$2,000,000
Est. $10,092/mo33020 State Route 20 #1-14, Oak Harbor, WA 98277
• Listed 2026-06-04•4 days on market
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Based on information submitted to the MLS GRID as of June 4, 2026 at 11:01am (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.
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Oak Harbor Terrace, a 14-unit multifamily investment opportunity located in Oak Harbor. The property offers investors an attractive combination of stable in-place cash flow and clear upside potential in a supply-constrained rental market supported by Naval Air Station Whidbey Island. Originally constructed in 1959, the property includes approximately 7,295 square feet of net rentable area across three buildings: a fourplex with a ground-floor commercial space, a nine-unit apartment building, and a single-family residence. The efficient unit layouts are well suited to local workforce housing demand. The asset provides meaningful opportunity to enhance income through rental rate growth, utility reimbursement optimization, and operational improvements.
Listed by Jason McFadyen • Windermere/Whidbey Mgmt Serv.
Listing updated: June 4, 2026 at 11:01am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2531319
Open houses
No upcoming open houses scheduled for this property.
$450,000
-$1,550,000 under list price
Nearby comparable homes
RexMont uses 1 strongest recent nearby sale, priced between $450K and $450K.4 outlier sales were excluded from this snapshot.
Rental earnings
$1,350/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
33020 State Route 20 #1-14, Oak Harbor, WA 98277
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.
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Oak Harbor is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 17 days.
$330,000 Sold
1 week ago
•
0 Xxx Goldie Road #2, Oak Harbor, WA 98277
0%
Under list
—
Days on market
0.6 mi
Distance
$25,000 Sold
2 weeks ago
2 bd•1 ba•Single Family
225 Ne Ernst Street #spc 30, Oak Harbor, WA 98277
16%
Under list
—
Days on market
0.7 mi
Distance
$55,000 Sold
3 weeks ago
2 bd•Single Family
1320 N Oak Harbor Street #162, Oak Harbor, WA 98277
0%
Over list
—
Days on market
0.5 mi
Distance
$397,498 Sold
6 months ago
2 bd•1 ba•~864 sq ft•Single Family
544 Ne Easy Street, Oak Harbor, WA 98277
1%
Under list
—
Days on market
0.2 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 Jun 2026
Oak Harbor School District
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.
