$2,949,950
Est. $15,166/mo2938 E Walnut Street, Port Angeles, WA 98362
• Listed 2026-06-05•53 days on market
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Turnkey multifamily investment opportunity in Port Angeles — 14 units across two tax parcels, 100% leased with zero vacancies, delivering immediate cash flow from day one. The 12-unit apartment building has had 8 of the units fully refreshed throughout, updated and move-in ready. A brand new roof was installed in 2024, protecting your investment from day one. A second parcel adds a single-family home and single-wide manufactured home, rounding out a diversified income portfolio. Several units are currently below market rent, offering strong upside potential through natural turnover — ideal for investors seeking a value-add play or 1031 exchange opportunity. The second parcel also carries potential for up to 7 additional units, subject to buyer verification with Clallam County, making this a compelling development opportunity in a supply-constrained market. Located in the heart of Port Angeles — gateway to Olympic National Park, minutes from the Strait of Juan de Fuca waterfront, downtown dining, and the Coho Ferry to Victoria, BC. Strong rental demand driven by tourism, healthcare, and a growing remote workforce makes this a high-visibility rental market with lasting fundamentals. Stabilized asset. Fully occupied. Renovation complete. Room to grow.
Listed by Joanne Soderlind • Ideal Real Estate
Listing updated: June 8, 2026 at 09:53am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2535283
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2938 E Walnut Street, Port Angeles, WA 98362
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$200,000 Sold
6 months ago
•Single Family
162 Kemp Street, Port Angeles, WA 98362
39%
Under list
—
Days on market
0.2 mi
Distance
$189,000 Sold
6 months ago
•Single Family
42 Elwha Road, Port Angeles, WA 98362
47%
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.
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Ask a RexMont agentMarket data from MLS GRID / NWMLS
Port Angeles 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.
