.
Time on market: The average home goes pending in around 105 days.
Recent sales nearby
Within 1 mile · last 6 months$45,500 Sold
2 weeks ago
•Single Family
284 Captains Court SW, Ocean Shores, WA 98569
6%
Under list
88
Days on market
1.0 mi
Distance
$25,750 Sold
5 weeks ago
•Single Family
125 Beachwood Loop SE, Ocean Shores, WA 98569
8%
Under list
15
Days on market
0.7 mi
Distance
$34,000 Sold
5 weeks ago
•Single Family
750 Duck Lake Drive SE, Ocean Shores, WA 98569
3%
Under list
156
Days on market
0.7 mi
Distance
$359,000 Sold
6 weeks ago
2 bd•1.75 ba•~1,033 sq ft•Single Family
955 Tonquin Avenue SW, Ocean Shores, WA 98569
0%
Over list
57
Days on market
0.6 mi
Distance
$428,000 Sold
6 weeks ago
3 bd•1.75 ba•~1,372 sq ft•Single Family
673 Island Circle SE, Ocean Shores, WA 98569
5%
Under list
147
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Oct 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 7, 2026 at 10:43am (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
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