33020 State Route 20 #1-14 · Oak Harbor, WA 98277
Source: NWMLS · Windermere/Whidbey Mgmt Serv. · Jason McFadyen #NWM2531319
About this home
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.
Location
Basics
- Property type
- Multi Family
- Style
- 10+ Units
- Stories
- 1 story
- Condition
- Good
- Year built
- 1959
- Building area
- 7,295 sq ft
- Lot size
- 63,000 sq ft (1.45 acres)
- County
- Island
- MLS #
- NWM2531319
Interior
- Heating
- Baseboard, Forced Air, Wall Furnace
- Cooling
- None
- Flooring
- Laminate, Vinyl Plank, Carpet
Exterior & lot
- Exterior features
- Cement/Concrete, Wood
- Roof
- Composition, Flat, Torch Down
- Foundation
- Block, Slab
- Lot features
- Paved
- Waterfront
- No
Parking
- Parking spaces
- 23
- Garage
- 1
- Covered spaces
- 1
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric
Community & fees
- Subdivision
- City Of Oak Harbor
- Property tax
- $12,736 (2026)
Transaction
- Listed on
- Jun 4, 2026
- Days on market
- 108
- Listing terms
- Cash, Conventional
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Schools
School district: Oak Harbor
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Oak Harbor High SchoolSchoolDigger 3 stars · Top 40% in WA
Listing provided courtesy of: Windermere/Whidbey Mgmt Serv.
Listing agent: Jason McFadyen.
Based on information submitted to the MLS GRID as of —. 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 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. Information is deemed reliable but not guaranteed.
Data last updated 2026-06-11.